GRAND RAPIDS ? The Iserv Technology Group (ITG) Tuesday announced the completion of its first non-ISP acquisition with the purchase of Pinika, a document and process management solutions company based in Grand Rapids.
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.
?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. Shepherd said the deal demonstrates ITG?s ability to effectively acquire technology based companies outside of the ISP space.
?Pinika will continue to offer the same litigation support services it has offered since its inception in 1997,? said Kim Allen, president of Pinika.
The Iserv Technology Group 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, click on IservGroup.Com
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