LONDON, March 26, 2015 /PRNewswire/ --
Establishes UNIFIED as a Leading, Global Legal Process Outsourcing Platform
UNIFIED, a leading provider of eDiscovery and managed review services to Fortune 1000 corporations, global law firms, and government agencies operating across Europe today announced it has been acquired by Inventus Solutions, Inc. ("Inventus" or the "Company"), a leading U.S. based eDiscovery and managed services provider backed by Clearlake Capital Group, L.P. ("Clearlake"). Financial terms of the transaction were not disclosed.
Inventus' strength and depth in the U.S., coupled with UNIFIED's footprint across EMEA and APAC, creates an international, full legal process outsourcing ("LPO") solution with the capability of servicing target clientele operating in multiple jurisdictions across the globe. Appealing particularly to law firms and general counsel needing to manage complex, multi-jurisdictional matters, the companies will pool their industry leading methodologies, proprietary technologies and resources to promote innovation and best practices across their respective portfolios.
The two companies share a common client-centric, outcomes-based approach and a track record of technical excellence, both achieving kCura Relativity's Best in Service accolade four years running. The companies will have over 220 employees operating around the globe.
Commenting on the alliance, Paul Mankoo, CEO of UNIFIED, said: "We have built a reputation for solid quality and service delivery over the years and through this transaction we now have the additional financial backing from Clearlake, substance and added operational reach that clients increasingly demand to support them globally. It is a highly complementary and welcome partnership: we both operate as consulting practices focused on achieving optimum outcomes through the intelligent application of thought and technology. Together we can leverage our global reach to seamlessly manage our clients' needs."
"We are excited to partner with the Unified team and look forward to building on the impressive growth and execution capabilities achieved to date. We are committed to expanding the global reach of our platform as we continue to focus on providing our clients with a best in class, one stop solution for all phases of the legal discovery process," added Trevor Campion, CEO of Inventus.
Unified's leadership team will join the Inventus management team led by Trevor Campion. Unified's operations will continue to be led by Paul Mankoo and Noel Kilby who join the Company as President of Inventus International and Chief Technology Officer, respectively.
"With our likeminded culture of excellence and a rigorous approach to client care and management of projects, we will be able to deliver faster, better, more cost-effective solutions across our respective territories and beyond," added Kilby.
"Inventus and Unified have tremendous foundations as leaders in the eDiscovery sector and broader LPO market in the United States and Europe, respectively. Unified has a stellar reputation for consistently providing robust execution on highly complex litigation and regulatory matters which makes it a great fit for Inventus," said Behdad Eghbali and Prashant Mehrotra of Clearlake. "The European eDiscovery and managed review markets are growing tremendously and we believe this acquisition uniquely positions Inventus as a leading LPO platform in the global market," added Clearlake.
GE Capital's Telecom, Media and Technology team provided financing to support the transaction.
Founded in 2009, Unified is a leading provider of eDiscovery and managed review services to leading corporations, law firms and government agencies operating across Europe. Unified is headquartered in London, England. Focusing on the full spectrum of litigation and corporate support services, UNIFIED helps its elite law firm and multinational corporate client base manage risk and reduce cost. Its end-to-end process spans advice in managing harvestable data, forensic collection and the processing of both electronic and paper sources through conducting the document review and production process. With an average industry tenure of 12 years, UNIFIED's experts achieve a deep understanding of client requirements and bring a fresh "outcome-based" approach which translates into always meeting clients' requirements and enabling them to execute their matters in the most efficient, practical and cost proportionate manner.
Inventus is one of the largest discovery management practices in the US, focused on helping clients reduce the costs and risks associated with the discovery process. Since 1991, it has been providing litigation support services to law firms, corporate legal departments and government agencies. Inventus currently has over 150 employees operating in 13 cities across the United States, with operational headquarters in Chicago. For more information, go to http://www.inventus.com .
About Clearlake Capital Group
Clearlake Capital Group, L.P. is a private investment firm focused on special situations and private equity investments such as corporate divestitures, recapitalizations, buyouts, reorganizations, turnarounds and other equity investments. Clearlake seeks to partner with world-class management teams by providing patient, long-term capital and operational expertise to invest in dynamic businesses. Clearlake currently has approximately $1.4 billion of assets under management. Throughout their careers, Clearlake's senior investment professionals have led over 70 investments totaling more than $3 billion of capital in sectors including automotive, business services, consumer products/retail, defense/public safety, energy/power, industrials, and technology. More information is available at http://www.clearlakecapital.com.