Duff & Phelps Acquires iEnvision Technology
NEW YORK--(BUSINESS WIRE)-- Duff & Phelps Corporation (NYS: DUF) , a leading independent financial advisory and investment banking firm, today announced that it has acquired iEnvision Technology, an advisory firm that provides law firms and corporate legal departments with Information Lifecycle Management (ILM) solutions. The transaction adds 24 professionals to the Duff & Phelps' Dispute and Legal Management Consulting business. Matthew Hobbs, founder and president of iEnvision, joins Duff & Phelps as a managing director; he brings particular expertise in management consulting and business process development, along with his team's deep relationships with law firms, corporate legal departments, health sciences companies and financial services firms.
This development further strengthens Duff & Phelps' Dispute and Legal Management Consulting (DLMC) team, with services that maximize corporate and government legal department performance and efficiency in the areas of strategy, operations, technology and implementation, compliance and risk management. For law firms, the team focuses on enhancing organizational effectiveness and strategic planning as well as gathering and managing information required by investigations and the discovery process in litigation matters. The DLMC group has recently grown through a series of engagements involving complex financial issues as well as strategic acquisitions, including Toronto-based financial advisors Cole & Partners in 2010, legal management advisors June Consulting Group that same year, and investigative and advisory firm Harvester Forensics Limited earlier this year.
"Legal professionals must manage increasingly large volumes of data in myriad forms with very limited resources, and the addition of our new colleagues from iEnvision underscores Duff & Phelps' longstanding commitment to helping law firms and corporate legal departments handle these challenges effectively and efficiently," said Greg Higgins, leader of Duff & Phelps' Dispute & Legal Management Consulting (DLMC) business. "Our iEnvision colleagues bring more than 15 years of excellence in a unique and emerging field, delivering first-class solutions by maximizing clients' investments in powerful technologies, including an industry-leading document management system application, and cutting-edge management strategies. We look forward to combining our complementary skills, services and values to benefit existing and new clients."
Established in 1997, iEnvision Technology is a global technology consulting firm that specializes in identifying, developing and implementing ILM solutions that primarily encompass enterprise content management, business process management and paper-to-digital filing. Additional services focus on matter-centric computing, email management, compliance and ongoing technical support for law firms, corporate legal departments and financial services organizations, as well as training resources for on-site, remote or simple "quick reference guide" documentation. The iEnvision team conducts most installation, customization, and integration via remote access, reducing travel expense to the client and minimizing the impact to the environment.
"Our entire team is excited about becoming part of Duff & Phelps because of the tremendous synergies that exist between the services that we provide to clients, the core areas of expertise that we bring to every engagement and our shared commitment to excellent service," said Hobbs. "In addition, access to Duff & Phelps' full suite of capabilities, rich history of experience and robust global presence, positions us to contribute even more value to each client matter."
About Duff & Phelps
As a leading global financial advisory and investment banking firm, Duff & Phelps balances analytical skills, deep market insight and independence to help clients make sound decisions. The firm provides expertise in the areas of valuation, transactions, financial restructuring, alternative assets, disputes and taxation, with more than 1,000 employees serving clients from offices in North America, Europe and Asia. Investment banking services in the United States are provided by Duff & Phelps Securities, LLC; Pagemill Partners; and GCP Securities, LLC. Member FINRA/SIPC. M&A advisory services in the United Kingdom and Germany are provided by Duff & Phelps Securities Ltd. Duff & Phelps Securities Ltd. is authorized and regulated by the Financial Services Authority. For more information, visit www.duffandphelps.com. (NYS: DUF)
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