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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 05, 2015
As temperatures in Oregon creep into the 90s this weekend, Oregonians' thoughts are turning to — summer baseball.
Friday, May 15, 2015
BY KIM MOORE | RESEARCH EDITOR
The Portland Bureau of Transportation is seeking input from businesses on a $5.5 million initiative to create a network of biking, transit and pedestrian trails within Portland’s central city.
Friday, May 22, 2015
BY LINDA BAKER | EDITOR
Roy Kaufmann always lands on his feet.
Tuesday, May 26, 2015
BY LINDA BAKER
Spring rains are the bane of an Oregon cherry farmer’s existence. Even a few sprinkles can crack the fruit so badly it’s not worth picking. Science to the rescue: Researchers at Oregon State University have developed a spray-on film that cuts rain-related cracking in half, potentially saving a season’s crop. The coating, patented as SureSeal, is made from natural chemicals similar to those found in the skins of cherries: cellulose, palm oil-based wax and calcium.
Thursday, June 25, 2015
An international architecture firm known for its design of the National September 11 Memorial Museum Pavilion in New York unveiled its plan this week for a modern indoor/outdoor food market at the foot of the Morrison Bridge in downtown Portland.
Friday, May 22, 2015
BY JOE CORTRIGHT
How conservation stimulates the local economy.
Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
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Tonkon Torp helps seed sustainability at Gunderson.
Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
3 Degrees Event Celebrates 5th Year Bringing Nonprofit and Business Professionals Together to Benefit Portland.
Bend energy leader brings passion for efficiency and renewable energy to the nonprofit.
Event in Forest Grove marks recognition of Global Food Safety Initiative Certification.