Welcome!

News Feed Item

Scribestar Limited: Significant Appointments Following Oversubscribed Fundraising

Scribestar Limited (“Scribestar” or “the Company”), a provider of cloud-based editing and review applications for legal documents entailing multiple reviewers, initially aimed at lawyers working with capital markets transactions, has recently concluded a successful financing round totalling £2.85m ($4.8m) raised from private investors. The fund raise was oversubscribed. A total of £7m ($11.8m) has been raised by the Company since 2010. The product will be commercially launched in the summer of 2014.

The Company is also pleased to announce two significant appointments which strengthen the Company in advance of a commercial launch. The Company has appointed Andrew Prozes as Executive Chairman and to its Board of Directors. Andrew was Chief Executive Officer of LexisNexis Group from 2000 until December 2010, and served on the board of Reed Elsevier for 11 years. He serves on the Board of Directors of TransUnion, Cott Corporation, Interactive Data Corporation, ACAMS, and other companies and not-for-profit organizations.

As Executive Chairman, Andrew will be integral to Scribestar’s development and growth strategy,” said Rob Westmacott, Chief Executive Officer. “His expertise in growing global professional information and technology businesses serving the legal industry fits perfectly with Scribestar’s products and target markets. Andrew’s decision to join our board, and to invest in the Company, is testament to the significant opportunity that Scribestar has to serve legal markets in the UK, US and globally.”

The Company also announces the appointment of Greg Lunn as Chief Operations Officer and a Director effective April 1st 2014. Greg was previously general counsel and Company Secretary of Lancashire Holdings Limited (LSE ticker: LRE). “Greg has many years’ experience in editing and compiling complex legal documents including capital markets transactions and knows at first-hand how inefficient and costly this process currently is. He is a significant addition to our executive team and will help us to define the product development roadmap so that it synchronises more with the needs of our customers. Greg’s attention to detail and experience in successful execution will be of paramount importance to Scribestar,” said Mr Westmacott.

The Company’s Board now consists of the following eight executive and non-executive members, who together bring to Scribestar many years of experience in the successful launching and running of international businesses:

Name   Position   Brief history
Darryl Green Non-Executive Director A trained lawyer, a co-founder and the Chief Governance Officer of Ethoca, a business headquartered in Canada focused on delivering a secure network for card issuers and online merchants internationally
David Krucik Non-Executive Director The Managing Partner of the UK office of OC&C, a global strategy business
Greg Lunn Chief Operating Officer Formerly General Counsel and Company Secretary of Lancashire Holdings Limited, a publicly traded insurance and reinsurance Group listed on the London Stock Exchange
Tim Macready Non-Executive Director The Chief Executive Officer of Skillcapital, a global executive recruitment firm
Andrew Prozes Executive Chairman Former Chief Executive Officer of LexisNexis Group and past member of the Board of Directors of Reed Elsevier, now actively involved in private equity
Adam Shaw Interim Chief Financial Officer A trained accountant and Partner at Mansfield Partners in London, with experience working on many international and UK acquisitions, sales processes and business funding programmes
Mason Slaine Non-Executive Director The Executive Chairman of Interactive Data Corporation, a company which provides financial market data. Active in private equity
Robert Westmacott Chief Executive Officer Over 20 years’ experience providing legal and banking support services to capital markets transactions via Merrill Corporation, RR Donnelly and formerly Bowne

For more information please visit the Company’s website at www.scribestar.com.

About Scribestar - Scribestar was founded in London in 2009, and is a SaaS provider of editing and review application tools for lawyers focusing on secure collaboration. Initially Scribestar is targeting the Capital Markets sector and will provide automated solutions for a variety of transaction types including class 1 circulars, and prospectuses aimed at Equity and Debt financings. The Company has had a long standing development partnership with three top rated law firms, and is now working with a further fifteen “big law” firms on the commercial product. A launch of the application is planned for the summer of 2014. Scribestar will serve law firms, as well as investment banks and corporate counsel and has developed, in concert with the aforementioned law firms, special features that optimize the prospectus drafting and filing process for all capital market transactions.

© 2014 Scribestar. All other brand names are trademarks of their respective companies.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
"Calligo is a cloud service provider with data privacy at the heart of what we do. We are a typical Infrastructure as a Service cloud provider but it's been designed around data privacy," explained Julian Box, CEO and co-founder of Calligo, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
Transformation Abstract Encryption and privacy in the cloud is a daunting yet essential task for both security practitioners and application developers, especially as applications continue moving to the cloud at an exponential rate. What are some best practices and processes for enterprises to follow that balance both security and ease of use requirements? What technologies are available to empower enterprises with code, data and key protection from cloud providers, system administrators, inside...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the tec...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...