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.