JLL Partners created a platform to invest in information governance and risk mitigation called Breakwater Solutions to provide consulting, software and managed services for information governance, disputes and investigations, regulatory compliance, privacy and cybersecurity. JLL is partnering with James Schellhase, who previously led the IBM software portfolio offered by Breakwater, and Jim Vint, former technology practice lead at Ankura and Navigant Consulting.
JLL Partners (“JLL”), a New York-based private equity firm, has launched an information governance and risk mitigation platform called Breakwater Solutions (“Breakwater” or the “Company”). Breakwater provides consulting, software, and managed services designed to address the information governance, disputes and investigations, regulatory compliance, privacy, and cybersecurity challenges faced by enterprises.
JLL partnered with an executive team including James Schellhase, who previously led the IBM software portfolio now offered by Breakwater, and Jim Vint, former Technology Practice Lead at Ankura and Navigant Consulting, to create a platform that combines specialty consulting with software technology from IBM.
“We have brought together experienced consultants and advanced software designed to help public and private companies mitigate risk, improve productivity, and increase profitability,” Breakwater CEO and former IBM executive James Schellhase said. “We use statistical sampling and AI data segmentation to help organizations ‘know what they know’ and make more confident decisions about how to monitor, organize, and store overwhelming amounts of data.”
Breakwater’s software suite includes IBM StoredIQ®, IBM StoredIQ for Legal, IBM StoredIQ InstaScan, and the IBM Atlas suite of products. Combined with bespoke solutions from the company’s consultants, the software suite provides actionable intelligence that is designed to help company decision-makers address their regulatory, compliance, litigation, and data security issues.
Breakwater’s solutions are designed to adjust data-driven processes, modernize business practices, and assess compliance with global policies and regulations. The company is implementing its software to develop automated solutions that address each client’s challenges. Breakwater’s managed services also help ensure automation is adjusted for new requirements and refined for ongoing operational excellence.
“Breakwater enters a market primed for innovation, with existing providers offering consulting or technology for these business challenges, but are not positioned to combine the two to deliver more effective solutions,” said Brooks Powlen, Managing Director at JLL Partners. “Breakwater’s ability to deliver a solution that marries consulting with powerful, AI-powered software is what made this an easy investment decision for our firm.”
JLL Partners has been a long-time investor in tech-enabled services, and has completed ten platform and add-on acquisitions in the space in the last five years. Breakwater Solutions will serve as the base of a new information governance platform, with compelling opportunities to grow both organically and through M&A.
Breakwater helps enterprises mitigate risk and gain insight from sprawling information by combining technology automation and human expertise. We empower governance, legal, and risk professionals to locate, access, analyze, and manage information by making data transparent and actionable. Our solutions are comprised of expert consulting, AI-infused technology, and ongoing managed services, all of which directly address the myriad challenges within information governance, disputes and investigations, regulatory compliance, privacy, and cybersecurity.
Learn more at www.breakwatersolutions.com.
About JLL Partners
JLL Partners is a middle market private equity firm with over three decades of experience transforming businesses in the healthcare, specialty industrials, and business services sectors. The firm is dedicated to partnering with companies that it can help build into market leaders through a combination of strategic mergers and acquisitions, organic growth initiatives, and operational enhancements. The JLL Partners team is comprised of seasoned investment professionals and operating partners who are focused on driving long-term value creation across its portfolio. Since its founding in 1988, JLL Partners has committed over $5 billion of equity capital across eight private equity funds, with over 50 platform investments and more than 190 add-on acquisitions.
For more information, please visit www.jllpartners.com.