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|Articles - April 2012|
|Thursday, March 22, 2012|
BY LINDA BAKER
Launching a company at the height of the recession requires selling a product customers deem absolutely necessary. That’s one lesson behind the success of Zapproved, a Portland start up that helps companies manage their regulatory compliance obligations. When a firm is involved in litigation, it has to preserve all documents that are potentially relevant to the case, says CEO Monica Enand, who founded Zapproved in 2008. The company’s web-based software, Legal Hold Pro, helps clients keep track of those documents, which now include emails, texts and tweets. “Companies lose millions of dollars and get sanctioned by courts for not following their obligation,” says Enand. Zapproved “took off,” she says, precisely because so many companies must comply with legal hold rules and regulations. Enand declined to reveal gross revenues, but said the company had been “on a pretty steep ramp” in the past nine months, adding six new employees — for a total of 14 — and many new clients, including Hess Energy and the University of Pittsburgh Medical Center. As part of its marketing strategy, the company produces white papers, webinars and blog posts explaining regulatory compliance minutiae. What’s the next step? “The product has been accepted by the market,” Enand says. “Right now, it’s all about scaling sales.”
During the early months, Enand funded Zapproved out of pocket. There was a $1 million angel round in October 2009, and a second A round for $1.5 million in late 2010. Investors include TriQuint chair Steve Sharp, Steve Wynne, former president of Adidas, and Steve Singh, CEO of Concur Technologies.
“Portland is an amazing place to start a company,” says Enand. “There are a decent number of successful CEOs, not just to give you money but their learning.” The downside: “I’ve had a tough time hiring developers. There aren’t a lot of big companies that would be early adopters, so you have to go elsewhere for that.”
Friday, June 06, 2014
BY KATIE AUSBURGER | OB GUEST CONTRIBUTOR
How to build a hipster-friendly work environment.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Friday, May 30, 2014
BY DEBRA RINGOLD | OB GUEST CONTRIBUTOR
Since 1970 the performance of our public education system has steadily deteriorated.
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
Monday, June 16, 2014
The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.
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