Intelliteach Recapitalizes with BV Investment Partners
February 10th, 2019
ST. LOUIS – Intelliteach, the leading global provider of intelligent outsourcing solutions in the legal industry, announced today that it has recapitalized with BV Investment Partners (“BV”), a middle-market private equity firm focused on the business services, software and IT services sectors. Intelliteach is the seventh investment in BV’s ninth fund, which has $750 million of committed capital.
Headquartered in St. Louis, with offices in Atlanta, London, Toronto and Goa (India), Intelliteach serves over 300 law and accounting firms globally. Specializing in IT help desk support, IT Managed Services, App Development, Infrastructure, Engineering and LegacySoftware Support, Managed Financial Services (including e-billing processing and Accounts Receivable Management) and Training and Education through it’s eLearning system called SkillBuilder. Intelliteach’s managed IT and financial offerings are augmented with proprietary software platforms that support a data driven service delivery model. Intelliteach’s clients on average have experienced a 10x return on their investment and/or reduced overall operating expense by more than 30% all while improving quality of service which is available 24/7, 365 days a year.
Seelin Naidoo, Chief Executive Officer of Intelliteach, said “for over 20 years Intelliteach has served as a trusted, long-term partner for its clients, helping law and accounting firms solve their complex IT and financial services challenges. We are excited to have BV’s assistance in enhancing our current service offerings and develop new services to offer additional value to our customers, employees and industry. The market for our outsourced technology and business process is still vastly under-penetrated, so we are excited to begin our next chapter with BV.”
Matt Kinsey, Managing Director of BV, said “Intelliteach has positioned itself as a trusted adviser through its technology enabled service offerings. Seelin and his team have built a business that delivers unique value to its customers, and we are thrilled to be backing them in the recapitalization of the business. We’re looking forward to supporting the team’s growth strategy in any way we can, and believe our deep industry experience base and network can be applied to help Intelliteach continue to scale organically as well as through acquisitions.”
Mike Bryant, an industry expert and current Chairman of the legal process outsourcing business, HaystackID, will also be joining the board of directors. Mr. Byant has a long track record of success in the legal outsourcing market and will provide strategic guidance and support with various growth initiatives.
“We are investing in a business with exceptional fundamentals, supported by long-term industry tailwinds, and backed by a management team who we believe in.” said Jason Kustka, Principal of BV. “We think that Intelliteach is only at the beginning stages of its evolution and look forward to helping management take advantage of an attractive market opportunity.”