PSS Systems, data retention software co., raises $5M in debt

PSS Systems, a Mountain View, Calif. company that helps businesses comply with legal regulations on data retention laws by offering so-called “legal holds and retention management” software, has raised $5 million in debt.

Hercules Technology Growth Capital said it was among those providing the debt. PSS has previously been backed by Azure Capital Partners, Lightspeed Venture Partners and others.

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