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From StreetInsider.com

RPX Corporation (NASADAQ: RPXC) announced that it has agreed to acquire privately-held Inventus Solutions, Inc., a leader in discovery management, for $232 million in cash, subject to customary adjustments, from investors led by private equity firm Clearlake Capital Group, LP. The transaction, which is expected to close in mid-to-late January 2016, is anticipated to add $50 to $60 million to RPX’s 2016 revenue.

“We see this acquisition as a natural extension of RPX’s expertise in mitigating patent risk and lowering legal costs for our clients,” said John Amster, CEO of RPX Corporation. “With our business posting its third year of solid cash generation and steady progress toward our vision of a patent clearinghouse, it is the right time to expand the services we can provide to mitigate risk and lower costs for corporate legal departments.

“Adding new services related to litigation and compliance discovery does this, while profitably accelerating our revenue and cash flow growth,” Amster continued. “At the same time, the acquisition expands the total available market we address with our services to lower legal costs and risk. Finally, it will also help increase our footprint inside our clients’ legal departments, which will strengthen our ability to achieve RPX’s long-term goal of establishing a broad, de facto patent clearinghouse.



Learn more about 250+ merger, acquisition, and investment activities in eDiscovery at A Quick Merger, Acquisition, and Investment Update

 

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