Iserv Technology Group Acquires Pinika
Document Management Company Marks First Non-ISP Acquisition for ITG
GRAND RAPIDS, Mich. - September 2005 - The Iserv Technology Group
(ITG) today announced the completion of its first non-ISP acquisition with the purchase of Pinika (www.Pinika.com), a document and process management solutions company based in Grand Rapids, Mich.
Pinika provides a secure and organized online environment for legal and other documents, and has offered litigation case management and support services to attorneys throughout Michigan since 1997. Terms of the transaction were not disclosed.
The agreement provides ITG with an important ASP (application service provider) presence in the growing legal services vertical. Current Pinika customers with questions are encouraged to contact Kim Allen, president of Pinika, at (616) 493-0536.
"ITG is pleased to welcome Pinika as its first non-ISP acquisition," said Victor Shepherd, chief executive officer of ITG. "We believe Pinika customers will benefit from the resources, expertise and comprehensive, service-focused commitment ITG brings to the table, and look forward to adding this unique presence to ITG."
Pinika marks the twelfth acquisition for ITG, and the first non-ISP acquisition for the mergers, acquisitions and operations company. ITG has acquired 11 ISPs since its inception in 2004. The move demonstrates ITG.s ability to effectively acquire technology based companies outside of the ISP realm.
"Pinika will continue to offer the same litigation support services it has offered since its inception in 1997," said Kim Allen, president of Pinika. "As an ITG company, Pinika will offer unmatched speed and reliability to customers, and their legal documents will be safer and more accessible than ever."
About The Iserv Technology Group
The Iserv Technology Group (ITG) was formed to focus on finding and acquiring established companies, primarily in technology and telecommunications, which require additional resources to realize their full potential. Independently funded by private investors, ITG primarily seeks organizations with mature business models capable of benefiting from the Company.s unique expertise in turn-around management, technology and customer service. For more information, visit www.iservgroup.com.
About Pinika
Established in 1997, Pinika provides law firms with more efficient and effective ways of managing the large volumes of documents associated with litigation. The document and process management solutions company serves clients around the country with technology based tools and services to streamline the document management process. Pinika is dedicated to utilizing the latest and most innovative technologies to effectively managing documents in civil and criminal litigation through document scanning, coding, hosting and collaboration services and electronic data discovery.
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