VRA Advises Modus on its Sale to Repario
VRA is pleased to announce that Modus eDiscovery Inc. ("Modus" or the "Company"), a
portfolio company of Azalea Capital ("Azalea"), has completed a strategic sale
to Repario, a portfolio company of JLL Partners ("JLL"). VRA acted as the
exclusive financial advisor to Modus. Terms of the transaction were not
disclosed.
Modus is a leading
electronic discovery ("eDiscovery"), data governance and digital forensics
company serving law firms, corporations and government entities in their
litigation support needs. Modus' leading technology and security approach
allowed it to achieve FedRAMP authorization and provide customers with service
delivery at the highest industry standards.
"VRA's guidance was critical
to navigating various components of the sale process for both the Company and the
ownership group. Their experience in the legal services industry was valuable
in helping articulate Modus' unique business model and differentiation to the
market. They did a great job of advising
the Modus team during each stage of the transaction," said Ben Wallace, Partner
at Azalea Capital.
Repario, a new eDiscovery
and digital forensics company, has integrated four eDiscovery service
providers, Teris, Modus, Elijah, and Meta-e, to scale their dedicated levels of
client service. Repario's experienced professionals possess the expertise and
knowledge to handle every aspect of eDiscovery, from data collection and
processing to document review and production. Utilizing the latest technology
and tools, Repario ensures that all data is processed quickly and accurately
while state-of-the-art security measures protect sensitive information.
"The Modus team, backed by
Azalea, developed a differentiated, scalable offering which, in combination
with the Company's customer service focused culture, was delivering results to
a strong base of repeat customers. The Repario team and platform was a perfect
fit to assist the Company in expanding these competencies and to further grow
the business. We are excited to see what they will accomplish in partnership together,"
said VRA Managing Director, Brock Matthias.
Modus
Modus, headquartered in Cary, NC, provides law firms, corporations, and government entities industry-leading technology solutions encompassing all phases of the litigation lifecycle. Modus is a client-focused, results-driven team of consultants, project managers, data engineers and developers whose combined knowledge of the legal industry and information systems provide an incomparable ability to design tailored solutions for every case. Learn more at www.discovermodus.com.
Azalea Capital
Azalea Capital is a private
investment firm headquartered in Greenville, SC. Azalea partners with entrepreneurs,
management teams, and family-owned companies by providing investment capital
and operating expertise to enhance the long-term value and growth prospects for
each investment. Azalea's primary focus is to invest in companies located in
the Southern and Midwest regions of the U.S. Learn more at www.azaleacapital.com.
Repario
Repario is a global, end-to-end eDiscovery service team. The platform offers a comprehensive suite of services to help its clients navigate the complex world of electronic discovery. Repario's experienced professionals have the expertise and knowledge to handle every aspect of eDiscovery, from data collection and processing to document review and production. In addition to its technical expertise, Repario offers various consulting services to help its clients develop and implement effective eDiscovery strategies. Learn more at www.repariodata.com.
JLL Partners
JLL Partners is a middle
market private equity firm with over three decades of experience transforming
businesses in the healthcare, specialty industrials and business services
sectors. The firm is dedicated to partnering with companies that it can help
build into market leaders through a combination of strategic M&A, organic
growth initiatives and operational enhancements. Since its founding in 1988,
JLL Partners has committed over $5.8 billion of equity across eight funds, with
over 55 platform investments and more than 210 add-on acquisitions. Learn more at www.jllpartners.com.