LawLogix Receives Infusion of Capital from PNC Riverarch Capital to Support Continued Business Expansion
PHOENIX, Ariz. – January 8, 2013 – LawLogix Group, Inc., the leader in I-9 Compliance, E-Verify and Immigration Case Management Software, announced today that it has received financial investments from PNC Riverarch Capital and Akoya Capital Partners. Vista Point Advisors, a San Francisco based investment bank, acted as the exclusive financial advisor to the Company in connection with the transaction. In conjunction with these investments, Roland Dietz joins LawLogix as Chief Executive Officer, effective January 7, 2013. Both the financial investment and appointment of Mr. Dietz validate LawLogix’ leadership position in the I-9 compliance and case management industries, and position the company for continued expansion.
“We are excited to work with PNC Riverarch Capital,” said Dan Siciliano, Co-founder of LawLogix. “By leveraging the financial experience and access to capital of our investors, the LawLogix Management Team will be able to take advantage of new opportunities in the market and aggressively grow the company.”
In addition to the investment, Roland Dietz, joins LawLogix as Chief Executive Officer. Previously, Mr. Dietz, was CCO at Reed Elsevier (Elsevier Science) where he grew the digital licensing business within Reed Elsevier to $740M in annual revenues. Dietz earned a Master of Science degree from Delft University of Technology in Computer Science with a specialization in Artificial Intelligence.
“I was attracted to LawLogix because of its market leadership position, strong leadership team and excellent reputation for customer service. In addition, LawLogix’ strong annual growth rates, averaging more than 30% over the last three years, made the company an even more appealing opportunity,” said Dietz. “I am honored to lead LawLogix in its next chapter of growth.”
Co-Founders Dan Siciliano and Brian Taylor will continue to stay actively involved with LawLogix by serving on the Board of Directors and remaining invested as owners. The board will have several other non-executive directors, led by John J. Regazzi, former CEO of Elsevier Inc.