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
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...