SOURCE: Clearwell Systems

Clearwell Systems

November 23, 2009 09:00 ET

Clearwell Systems' Anup Singh Recognized as CFO of the Year

CFO of Leading E-Discovery Company Acknowledged for Role in Increasing Revenue Eightfold, Bringing Business to Profitability, and Expanding Fortune 100 Customer Base

MOUNTAIN VIEW, CA--(Marketwire - November 23, 2009) - Clearwell Systems, Inc., a leader in intelligent e-discovery, today announced that its chief financial officer Anup Singh was honored as the2009 CFO of the Year in the Venture-Backed Company category presented by Robert Half Management Resources and the Silicon Valley Business Journal.

Awards were presented across five categories to Silicon Valley-based financial professionals for outstanding performance in their roles as corporate financial stewards.

Singh has more than 18 years of strong financial leadership with global companies and his duties at Clearwell extend far beyond those of a traditional financial executive. Singh has been instrumental in fostering Clearwell's open, transparent culture, developing a coaching and mentoring system for employees. He has worked closely with the executive team in developing Clearwell's customer base of 350 clients and has negotiated major contracts with many of the company's Fortune 100 customers. Additionally, Singh has installed key accounting and auditing processes that have helped to attract investors and customers to the company.

"Anup has been absolutely essential to the success that Clearwell has seen over the past year -- he has proven to be a true partner to myself, the board and the executive team at Clearwell," said Aaref Hilaly, president and CEO of Clearwell. "It's fantastic to see his hard work and leadership recognized and we congratulate him on this impressive win."

Between 2006 and 2008, revenue at Clearwell increased eightfold. This year it is expected to increase another 200 percent. The company is profitable, debt free, cash flow positive and has grown from 35 to 100 employees, with significant headcount expansion planned in 2010.

About Clearwell Systems

Clearwell Systems is transforming the way enterprises and law firms perform electronic discovery (e-discovery) in response to litigation, regulatory inquiries, and internal investigations. The Clearwell E-Discovery Platform automates the processing, analysis, review, and production phases of e-discovery via a single, integrated product. Leading organizations such as Constellation Energy, Cisco, DLA Piper, Johnson & Johnson, Toyota, and the Department of Homeland Security / Office of Inspector General are using Clearwell to accelerate early case assessments, intelligently cull-down data, increase reviewer productivity, and ensure the defensibility of their e-discovery process. Consistently ranked as a leader in independent industry surveys and reports, Clearwell Systems is an active participant in the Electronic Discovery Reference Model (EDRM) Project and The Sedona Conference. For more information, visit, follow us on Twitter at, or subscribe to the E-Discovery 2.0 blog at

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