Downers Grove, IL (PRWEB) October 08, 2012
Microsystems, a leading provider of document production solutions, today announced that Concentric Equity Partners (CEP) in partnership with the management team closed on a long-term growth investment to expand products and services in the areas of document production, content quality and risk management solutions. The investment supports Microsystems strategic plans to increase the number of team members while expanding product offerings that provide high-value and competitive advantages to law firms, legal departments and the pharmaceutical industry as well as other document intensive organizations.
Microsystems co-founders, Tom O’Sullivan and John Rigas, along with the Microsystems management team, retain a significant stake in the business and will continue to lead the company with strategic guidance from CEP.
“We welcome CEP to our family,” said Tom O’Sullivan, CEO at Microsystems. “Our customers rely on our products and services to deliver high quality documents more efficiently and with less risk. This investment helps us expand our product lines and serve our customers’ needs even more than we do today. As we grow our company, we are looking to our knowledgeable and talented staff to help us expand while maintaining a company culture focused on delivering innovation and a competitive advantage to our customers.”
Founded in 1997, Microsystems has experienced year over year growth and now supports over 250,000 professionals globally, across 650 organizations, from its offices in Chicago and London. The flagship product, DocXtools, is the clear leader for document productivity, compliance and quality. Since Microsystems acquired 3BClean, it has become the market leader in the fast-growing server segment and has more than twice the installations of its nearest competitors combined. EagleEye, the newest product from Microsystems, offers an incredible tool to lawyers and legal support teams, enabling them to quickly assess the quality and consistency of content in transaction documents.
“We view our decision to invest in Microsystems as a tremendous opportunity to help the management team deliver on their vision for strategic growth,” stated Ken Hooten, Partner at CEP. “Document production software can yield significant productivity gains and cost savings to its users. More than ever, the speed of delivery is a key competitive advantage across several markets where documents are mission critical. Microsystems is highly rated for its product capability and quality of service and is recognized as a market leader in several categories, especially by the legal and life sciences markets.”
“Over the last few years, we have interviewed several potential partners,” stated John Rigas, CFO at Microsystems. “We wanted a partner that shared our views on customer service and product quality. From our early conversations with Concentric, we knew that they uniquely possess the talent and experience to fuel our growth plans while making sure we continue to excel in the areas important to our success to date, including our focus on offering unparalleled service to our customers.”
Microsystems is a leading software company dedicated to providing technology solutions designed to improve document content quality and formatting, mitigate document–related risks and enhance document production efficiency. With a strong focus on the continuous delivery of innovation, knowledge, support and education as well as an unyielding attention to outstanding customer service, Microsystems has built and maintained an industry–leading reputation since 1997. For more information, visit http://www.microsystems.com or call 630.598.1100 (US) or +44(0) 1245 360054 (UK).
About Concentric Equity Partners
Concentric Equity Partners is a private investment firm based in Chicago, IL, which invests in business, financial, and healthcare services companies. Concentric provides capital and experience to profitable growth businesses run by outstanding management teams. The firm's approach is to support entrepreneurs with capital, operating expertise and industry knowledge so their businesses can grow over the long term. The principals at Concentric have distinguished track records as operators and professional investors in a variety of growth oriented middle market companies. Concentric is the direct investing arm of Financial Investments Corporation ("FIC"), a private asset management firm with over $650 million in private equity commitments under management. For more information on Concentric, visit http://www.fic-cep.com.