Boston, MA (PRWEB) April 22, 2014
Financial Recovery Technologies, LLC (FRT), a leader in securities class action recovery, today announced the acquisition of Investor Responsibility Support Services (IRSS), a leading competitor in the claims monitoring industry. Upon closing, all of IRSS’ clients and partners will have immediate access to FRT’s state of the art class action claims monitoring and filing platform, while FRT and its clients will benefit from IRSS’ technology and existing product offering.
“FRT is excited about the acquisition of IRSS," said Rob Adler, president of FRT. “We believe that this deal will strengthen FRT, allowing us to continue to drive our own success and expand our service offering to new markets. Kim Johnson helped pioneer the era of public pensions and their role in securities litigation in the wake of the PLSRA. We are thrilled to partner with Kim and his team to further their mission of supporting public pensions to execute their fiduciary duty.”
“I am extremely proud of what IRSS has accomplished over the last decade,” said Kim Johnson, founder of IRSS. “As a former General Counsel at several state employee pension funds, I’ve always put the client’s best interests first, and I believe partnering with FRT provides our clients with the technology and dedicated leadership that will serve them best into the future.”
Terms of the deal are not being announced.
About Investor Responsibility Support Services
Investor Responsibility Support Services, Inc. (IRSS) is a company devoted exclusively to providing support services to public pension plans and Taft-Hartley pension plans to empower them to effectively and efficiently manage the impact of securities class action litigation on their trust funds. For more information, go to http://www.irssinc.com.
About Financial Recovery Technologies
Founded in 2008, Financial Recovery Technologies, LLC is a technology-based services firm that helps investors collect funds made available in securities class action settlements. The firm offers expertise in eligibility analysis, claims filing, disbursement auditing and client reporting. With more than $100 million in total recoveries to date, Financial Recovery Technologies provides a proprietary turnkey solution that allows its clients to fulfill their fiduciary responsibilities with transparency and accuracy. Financial Recovery Technologies is a Cross Country Group company (http://www.crosscountrygroup.com). For more information, go to http://www.frtservices.com.