CIT Communications and Technology Finance provided a $23 million senior secured credit facility to Lighthouse eDiscovery, a provider of technology-enabled ediscovery services.

“Ediscovery is the process by which electronic data is collected, secured and searched prior to being submitted as evidence in litigation or by governmental request. We assist clients in their ediscovery process by minimizing the amount of digital files required to be reviewed prior to evidence submission,” said Brian McManus, CEO of Lighthouse eDiscovery. “This financing will help advance our financial objectives and facilitate the growth of our UK office, a key part of our strategy. CIT’s experience in financing technology companies proved helpful throughout the transaction process and we look forward to working with CIT again.”

Lighthouse is a portfolio company of New York-based private equity firm Spire Capital. The financing will support a recapitalization of the company and the growth of its UK operations. Financing was provided by CIT Bank, the principal bank subsidiary of CIT. Terms of the transaction were not disclosed.

“Lighthouse is a leader in enterprise-focused, technology-enabled ediscovery and competes favorably against larger, less flexible organizations and small, regional providers,” said Tom Westdyk, group head and managing director of CIT Communications and Technology Finance. “We are glad that we were able to work with Lighthouse for the first time, and again with Spire Capital, to bring our financial expertise to bear on this growing sector of the technology market.”