Adlib receives significant growth investment from Diversis Capital Partners

TORONTO AND LOS ANGELES, March XNUMXrd / PRNewswire /) - Adlib, the leading provider of content intelligence cloud solutions, announced today that it has received a significant growth investment from Diversis Capital Partners, a Los Angeles-based private equity firm specializing in software and technology-enabled services companies concentrated.

Brett Mellon, Chief Executive Officer of Adlib, said, “This announcement is a testament to the hard work of our team and the company that we have built. Looking ahead, we believe Diversis will be a great strategic partner for our business, fueling investments in our team and technology as we accelerate our planned growth initiatives in our Content Intelligence Cloud platform for our customers and partners. "

“We are very excited about the future of Adlib and our new partnership with their management team. Adlib is a proven industry leader with tremendous potential to build on the solid foundations, strong customer-centric culture and unique value proposition that support Fortune 1000 companies, ”said Ron Nayot, Managing Partner at Diversis.

For more than two decades, Adlib has provided Fortune 1000 companies with intelligent data and insights. With a network of renowned B2B brands and Fortune 1000 customers, the Content Intelligence Cloud platform and automation solutions from Adlib make it easy to discover, standardize, classify, extract and use well-structured data from complex unstructured documents. In this way, Adlib helps its customers to reduce risks, simplify compliance with regulations, automate processes and achieve a whole new level of performance.

Joseph Lok, Vice President at Diversis, said: “We see Adlib as a platform with a huge technological innovation engine. We will continue to invest in the roadmap while expanding the company's presence and geographic reach, both organically and through partnerships and M&A. "

"As the proud founders of Adlib, Scott Mackey and I could no longer enjoy this partnership with Diversis as it accelerates our growth and our ability to better serve all of our constituents - employees, customers, partners, shareholders and the community -" added Peter Duff, Chief Product Officer and Co-Founder of Adlib, added.

Information about Adlib

Our goal is to create intelligent data that expands human potential and maximizes business performance. Our content intelligence and automation solutions make it easier to find, standardize, classify, extract and use cleanly structured data from complex, unstructured documents. In this way, our global customers reduce risks, simplify compliance with regulations, automate processes and create a whole new level of performance. For more information, contact us at www.adlibsoftware.com info@adlibsoftware.com or follow us on LinkedIn, Twitter, Facebook, YouTube

Information on Diversis Capital

Founded in 2013, Diversis is a software and technology focused private equity fund that invests in lower mid-market companies targeting situations where it can add unique value to a company to take it to the next level. Using a collaborative investment approach, the operating partners and strategic consultants work with the management teams to help build successful companies that are positioned for long-term growth. You can find more information on http://www.diversis.com

Inquiries & contact:

Marc Fuentes
SR. Director, Marketing
Adlib software
E-mail: mfuentes@adlibsoftware.com
Tel: 905 699 8554
Chris Tofalli
Chris Tofalli Public Relations, LLC
E-mail: chris@tofallipr.com
Tel .: 914-834-4334
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