Private Equity Firm Consello Capital Acquires Majority Stake in ProSearch
The acquisition comes just months after ProSearch announced its Review Services offering which looks to leverage generative AI technology.
October 19, 2023 at 11:59 AM
2 minute read
Mergers and Acquisitions
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."
He added that Consello Capital will partner with ProSearch to grow its client base and offerings. "We look forward to working closely with the ProSearch team to help them continue to deliver industry-leading products and services, expand their technology offerings and further add to their blue-chip roster of customers."
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