September 17, 2024: Arbor Ridge Partners, the leading M&A advisory firm for the Legal Technology and Legal Services industry, is pleased to announce that our client, Novitas Data has been acquired by Proteus Discovery Group.
Proteus, founded in 2015 in Indianapolis by four former AmLaw 100 litigators, built its portfolio and reputation by focusing on organic growth starting in the Midwest, and through eDiscovery technology partnerships with industry-leaders like Relativity. Novitas, founded in 1997 in Portland, Oregon, was an early adopter of Relativity’s server technology, which integrated with its scanning operation and forensic services to assist clients in identifying important data in a wide range of applications. Novitas’ infrastructure combined with Proteus’ deep experience, eDiscovery solutions, and exceptional client service bolsters the combined company’s offerings to provide clients with a cost-effective solution for managing eDiscovery and information governance data.
“We are thrilled to bring Novitas into the Proteus family” said Ray Biederman, Proteus Co-Founder and CEO. “This acquisition broadens our service offerings and geographic reach, allowing us to be more adaptable to our clients’ changing needs. We are excited to add additional subject matter experts who are committed to delivering clients with the excellent work product and experience on which Proteus prides itself. We are also thankful that Arbor Ridge Partners was involved to ensure a seamless acquisition process.”
Rob Oliver, Co-Founder and CEO of Novitas, who will assume the role of Vice President at Proteus, stated “Noivtas has been in business for twenty-five years, and we needed an M&A advisor with as much industry experience to help secure the right acquisition. The alignment between Novitas and Proteus will create a strong vision and culture. I am excited to add Novitas time tested expertise to the Proteus team. Together, we will enrich our client’s experience and continue to innovate in the eDiscovery space.”
The acquisition marks a pivotal moment for Proteus, expanding its service portfolio and reinforcing its commitment to delivering superior eDiscovery solutions with a strengthened team of experts.
Arbor Ridge Partners served as the exclusive advisor to Novitas and arranged this transaction.
About Arbor Ridge Partners
Arbor Ridge Partners is a business broker that focuses exclusively on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and legal software companies. With over 100 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.ArborRidgePartners.com.