eMag Solutions, LLC Announces Sale of Graham Magnetics to RBE Enterprises
International Electronic Discovery and Data Restoration Company Announces Sale of its Tape Certification Division to Dallas-Based RBE Enterprises
Atlanta, GA (August 10, 2007) - eMag Solutions LLC, a leading international electronic discovery company, announces the sale of Graham Magnetics, its tape certification division, to RBE Enterprises of Dallas, TX.
The sale reflects the final phase of eMag Solutions' transition into a pure play E-Discovery and Data Restoration services business. eMag Solutions' customers include leading corporations, law firms, financial institutions, and government institutions whose use of information technology has fueled the expansion of the Electronic Discovery industry.
Many of these organizations use information technology as the primary means of doing business and generating business information, feeding the rapid growth of the E-Discovery and forensic investigation sectors, which involve the identification, collection, analysis, production and presentation of electronically stored information (ESI) for either litigation, regulatory, or compliance proceedings.
"The spin-off of the Graham division is great for both parties; it enables eMag to focus every part of its resources into the continued development of its electronic discovery services business," said Brendan Sullivan, president & CEO of Atlanta-based eMag Solutions. "Likewise, Graham Magnetics, LP now has the benefit of a completely focused team for growth in the certification and recertification of magnetic media products and related media services."
"This is a great opportunity for Graham Magnetics, LP to take that accelerated leap into providing companies with solutions to their Information Technology budget woes as well as the reuse of their existing assets through recycling. We are very excited to have a company like Graham Magnetics, LP who come with experienced technical personnel that is unmatched in their Industry," says Robert Blakely, CEO of Graham Magnetics, LP.
About eMag Solutions
eMag Solutions, LLC, is a Patriarch Partners organization headquartered in Atlanta, GA. eMag Solutions consults with corporation and law firms to define and develop strategies related to electronically stored information regarding litigation, regulatory, and compliance matters. Additional information is available at www.emagsolutions.com, and by calling 800-364-9838 or +44 (0)2920 739940 outside the United States.
About Patriarch Partners
Patriarch Partners, LLC is a private equity and investment firm in New York, North Carolina and Texas. Patriarch provides innovative financial solutions, strategic direction and operational expertise to companies undergoing periods of pervasive change. Funds affiliated with Patriarch manage assets in excess of $6 billion and include majority and minority ownership positions in more than 67 companies.
For more information or copies of this press release, please contact:
Brett Tarr
Director of Marketing
eMag Solutions, LLC
678-608-1613
btarr@emagsolutions.com