Today, the private equity firm Consello Capital, itself part of The Consello Group, announced it has acquired a majority stake in the e-discovery and compliance provider ProSearch.
In a press release announcing the acquisition, Consello Capital managing partner Peter Morrow explained why the private equity firm invested in ProSearch. “More than ever, business leaders are looking for actionable ways to use technology and AI to improve their business processes and thereby create shareholder value. ProSearch is a great example of a B2B company that helps its clients do just that, with a relentless focus on using technology to drive efficiency.”
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