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FivePoints Compliance is Acquired by mindSHIFT Technologies
Acquisition provides mindSHIFT with Compliance and Electronic Discovery Services
January, 2007 | Minneapolis, MN |
TripleTree’s advisory client, FivePoints Compliance, Inc., announced its sale to Fairfax, Virginia’s mindSHIFT Technologies, Inc. (“mindSHIFT”), a leading Managed Services Provider (MSP) offering managed services, VoIP and professional services to small and medium-sized organizations and law firms. FivePoints provides a fully managed SEC-compliant messaging solution that supports electronic discovery. On December 1, 2006, new amendments to the Federal Rules of Civil Procedure went into effect that require all companies in federal litigation to identify, preserve and collect electronically stored information. mindSHIFT will immediately begin offering these services to small- and medium-sized broker-dealers, law firms and other organizations through its acquisition of FivePoints.
“The need for turnkey electronic discovery and compliant messaging solutions is red-hot right now,” said Paul Chisholm, Chairman and CEO of mindSHIFT. “By acquiring FivePoints, we are able to provide our customers with one of the strongest product offerings for hosted messaging, archiving and discovery for electronic communications. We see tremendous opportunity both within the financial services vertical and at organizations which need electronic discovery.”
Since 1999, FivePoints has leveraged its deep expertise in enterprise messaging to offer companies the most comprehensive messaging solution to comply with the strict regulatory requirements of the SEC, NASD and other regulatory bodies. The hosted solution enables organizations to meet those rules by providing management, surveillance, archival, discovery and protection of email and instant messages. While specifically targeted towards small broker-dealers and financial firms with turnkey implementation and predictable and affordable monthly fees, the solution is easily scalable for large enterprises.
The acquisition strengthens mindSHIFT’s offerings to the financial services market and provides FivePoints customers with a broader range of IT services and support. The acquisition enables a broader set of managed IT resources and services to be provided and combines the strengths of the two teams to develop new products and services such as compliant enterprise instant messaging.
TripleTree is a boutique investment bank that specializes in mergers and acquisitions, raising capital, and providing financial advisory services to businesses in the technology, business services, and healthcare industries with a hands-on approach. An investment bank and an industry thought leader, TripleTree knows how to plan a successful campaign and how important it is to find the right partner – a partner that will strategically complement the Company’s offerings, as well as to form a team that is motivated along similar strategic directives.
To read the full case study on this transaction, please visit the Engagement page on TripleTree’s website or click here.
TripleTree, LLC is a research-based investment bank serving growth companies, investors and global acquirers. TripleTree conducts proprietary research that guides our work in M&A, growth capital and financial advisory services. Our value-based approach benefits technology-enabled businesses in sectors where delivery models are converging technology and services, and all sectors where CEO’s and investors are in search of creative ways to disrupt markets and unleash value.
TripleTree’s unique personality is shaped by the experience of our principals who as former business builders and transaction professionals create strategic outcomes that maximize value for our clients. The firm is located in Minneapolis. |
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