Ipro announces investment from ParkerGale Capital

TEMPE, Ariz., April 25, 2017 -- Ipro Tech, a global leader in the development of advanced eDiscovery software solutions, announced today that it has received a substantial investment from technology private equity firm ParkerGale Capital.  Terms of the transaction were not disclosed.

Ipro’s Automated Digital Discovery workflow platform (ADD) helps customers organize, process, review and produce litigation data of vast sizes and complexity. The revolutionary platform enables corporations, law firms, and litigation service providers to manage eDiscovery more efficiently and cost-effectively than ever before.

“Ipro fits our description of an ideal situation perfectly,” commented Ryan Milligan, Partner at ParkerGale.  “Our extensive market research shows that multiple customer segments are hungry for an alternate solution.  Ipro’s product offering is in a prime position to expand across those segments.  All credit goes to Kim Taylor, CEO, and the outstanding team he has assembled.  We look forward to working together.”

“I’m excited to enter this next phase of growth and innovation at Ipro,” said Ipro President & CEO Kim Taylor.  “We’ve succeeded as a bootstrapped operation up until now and are thrilled about the prospect of new ownership with the resources and expertise ParkerGale brings to our Board.  Their acquisition is an affirmation that the {I-proclamation} journey we embarked on four years ago was the right course to navigate in delivering what our customers need.”

Taylor continued, “Being part of the 28-year run of Jim King and Greg Horne has been an honor and a privilege.  Their contributions are felt wholeheartedly throughout our organization and they will truly be missed.  A new chapter has begun and we are jumping in with both feet.”

Ipro is also pleased to announce that Mike Suchsland, former President, Legal Business at Thomson Reuters has agreed to join the Board.  “Kim and Ryan asked me if I’d be interested in getting involved with Ipro.  I was completely blown away by Kim and his team, a group of dedicated professionals with incredible experience and passion for the eDiscovery business.”

Growth plans for Ipro include increased investment across all departments, including new functionality for its ADD platform and additional products that serve the legal industry as well as targeted acquisitions.

Ipro and ParkerGale would like to extend special thanks and appreciation to Brock Matthias and his colleagues at VRA Partners as well as counsel both from Osborn Maledon, P.A. and Kirkland & Ellis LLP.

About ParkerGale

ParkerGale Capital is a small private equity fund based in Chicago that buys profitable, founder-owned software and technology-enabled services companies where the firm’s operating resources can have a meaningful impact. ParkerGale also hosts the private equity industry’s only podcast, the PE FunCast on iTunes and Google Play. For more information, please visit www.parkergale.com

About Ipro Tech, LLC

Founded in 1989, Ipro is a global leader in the development of advanced eDiscovery software solutions. Ipro’s ADD Automated Digital Discovery workflow platform helps customers organize, review, process and produce litigation data of vast sizes and complexity — more efficiently and cost-effectively than ever before. To learn more visit iprotech.com. To schedule a private demonstration, email [email protected]

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