BGL Announces Sale of Digital Mandate, LLC
August 20 2009
Brown Gibbons Lang & Company is pleased to announce the sale of Digital Mandate, LLC to RenewData® Corporation. The terms of the transaction were not disclosed. Potters & Della Pietra LLP served as legal counsel for Digital Mandate in the sale of Digital Mandate to RenewData®.
Digital Mandate, based in New York, New York, is a provider of e-Discovery, legal consulting and project management services for corporations, law firms and government agencies. The acquisition of Digital Mandate gives RenewData® exclusive control and management of Vestigate®, a revolutionary document review application that is 10x faster, 50% less expensive, and measurably more accurate than traditional data review approaches currently available in the marketplace, as well as an expansive array of litigation support and discovery document management services.
“We are very pleased with the outcome of this transaction. BGL demonstrated exceptional discipline in managing a dynamic process that ultimately highlighted the value of our ground-breaking Vestigate® technology offering. BGL’s in-depth understanding of our business and sound business judgment from start to finish resulted in a terrific outcome for the company, its customers, and employees,” commented Greg Osinoff, President and Chief Executive Officer of Digital Mandate.
BGL Director and Principal, Effram Kaplan commented, “While the overall economic environment is continuing to show signs of improvement, the document review and e-Discovery market hasn’t missed a beat. Not only are we pleased with the outcome for Greg Osinoff and the Digital Mandate team, but also walk away incredibly impressed with the remarkable synergistic benefits this business combination represents for both acquirer and seller. BGL’s Business Services practice couldn’t be more pleased to have assisted Greg Osinoff and the Digital Mandate team through this transaction.”
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving middle market companies and their owners throughout the U.S. and internationally. BGL’s professionals are experts in mergers & acquisitions, debt & equity placements, financial restructurings and valuations & financial opinions. BGL is the U.S. partner in Global M&A
, the world’s leading partnership of independent middle market financial advisory firms focusing on cross-border transactions. For more information, visit www.bglco.com.
About Potters & Della Pietra LLP
Potters & Della Pietra LLP is a full-service law firm, with offices in New York and New Jersey, providing general corporate and transactional services and commercial litigation services.
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