In more than one instance the option indicated by Mirus’ analysis was not the one which would have led to the largest fee, but it was always the one which was demonstrated to be in the best long-term interests of the company’s shareholders.
- Allen L. Shulman, President, Interland
- Allen L. Shulman, President, Interland
Press Releases
Mirus Capital Advisors Serves as Advisor on Sale of Lextranet
03/01/2007 - Boston, Massachusetts
Investment Banking Firm Builds on Recent Successes in Electronic Discovery, Litigation Support and Information Management
Boston, MA, March 1, 2007 –– Mirus Capital Advisors, a middle-market investment bank, announced today that it has advised Lextranet®, a leading provider of hosted litigation support software, on its sale to Merrill Corporation, a global provider of technology-enabled services for the legal, financial, real estate and other corporate markets.
Based in Boston, Lextranet offers a suite of advanced Web-based tools that help corporate and law firm attorneys review documents, manage transcripts, share case materials, track discovery productions, process evidence, organize case files, archive data, and streamline collaboration. The company’s industry-leading litigation support and case management platform is used in some of the largest litigation matters in the world. Clients include two-thirds of the nation’s top 50 firms (as identified by The American Lawyer) and five of the top 10 companies in the Fortune 500. Lextranet and its 60 employees will remain in Boston after the sale.
With revenues of $1 billion, Merrill Corporation is headquartered in St. Paul, MN, and has over 70 domestic offices and 15 international locations. Merrill's services include document and data management, litigation support, branded communication programs, fulfillment, imaging and printing. Merrill targets markets including the legal, financial services, insurance and real estate industries.
“We’ve seen enormous changes in our marketplace over the past 12 months,” said Lextranet President Neil Aresty, Esq., who co-founded the company with Harold Leach, Esq., in 1992. “Our longstanding relationship with the Mirus team, coupled with their deep understanding of our business and the broader eDiscovery and litigation support marketplace, made their selection as our financial advisors an easy choice. We found Mirus to be a highly competent and trustworthy advisor whose objective guidance throughout the process was invaluable.”
“Lextranet is the third company Mirus has sold in the electronic discovery, litigation support and information management arena in the past 12 months,” said Peter Alternative, the Mirus partner who managed the transaction. “We see the industry land grab continuing in earnest as larger industry contenders opt to buy rather than build a leadership position in the rapidly growing multi-billion dollar market for litigation support, e-discovery and on-going compliance solutions. Lextranet built a superlative brand, product and team, and Merrill recognized the unique value of those assets.”
“As the volume and complexity of discoverable material expands, legal professionals need litigation support tools to help them capture, manage and review vast quantities of information,” said Mike James, president, Merrill Legal Solutions. “With the addition of Lextranet, Merrill now offers a more robust set of litigation support services, sparing our clients the risk, cost and complexity of multiple providers. In addition, the combined technical expertise of both companies will yield state-of-the-art product development in the coming months and years.”
About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporate clients in the areas of software, online media, business services and niche manufacturing. Celebrating its 20th anniversary this year, Mirus provides corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. For additional information, visit http://www.merger.com.
About Lextranet
Lextranet provides legal teams with the smartest, most advanced tools for practicing law in the 21st century. The Lextranet suite of Web-based tools includes a host of advanced features to help clients review documents, manage transcripts, share case materials, track discovery productions, process evidence, organize case files, archive data, and streamline collaboration. All of Lextranet's production, programming and support services are located in Boston. The company has sales and marketing offices in Boston, New York, Philadelphia and San Francisco. For more information, visit http://www.lextranet.com.
About Merrill Corporation
Founded in 1968 and headquartered in St. Paul, Minn., Merrill Corporation (http://www.merrillcorp.com) is a leading provider of outsourcing solutions for complex business communication and information management. Merrill's services include document and data management, litigation support, branded communication programs, fulfillment, imaging and printing. Merrill targets markets including the legal, financial services, insurance and real estate industries. With more than 6,100 people in over 70 domestic and 15 international locations, Merrill empowers the communications of the world’s leading companies.
return to press releasesKeywords: e-discovery, litigation support, compliance software, electronic content management