LawLogix Receives Infusion of Capital from PNC Riverarch Capital to Support Continued Business Expansion
Experienced SaaS Veteran, Roland Dietz, Joins LawLogix as Chief Executive Officer
PHOENIX, Ariz., January 8, 2013-- LawLogix Group, Inc., the leader in I-9 Compliance, E-Verify and Immigration Case Management Software, announced today that it has received financial investments from PNC Riverarch Capital and Akoya Capital Partners. Vista Point Advisors, a San Francisco based investment bank, acted as the exclusive financial advisor to the Company in connection with the transaction. In conjunction with these investments, Roland Dietz joins LawLogix as Chief Executive Officer, effective January 7, 2013. Both the financial investment and appointment of Mr. Dietz validate LawLogix’ leadership position in the I-9 compliance and case management industries, and position the company for continued expansion.
“We are excited to work with PNC Riverarch Capital,” said Dan Siciliano, Co-founder of LawLogix. “By leveraging the financial experience and access to capital of our investors, the LawLogix Management Team will be able to take advantage of new opportunities in the market and aggressively grow the company.”
In addition to the investment, Roland Dietz, joins LawLogix as Chief Executive Officer. Previously, Mr. Dietz, was CCO at Reed Elsevier (Elsevier Science) where he grew the digital licensing business within Reed Elsevier to $740M in annual revenues. Dietz earned a Master of Science degree from Delft University of Technology in Computer Science with a specialization in Artificial Intelligence.
“I was attracted to LawLogix because of its market leadership position, strong leadership team and excellent reputation for customer service. In addition, LawLogix’ strong annual growth rates, averaging more than 30% over the last three years, made the company an even more appealing opportunity,” said Dietz. “I am honored to lead LawLogix in its next chapter of growth.”
Co-Founders Dan Siciliano and Brian Taylor will continue to stay actively involved with LawLogix by serving on the Board of Directors and remaining invested as owners. The board will have several other non-executive directors, led by John J. Regazzi, former CEO of Elsevier, Inc.
Founded in 2000 in Phoenix, Arizona, LawLogix is the leader in Electronic I-9, E-Verify and Immigration Case Management software. LawLogix’ three flagship SaaS products, Guardian, EDGE and Globetrotter, automate the labor and paper-intensive I-9 and visa application processes for more than 160,000 organizations worldwide, including Fortune 500 corporations such as 3M, Pfizer, Aon Corp, Cargill, US Airways, Highmark, Cox and McKesson. For more information, visit LawLogix at http://www.lawlogix.com.
About PNC Riverarch Capital
PNC Riverarch Capital is a middle-market private equity firm that invests in privately-held companies headquartered throughout North America. The firm invests in well-positioned companies across a variety of industry sectors, including outsourced services, specialized manufacturing, and value-added distribution. Since 1982, PNC Riverarch Capital and its predecessors have invested over $1.0 billion of equity capital in more than 100 companies. For more information, visit http://www.pncriverarch.com/.
About Akoya Capital Partners
Akoya is a private investment firm that sponsors transactions and invests in lower and middle market businesses with attractive growth prospects. At the core of our investment strategy is partnership with proven and talented operating executives across various industries as well as executing very specific strategies in Consumer Foods, Specialty Chemicals, Environmental Services, and Workplace Safety. For more information, visit http://www.akoyacapital.com/.
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