Clearlake Capital Group has acquired Inventus, an electronic data discovery (EDD) solutions provider to law firms, Fortune 1000 corporations and government agencies.
Clearlake led the investment group, which included the Inventus management team and Cerca Group, a private investment firm based in New York City. Terms of the transaction were not disclosed.
Inventus is a national provider of end-to-end EDD services and solutions, offering efficient, customised workflows and best-of-breed technology to meet the specific needs of each of its clients.
Inventus will remain headquartered in Chicago and Trevor Campion will continue to lead the company as its chief executive officer.
"Clearlake and Cerca Group share our vision for accelerating growth by capitalizing on what we believe is a very robust market opportunity," says Campion. "Both firms have distinguished track records of creating value through growth and acquisitions within their portfolio companies. Together, I am confident that we will continue to advance Inventus’ successful track record of delivering leading technology solutions to meet the unique eDiscovery needs of our customers."
"We are excited to partner with Inventus at this important time in the company’s growth trajectory," say Behdad Eghbali and Prashant Mehrotra of Clearlake. "The company’s clear leadership position in the EDD market makes it an excellent platform to lead consolidation in the industry. We look forward to working closely with Inventus and to investing significant capital to build out a global platform that continues to deliver best in class solutions to our clients."
VRA Partners advised the sellers in the transaction.
