Wednesday, January 12, 2011

IVIZE Services, Inc. Secures New Growth-Oriented Investors

CHARLOTTE, NC – Ivize Services, Inc., an industry leader in litigation support services, announced that Azalea Capital, along with Ivize CEO Ron Self and CFO Mark Marmon, led a recapitalization of the business to accelerate future growth. “This strong financial support will allow us to pursue several growth initiatives and further differentiate the Ivize service offerings in our 14 regional markets,” said Ron Self, president and CEO. “Our 3,000 clients can remain confident that Ivize will continue to serve their litigation support needs and develop innovative, insightful, and informative solutions.”

With this new capital investment, Ivize will strengthen its capability to locally deliver superior electronic discovery, processing, and hosting services, while maintaining excellent support for its clients’ paper-based imaging needs. “We want Ivize to be the preferred one-stop local supplier for the entire spectrum of data discovery services,” added Self.

Azalea Capital is a private equity firm based in Greenville, SC. “Azalea Capital invests in well-managed companies that are committed to growth and excellence,” said Patrick Weston, managing partner of Azalea Capital. “We are impressed by the Ivize management team’s bold vision, its strong market position, and reputation for quality service. We see potential for growth of the e-Discovery market.” The recapitalization of Ivize was also supported by Harbert Mezzanine Partners of Nashville, Tenn., and Fifth Third Bank of Charlotte, NC.

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