Intelliteach Recapitalizes with BV Investment Partners
ST. LOUIS, Feb. 8, 2019 /PRNewswire-PRWeb/ -- Intelliteach, the leading global provider of intelligent outsourcing solutions in the legal industry, announced today that it has recapitalized with BV Investment Partners ("BV"), a middle-market private equity firm focused on the business services, software and IT services sectors. Intelliteach is the seventh investment in BV's ninth fund, which has $750 million of committed capital.
Headquartered in St. Louis, with offices in Atlanta, London, Toronto, and Goa (India), Intelliteach serves over 300 law and accounting firms globally. Intelliteach specializes in IT help desk support, IT Managed Services, App Development, Infrastructure, Engineering and Legacy Software Support, Managed Financial Services (including e-billing processing and Accounts Receivable Management) and Training and Education through its eLearning system called SkillBuilder. Intelliteach's managed IT and financial offerings are augmented with proprietary software platforms that support a data driven service delivery model. Intelliteach's clients on average have experienced a 10X return on their investment and/or reduced overall operating expense by more than 30%, all while improving quality of service which is available 24/7, 365 days a year.
Seelin Naidoo, Chief Executive Officer of Intelliteach, said, "for over 20 years Intelliteach has served as a trusted, long-term partner for its clients, helping law and accounting firms solve their complex IT and financial services challenges. We are excited to have BV's assistance in enhancing our current service offerings and develop new services to offer additional value to our customers, employees and industry. The market for our outsourced technology and business processes is still vastly underpenetrated, so we are excited to begin our next chapter with BV."
Matt Kinsey, Managing Director of BV, said, "Intelliteach has positioned itself as a trusted adviser through its technology enabled service offerings. Seelin and his team have built a business that delivers unique value to its customers, and we're thrilled to be backing them in the recapitalization of the business. We're looking forward to supporting the team's growth strategy in any way we can, and believe our deep industry experience base and network can be applied to help Intelliteach continue to scale organically as well as through acquisitions."
Mike Bryant, an industry expert and current Chairman of the legal process outsourcing business, HaystackID, will also be joining the board of directors. Mr. Bryant has a long track record of success in the legal outsourcing market and will provide strategic guidance and support with various growth initiatives.
"We are investing in a business with exceptional fundamentals, supported by long-term industry tailwinds, and backed by a management team who we believe in." said Jason Kustka, Principal of BV. "We think that Intellitech is only at the beginning stages of its evolution and look forward to helping management take advantage of an attractive market opportunity."
About Intelliteach
Intelliteach is the leading global provider of intelligent outsourcing solutions to more than 300 firms in the legal and accounting markets. With focus on providing secure, scalable solutions enabled by best in class technology platforms our multi service solutions help to position law firms for financial success by allowing them to emphasize long-term practice growth strategies and transformative law practices. See what's next with Intelliteach at http://www.INTELLITEACH.com.
About BV Investment Partners
BV Investment Partners is currently investing its ninth private equity fund. The firm is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $3.3 billion, actively targeting investments in the business services and information technology services industries. For more information, please visit http://www.bvlp.com.
SOURCE Intelliteach
