Arrangement provides long-term capital for infrastructure, working capital, and investment to support market expansionModus is one of the great stories within the eDiscovery industry and the transformation of the business has been remarkable.
Washington, D.C. – Modus, a leading provider of eDiscovery business intelligence services, today announced that it has closed financing with CapStar Bank to support growth and investment.
“Modus is one of the great stories within the eDiscovery industry. The transformation of the business has been remarkable. The new projects from existing customers, Managed Service Agreements with new customers, revenue, and profit were compelling for us. We were also very impressed with the transparency of leadership”, says Mr. Brad Greer, Executive Vice President for CapStar Bank.
“This financing comes at a perfect time. The business hit an inflection point and having a partner like CapStar was important. We had several financing options but were drawn to the partnership approach of CapStar. We look forward to this partnership for many years to come.” says Steven Horan, Chairman and CEO of Modus.
Modus is an innovative eDiscovery company that helps law firms and corporations optimize their eDiscovery matters by orchestrating pristine communication between people, processes and technologies. Modus’ advanced suite of eDiscovery and managed service solutions helps clients leverage critical business intelligence to make better-informed legal business decisions.
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