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Litigation Support: Litigation support industry business news and information
Catalyst Receives $32 Million Equity Investment
By Brad Jenkins
Catalyst has been a leading provider of e-discovery software and services for more than a decade. Based in Denver, the company has over 140 experienced litigation and technology professionals located around the world. It provides proprietary grid-based document repositories and case-collaboration systems designed to cost-effectively handle the world?s largest legal matters, from multi-language e-discovery to multi-party litigation and regulatory matters.
Catalyst?s revenue grew 31% in 2011 and is projected to grow another 34% this year. In 2010, the company launched an Asia division to better serve its clients there backed by a full-featured, state-of-the-art data center in Japan to meet the needs of clients throughout the Asia-Pacific region. Over the past decade, the company has repeatedly been named as one of the fastest growing private companies by such organizations as Inc. 5000 and the Deloitte Fast 500.
?We are highly enthusiastic about partnering with Catalyst, given the significant achievements and momentum of this company, ?said Eric Byunn, FTV partner and new Catalyst board member. ?Catalyst?s long-tenured, proven management team has built a differentiated, proprietary technology offering that has attracted an impressive client base of blue chip companies and large law firms. Global demand for e-discovery is huge and growing rapidly, and Catalyst is well-positioned to capitalize on this multi-billion dollar market.?
?FTV?s new investment represents a powerful endorsement of Catalyst?s accomplishments and strong outlook, bolstered by the continued support from our initial investors, who have retained a stake in the company,? said John Tredennick, CEO of Catalyst. ?FTV brings domain expertise and a strong network of industry contacts which will help contribute to Catalyst?s continued strong growth, especially as we expand into new markets.?
?We have worked with this management team since our initial investment in 2005 and are proud of the growth Catalyst has achieved,? said Tyler Newton, a partner at Catalyst Investors and former Catalyst board member. ?Management?s vision and the company?s capabilities will enable it to continue to attract enterprises and law firms worldwide who are looking for an e-discovery solution with speed, scalability and features that attack complex legal issues.? Catalyst Investors is selling the majority of its ownership in Catalyst in conjunction with this transaction.
Moelis & Company acted as exclusive financial advisor to Catalyst and its shareholders.
Full post as published by Litigation support industry business news and information on April 13, 2012 (boomark / email).
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