a360inc, a technology solutions provider to law firms, title agencies, mortgage lenders and investors, has acquired ProVest, a service of process and litigation information services provider to the creditors’ rights legal industry.
The purchase price was not divulged, but as part of the transaction, investment funds managed by Morgan Stanley Investment Management (MSIM), Knox Capital, and Nonantum Capital Partners made a strategic investment in a360inc.
a360inc says it will use the capital for innovation and to enhance service offerings.
Founded in 1991, ProVest is one of the largest legal support services firms, offering specialized expertise in managing service of process and other creditors’ rights for major law firms, financial institutions, and insurance companies.
“The combination of these two solution providers creates an unparalleled platform that delivers advanced case management system technologies and litigation solutions to the creditors’ rights ecosystem nationwide,” says Scott Brinkley, CEO for a360inc, in a release. “As a360inc and ProVest have evolved, our dedication to expanding solutions to meet our clients’ needs has remained paramount. This move continues in that tradition – and I know both management teams are excited to partner and innovate on behalf of our collective valued clients and business partners.”
“We are thrilled to join forces with a360inc and create a powerhouse of service excellence by marrying ProVest’s extensive experience and national coverage with a360inc’s state-of-the-art technology capabilities,” adds Jim Ward, president of ProVest. “Our shared vision of providing superior support and building lasting relationships with our clients set the stage for offering more efficient, reliable, and scalable solutions, thereby enhancing the value we provide to our customers.“