Clearlake Capital Group bought Chicago-based Inventus today. No financial terms were disclosed. The investment firm led the group which included Cerca Group, a New York based private investment firm, and the management team of Inventus. VRA Partners were the chosen advisers of the sellers.
Inventus is a leading EDD (electronic data discovery) solutions company which serves law firms around the world, including Fortune 1000 companies and government agencies.
Clearlake's Behdad Eghbali and Prashant Mehrotra said that their company is "excited to partner with Inventus at this important time in the Company's growth trajectory. 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."
Inventus will remain in its Chicago office. Trevor Campion will also continue to be the company's Chief Executive Officer.
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