Shamrock Capital Advisors is acquiring a majority stake in Consilio. Symphony Technology Group is the seller. Consilio’s management team, which is staying in place, is also investing. Washington D.C.-based Consilio provides eDiscovery and Document Review Service for law firms and corporations.
WASHINGTON, D.C. (PRWEB) AUGUST 03, 2015
Consilio, a global leader in eDiscovery and Document Review Services, has announced a new partnership with Los Angeles-based private equity firm Shamrock Capital Advisors. Under the terms of the partnership, Shamrock will take a majority position in Consilio and current owner Symphony Technology Group will divest its position. Consilio’s management team will remain in place and also invest alongside Shamrock.
As an industry leader in handling complex, multi-jurisdictional matters across its offices in Europe, Asia and the Americas, Consilio experienced tremendous growth during Symphony’s four years of support. The Shamrock partnership will enable Consilio’s management team to make significant investments in its operations and technology to deliver a superior service experience to its clients.
“We have had an extremely successful relationship with the Symphony Technology Group team,” said Andy Macdonald, CEO of Consilio. “Our clients have benefitted tremendously from the improvements we have made in our delivery capabilities, geographic presence and technology. We are eager to build on this strong foundation with Shamrock and continue our high-growth trajectory.”
“Shamrock is excited to add Consilio to our portfolio of sector-leading companies,” stated Shamrock Capital Advisors Partner Andy Howard. “Our team has been evaluating companies in the eDiscovery and Document Review Service space for some time, and it has been inspiring to get to know the stellar team at Consilio. Their strategic vision, global capabilities, track record of delivering strong results and commitment to serving clients and employees is exemplary. We are confident this partnership will create significant value for Consilio’s clients and team members.”
“We couldn’t be more pleased for the team at Consilio,” stated Romesh Wadhwani, Chairman and CEO of Symphony Technology Group. “Their hard work, focus and dedication have allowed them to succeed and we are excited for their future prospects.”
Consilio is an international eDiscovery and Document Review Service provider with extensive experience in litigation, antitrust, second requests, and internal and regulatory investigations. The company supports law firms and corporations with innovative software and cost-effective, end-to-end litigation services that include data collection, computer forensics, expert testimony, multilingual and onsite data processing, hosting and document review. ISO 27001 and Safe Harbor certified, the company can deploy its services rapidly and efficiently to clients anywhere in the world from offices and data centers in North America, Europe and Asia. For more information, please visithttp://www.consilio.com.
About Shamrock Capital Advisors
Shamrock Capital Advisors, LLC is a Los Angeles-based private equity firm with over $700 million of assets under management. Investing exclusively in the media, entertainment, and communications sectors, Shamrock partners with strong management teams and takes an active, collaborative approach to creating value in each investment. Shamrock is currently investing out of Shamrock Capital Growth Fund III, a $400 million fund raised in 2011. Shamrock’s current investments include Consilio, FanDuel, Giant Creative/Strategy, Isolation Network, Mobilitie, Questex, Recorded Books, Screenvision and T3 Media. For more information, visit http://www.shamrockcap.com.
About Symphony Technology Group
Symphony Technology Group is a strategic private equity firm with the mission of investing in and building great software and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG’s current portfolio consists of 14 global companies. For more information, please visit http://www.symphonytg.com/