Beaverton software company lands ‘hundreds of millions’ in new funding; targets IPO next year


Beaverton legal software company Exterro said Monday that a new round of investment has pushed the company’s valuation above $1 billion. CEO Bobby Balachandran said backers had put “hundreds of millions of dollars” into the business and that he hopes to take the company public next year.

“This is a good time for us to scale up, really fast,” Balachandran said.

Exterro’s software facilitates “e-discovery” – scouring and preserving electronic records for litigation, investigation or regulatory compliance. The company, which dates its founding to 2008, has 600 employees. That includes 58 at its Beaverton headquarters.