Catalyst Secures $32 Million Growth Equity Investment
DENVER – April 10, 2012 – Catalyst Repository Systems, a pioneer in providing cloud-based document repositories for e-discovery and other complex legal matters, today announced that FTV Capital, a multi-stage growth equity firm that invests in innovative, high-growth companies, acquired a significant stake in the company, investing a total of $32 million.
Catalyst has been a leading provider of e-discovery software and services for more than a decade. Based in Denver, the company has over 140 experienced litigation and technology professionals located around the world. It provides proprietary grid-based document repositories and case collaboration systems designed to cost-effectively handle the world’s largest legal matters, from multilanguage e-discovery to multi-party litigation and regulatory matters.
Catalyst’s revenue grew 31% in 2011 and is projected to grow another 34% this year. In 2010, the company launched an Asia division to better serve its clients there backed by a full-featured, state-of-the-art data center in Japan to meet the needs of clients throughout the Asia-Pacific region. Over the past decade, the company has repeatedly been named as one of the fastest growing private companies by such organizations as Inc. 5000 and the Deloitte Fast 500.
“We are highly enthusiastic about partnering with Catalyst, given the significant achievements and momentum of this company, “said Eric Byunn, FTV partner and new Catalyst board member. “Catalyst’s long-tenured, proven management team has built a differentiated, proprietary technology offering that has attracted an impressive client base of blue chip companies and large law firms. Global demand for e-discovery is huge and growing rapidly, and Catalyst is wellpositioned to capitalize on this multi-billion dollar market.”
“FTV’s new investment represents a powerful endorsement of Catalyst’s accomplishments and strong outlook, bolstered by the continued support from our initial investors, who have retained a stake in the company,” said John Tredennick, CEO of Catalyst. “FTV brings domain expertise and a strong network of industry contacts which will help contribute to Catalyst’s continued strong growth, especially as we expand into new markets.”
“We have worked with this management team since our initial investment in 2005 and are proud of the growth Catalyst has achieved,” said Tyler Newton, a partner at Catalyst Investors and former Catalyst board member. “Management’s vision 2 and the company’s capabilities will enable it to continue to attract enterprises and law firms worldwide who are looking for an e-discovery solution with speed, scalability and features that attack complex legal issues.” Catalyst Investors is selling the majority of its ownership in Catalyst in conjunction with this transaction.
Moelis & Company acted as exclusive financial advisor to Catalyst and its shareholders.
Catalyst provides secure, scalable multi-lingual document repositories for electronic discovery, litigation support, and other complex regulatory matters. For over a decade, corporations and their counsel have relied on Catalyst to control litigation costs and make review teams more effective. Catalyst’s systems and supporting services cover the heart of the litigation lifecycle-from processing and search, to analytics, review, production and trial. For more information about Catalyst, visit: www.catalystsecure.com.
About FTV Capital
FTV Capital is a multi-stage growth equity firm that invests in high-growth companies offering a range of innovative solutions in business services, financial services, payments and transaction processing, and technology. FTV Capital provides entrepreneurs with unique access to its Global Partner Network, a group of the world’s foremost financial institutions that have invested in FTV Capital and its portfolio companies for more than a decade. Founded in 1998, FTV Capital has more than $1 billion across three funds, and has offices in San Francisco and New York. For more information, please visit ftvcapital.com.
About Catalyst Investors
Catalyst Investors is a growth private equity firm founded in 2000. Catalyst employs a rigorous top-down research focus that seeks to identify investment opportunities in companies and industries that will exhibit strong revenue and margin growth. The firm works in true partnership with talented management teams to build long-term value and is committed to investor transparency. Past and present Catalyst portfolio companies include Advantage Business Media, Aloha Partners, Aspire Media, Catalyst Repository Systems, Denali Spectrum, InSite Wireless Group, Latisys, MessageLabs, MediaMath, MINDBODY, Nine Systems, TCP Communications and Telemundo.
DIRECTOR OF MARKETING CATALYST REPOSITORY SYSTEMS, INC.