Diversis Capital Partners invests in Adlib
Adlib, the leader in Content Intelligence Cloud solutions has received a significant growth investment from Diversis Capital Partners, a Los Angeles-based private equity firm focused on software and technology-enabled services organisations.
Brett Mellon, Chief Executive Officer of Adlib, says: “This announcement is a testament to our team’s hard work and the company we have built. As we look to the future, we believe Diversis will be an excellent strategic partner for our business and boost investments in our team and technology as we accelerate our planned growth initiatives in our Content Intelligence Cloud platform for our customers and partners.”
“We are very excited about Adlib’s future and our new partnership with their executive team. Adlib is a proven industry leader with tremendous potential to build on its solid foundation, strong customer-oriented culture and unique value proposition supporting Fortune 1000 organisations,” states Ron Nayot, Managing Partner at Diversis.
Adlib has enabled Fortune 1000 organisations with intelligent data and insights for more than two decades. Harnessing a network of renowned B2B brands and Fortune 1000 customers, Adlib’s Content Intelligence Cloud platform and automation solutions make it easy to discover, standardise, classify, extract, and leverage clean structured data from complex unstructured documents. In doing so, Adlib helps their customers reduce risk, simplify compliance, automate processes, and attain a whole new level of performance.
Joseph Lok, Vice President at Diversis, says: “We view Adlib as a platform with a tremendous technological innovation engine. We will continue investing in the roadmap while further expanding the company’s footprint and geographic reach both organically as well as through partnerships and M&A.”
“As proud founders of Adlib, Scott Mackey and I could not be more excited about this partnership with Diversis to accelerate our growth and capacity to better serve all of our constituents; employees, customers, partners, shareholders and community,” adds Peter Duff, Chief Product Officer and Co-founder of Adlib.