Cash Management Solutions Acquires Intelliteach
Chattanooga, TN, February 29, 2012
River Associates Investments, LLC (“River Associates”), a leading lower middle market private equity firm based in Chattanooga, TN, announced the acquisition of Intelliteach, Inc. (“Intelliteach”) by its portfolio company CMS Management Solutions, Inc. (“CMS”). The acquisition closed February 29, 2012. Terms of the transaction are not being disclosed.
Intelliteach provides dedicated law firm-specific outsourced service desk company in the legal market. Intelliteach was founded in 1999, is a privately held enterprise in Atlanta, Georgia and London, England.
“By partnering with Intelliteach, we are excited about being able to provide a broader, best in class, suite of services to our clients”, said CMS Management Solutions’ CEO Seelin Naidoo. “The combined expertise of our two companies will provide a single source for those law firms looking to benefit from utilizing a Legal Process Outsourcing provider to assist them with their financial, accounting, and information technology needs.”
“This is a wonderful evolution for Intelliteach and its employees”, stated Lance Waagner, Intelliteach’s President.”We were happy to find a partner who shares Intelliteach’s commitment to best in class service and customer satisfaction. By combining with CMS, we look forward to continuing to innovate in the legal services arena and provide a wider base of services to our existing customers.”