CEP private equity group invest in Microsystems
Microsystems just announced that Concentric Equity Partners (CEP), in partnership with the management team, closed on a long-term growth investment to expand products and services in the areas of document production, content quality and risk management solutions. The investment supports Microsystems strategic plans to increase the number of team members while expanding product offerings that provide high-value and competitive advantages to law firms, legal departments and the pharmaceutical industry as well as other document intensive organizations.
Microsystems co-founders, Tom O’Sullivan and John Rigas, along with the Microsystems management team, retain a significant stake in the business and will continue to lead the company with strategic guidance from CEP.
“We welcome CEP to our family,” said Tom O’Sullivan, CEO at Microsystems. “Our customers rely on our products and services to deliver high quality documents more efficiently and with less risk. This investment helps us expand our product lines and serve our customers’ needs even more than we do today. As we grow our company, we are looking to our knowledgeable and talented staff to help us expand while maintaining a company culture focused on delivering innovation and a competitive advantage to our customers.”
“We view our decision to invest in Microsystems as a tremendous opportunity to help the management team deliver on their vision for strategic growth,” stated Ken Hooten, Partner at CEP. “Document production software can yield significant productivity gains and cost savings to its users. More than ever, the speed of delivery is a key competitive advantage across several markets where documents are mission critical. Microsystems is highly rated for its product capability and quality of service and is recognized as a market leader in several categories, especially by the legal and life sciences markets.”
“Over the last few years, we have interviewed several potential partners,” said John Rigas, CFO at Microsystems. “We wanted a partner that shared our views on customer service and product quality. From our early conversations with Concentric, we knew that they uniquely possess the talent and experience to fuel our growth plans while making sure we continue to excel in the areas important to our success to date, including our focus on offering unparalleled service to our customers.”