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DOCetera to roll up document outsourcing companies, Oliva to lead

Friday, September 26, 2008

Press release from the issuing company

DETROIT, September 22, 2008-- Huron Capital Partners LLC announced today that it has formed DOCetera Corp. ("DOCetera") with industry executive Tom Oliva to execute a Buy & Build strategy in the Document Process Outsourcing/Total Process Outsourcing ("DPO/TPO") industry. The platform plans to acquire and build companies that provide corporate outsourced statement processing services for invoices, customer notices, compliance communications, and marketing mailings.

DOCetera will target companies that have at least $25 million in revenues, advanced front-end information technology customer interfaces, and robust back-end production capabilities to provide comprehensive data management, printing, electronic media, mailing, and fulfillment services. Its objective is to create a full-service DPO/TPO enterprise to fill the market need and enable small, regional players to dramatically improve their depth of offerings and growth opportunities.

The platform capitalizes on the continued trend of large corporations outsourcing non-core operations to third-party providers. As segment experts, these third-party providers can leverage their expertise and capabilities across a larger customer base and more fully utilize equipment capacity. Such providers can deliver superior service along with substantial bottom-line savings to their clients.

Tom Oliva commented, "DOCetera has the vision, value proposition, and strategy to become the industry leader in outsourced statement processing. Our partner companies will be in a premier position to capitalize on the overall business outsourcing trend and leverage the enterprise's diverse resources to transform them into full-service TPO providers. We are fortunate to be partnered with Huron Capital, whose strong track record of building industry leaders provides a key advantage in attracting the best growth companies for this platform."

According to Peter Mogk, a Partner at Huron, "This partnership represents another strategic market entry initiative for us, through which we can offer great resources to companies by leveraging Tom's industry expertise and contacts, assisting with business development, and accessing acquisitions to supplement internal growth."

 

 

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