Akoya Capital Partners and PNC Riverarch Capital Complete Acquisition of LawLogix Group, Inc.
January 8, 2013, Chicago, IL – Akoya Capital Partners, LLC partners with PNC Riverarch Capital and current management to acquire LawLogix Group, Inc. The terms of the deal were not disclosed.
Founded in 2000 in Phoenix, Arizona, LawLogix is the leader in electronic I-9, E-Verify, and Immigration Case Management software. The company’s flagship SaaS products automate the labor and paper-intensive I-9 and visa application processes for more than 160,000 organizations worldwide.
The company has been led by its founders Dan Siciliano and Brian Taylor. Both individuals will continue to stay actively involved with the company by serving on the Board of Directors and remaining invested as owners. Industry veteran Roland Deitz has joined the company as Chief Executive Officer and Akoya Operating Partner John Regazzi will serve as Chairman of the Board.
For Akoya, LawLogix represents its second platform in the Information Services industry. “We are delighted and honored to be partnering with Dan, Brian, and PNC Riverarch on this opportunity”, said John Regazzi. “By combining Akoya and PNC Riverarch financial experience with proven market leading executives, LawLogix will be able to innovate around new market opportunities as well as sustaining and advancing its market leading performance.”
The LawLogix acquisition is consistent with Akoya’s investment strategy of combining world-class executives, well-positioned companies, and well-developed value creation strategies to create significant value for management and investors. “What differentiates Akoya is our deep domain expertise and our sector-led approach that delivers proprietary deal flow and exceptional leadership teams in our areas of focus”, said Max DeZara, Managing Partner of Akoya.
ABOUT AKOYA CAPITAL LLC
Akoya is a private investment firm that sponsors transactions 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, and Workplace Safety.
The principals of Akoya have collectively been involved in over 35 acquisitions, divestitures, mergers, direct investments, capital raisings, and restructurings across a broad range of industries, in addition to having hands-on operating, human capital, and organizational development expertise.