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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, July 10, 2015
BY GREGG MORRIS
Rita Hansen aims to scale natural gas vehicle innovation.
Monday, August 03, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
You may have noticed the photos of our rural health innovators departed from the typical Oregon Business aesthetic.
Wednesday, July 15, 2015
We asked readers to weigh in on the fossil fuel-green energy equation.
Friday, July 10, 2015
BY JACOB PALMER
Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.
Friday, August 21, 2015
Renee Spears, founder and owner of Portland-based Rose City Mortgage, is hot to trot to sell pot.
Thursday, August 20, 2015
BY JOE CORTRIGHT
We get the education we deserve.
Friday, August 14, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
17 airlines make stops at Portland International Airport, but not all are created equal when it comes to customer service.
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For good or ill, gay marriage inspires many people. They have strong feelings about it. Sometimes those strong feelings are grounded in religion and sometimes they are not. When the workplace is added to the mix, emotions tend to run high. After giving an overview of two current situations, The Bullard Edge is going to outline three key points for consideration and clarity.
Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
Attendance, breakfast buffet, materials, certificate of attendance and parking are all complimentary on behalf of the firm.
New regulations are in effect and more updates are on the horizon, are you prepared?
The Oregon Entrepreneurs Network (OEN) is pleased to announce 16 finalists — from over 60 nominees — for the 2015 OEN Tom Holce Entrepreneurship Awards.