Inventus Posts Record Quarter Forty Percent Increase Year-Over-Year
DALLAS, April 28, 2011 /PRNewswire/ -- Inventus, LLC, a Web hosting and technology solutions provider for major law firms and corporate legal departments, has closed financials for the first quarter in 2011 and has posted its best quarterly result in the company's history. Inventus' sales were up 40 percent over the same period in 2010 and EBITDA was up more than 550 percent. The company grew its data hosting services, as part of the legal document review process, to more than 70 percent of the overall revenue, creating a more stable and predictable revenue stream.
"The first quarter results were fantastic and are even more impressive coming on the heels of the consistently strong revenue growth we experienced in 2010," said Trevor Campion, CEO of Inventus. "The Board is exceedingly pleased with Inventus' performance over the past two years and we are all excited about the future."
Inventus effectively integrated their E-Discovery processing engine with Relativity and has generated incredible efficiencies for clients. They are now able to deliver data into Relativity much faster than competitors and the shortened delivery window is dramatically improving clients' workflow as well as internal efficiencies.
In addition to the E-Discovery integration, Inventus attributes their widespread sales success to their new value proposition which was introduced last year and centered on their key points of differentiation such as offering the best technology available and supporting that technology with the most knowledgeable Project Management team in the industry – all of whom carry law degrees and have extensive technology expertise.
"In 2011 we also saw an increase in data which directly attributed to an increase in the demand for our services," said Rod Roberson, Inventus managing director and general counsel. "In addition to the technology enhancements, we made a large investment in our Project Management team which coincided with realignment in the software partnerships we bring to market."
The combination of licensed software and the middleware they've developed to enhance and combine those platforms coupled with the depth of their knowledge and talent, delivers incredible value to customers.
"That value has made Inventus one of the fastest growing companies in our sector and we expect to remain a leader for the foreseeable future," 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 $65M in combined revenues. For more information, please visit www.inventus.com and www.imagenetamerica.com.
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SOURCE Inventus, LLC