Inventus Posts Fourth Consecutive Quarter of Record Growth Seventy Five Percent Year-Over-Year Increase as Result of Proven Discovery Management Solutions
DALLAS, Oct. 27, 2011 /PRNewswire/ -- Inventus, LLC, a cloud computing and SaaS provider of e-Discovery document review and information management software, has closed financials for the third quarter in 2011 and has posted its fourth consecutive record quarter. Inventus' YTD revenue is up 75 percent year over year and third quarter revenue was up 50 percent over the second quarter this year. Earnings are also up proportionally.
"Our revenue growth continues to outperform the market by a wide margin and we expect that trend to continue," said Trevor Campion, CEO of Inventus. "Our proprietary workflow solutions integrating the best software platforms on the market are delivering immense value to our customers and significantly driving down the cost of discovery. As we look forward, we intend to continue delivering leading edge solutions to our customer base and are busy now reinvesting in all of our platforms to enhance our offering."
Inventus attributes the success to proprietary, innovative workflows and pricing models that are decreasing the cost of e-discovery and document review by as much as 60 percent for its clients. "Our team has been successful in creating real value for our clients in the form of cost savings and that value is translating into more business opportunities for the company," said Campion.
"This year's growth has allowed us to make key reinvestments back in the business in both technology and human resources that help to further differentiate Inventus from the competition," said Rod Roberson, Managing Director and General Counsel of Inventus. The company was recently recognized as a Relativity "Best in Service" provider and Certified Reseller and has recently licensed Equivio to begin incorporating email threading and predictive coding into its review workflows.
"Our focus continues to be on building forward-thinking solutions to make the process more efficient and cost-effective. We have become an industry leader by successfully executing on that objective," said Campion.
About Inventus, LLC
Through a combination of technology, talent and process, Inventus provides a broad range of discovery solutions and related services to major law firms and corporate legal departments across the U.S. including Web hosting, electronic data discovery, enterprise software sales and document imaging. Inventus is closely linked to its sister companies in the shareholder portfolio, which include BMI/Imagenet and Digital Media Warehouse, and represents over $80M in combined revenues. For more information, please visit www.inventus.com and www.imagenetamerica.com.
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SOURCE Inventus, LLC