Digital Forensics Professionals Inc., a Tulsa, Okla.-based provider of computer investigative services, has raised $1 million from Mimosa Tree Capital Partners.
Digital Forensics Professionals Inc., one of the nation's leading providers of computer investigative services, today announced the signing of an agreement with Mimosa Tree Capital Partners, LLC that includes a $1 million investment in the Tulsa-based firm.
“DFP has seen tremendous growth over the last five years. This investment allows us to not only expand into new markets, but also to empower our current and future clients to make critical decisions with the help of our services,” said Gavin W. Manes, president and director of research for DFP.
Digital forensics is the process of investigating and retrieving information from a variety of electronic devices, including computer hard drives, cell phones, file servers and e-mail servers. The market for DFP's investigative services is approximately $2.5 billion dollars and growing due to the increased use of electronic documents in the corporate and legal industries. The firm attributes the majority of its growth to recent changes to the Federal Rules of Civil Procedure, which set guidelines for attorneys to properly handle electronic evidence.
“Digital forensics is an exciting field with a lot of innovation ahead,” said P. Vincent LoVoi, managing partner of the investment group. “It impacts individual rights, government security, business strategies and our legal system.”
DFP began seeking financing near the end of 2007 by meeting with a variety of investors through The University of Tulsa's Board of Trustees Technology Commercialization Committee. In addition, the company participated in several venture capital conferences.
DFP plans to use the funding to expand its services to additional metropolitan areas in the region and add to its staff this fall.
Since 2003, DFP has worked to provide a competitive advantage to the business and legal communities by adhering to the highest standards of quality, confidentiality and diligence in the field of digital forensics. The firm's specialists use proven procedures to investigate, monitor and retrieve information from electronic devices.
DFP's team of experts possesses more than 40 years of combined experience and holds certifications from a variety of institutions, including the