Monday, August 22nd, 2011
Ninety Percent Year-Over-Year Increase as Result of Proven Data Hosting Services for Legal Companies
DALLAS, Aug. 4, 2011 /PRNewswire/ — Inventus, LLC, a Web hosting and technology solutions provider for major law firms and corporate legal departments, has closed financials for the second quarter in 2011 and has posted its best quarterly results in the company’s history. Inventus’ sales were up 90 percent over the second quarter of 2010 and EBITDA increased more than 20 times. Inventus continued the record-breaking sales growth the company experienced in the first quarter of 2011.
“The second quarter sales results were excellent, beating out our record-breaking first quarter results by 40 percent and showing dramatic growth over the same period last year,” said Trevor Campion, CEO of Inventus. “Each quarter, our financial performance strengthens and we expect the growth to continue.”
Inventus attributes the success to expanding sales of electronic discovery solutions to existing clients, and a rapidly expanding customer base as new clients are introduced to Inventus’ offerings. The company recently launched inVerito, an early case assessment workflow and pricing model that can decrease the cost of review by 60 percent and process data seven to ten times faster. Inventus has also focused on sales of cloud-based document review and has begun offering its technology under a SaaS model that many firms are finding very appealing.
“Once legal teams discover the value of our offerings, they often integrate our products and services into their regular discovery process,” said Rod Roberson, managing director and general counsel of Inventus. “As our company grows, it has become increasingly important to offer flexible models for service and pricing to meet each client’s needs.”
The company has grown along with an increased demand for electronic discovery solutions over the past few years.
“Staying ahead of the technology curve allows Inventus to create legal discovery solutions that help us remain a leader in the industry,” said Campion.