About Veritext
Veritext is a company based in Cherry Hill (United States) founded in 1997 was acquired by Leonard Green and Partners in August 2018. It operates as a Professional Services, and Managed Services. The company has 947 employees as of December 31, 2021. Veritext has completed 7 acquisitions, including Brown & Jones, David Feldman Worldwide and Diamond Reporting. Veritext offers products and services including Court Reporting, Legal Video Technology, Remote Proceedings, and Exhibit Solutions.
- Headquarter Cherry Hill, United States
- Employees 947 as on 31 Dec, 2021
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Sectors
Professional & Legal Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Veritext, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$20 M (USD), Debt – Venture
Aug 19, 2010
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Investors
Maranon Capital
& 4 more
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Employee Count
947
as on Dec 31, 2021
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Investments & Acquisitions
Brown & Jones
& 6 more
- Acquired by
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Products & Services of Veritext
Veritext offers a comprehensive portfolio of products and services, including Court Reporting, Legal Video Technology, Remote Proceedings, and Exhibit Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Court reporting services are provided for legal proceedings.
Video technology solutions are offered for legal depositions.
Remote deposition services are facilitated for legal clients.
Exhibit management tools are provided for legal cases.
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Leadership Team
72 people
Sales and Marketing
37 people
Software Development Team
25 people
Operations Team
9 people
Human Resources and Administration
8 people
Account Team
7 people
Legal and Compliance
6 people
Client Team
3 people
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Funding Insights of Veritext
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Venture — $20.0M
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First Round
First Round
(19 Aug 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2010 | Amount | Debt – Venture - Veritext | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Veritext
Veritext has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Maranon Capital, The Riverside Company and Leonard Green and Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and debt investments are managed by the firm.
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Founded Year | Domain | Location | |
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Private equity and debt are provided to middle market companies.
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Founded Year | Domain | Location | |
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Recapitalizations are targeted through private equity investments by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Veritext
Veritext has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Brown & Jones, David Feldman Worldwide and Diamond Reporting. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Court reporting technology and litigation support services are provided globally.
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1999 | ||||
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Provider of legal community and video technology services
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1999 | ||||
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Court reporting services are offered by Brown & Jones.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Veritext
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Veritext Comparisons
Competitors of Veritext
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Veritext
When was Veritext founded?
Veritext was founded in 1997 and raised its 1st funding round 13 years after it was founded.
Where is Veritext located?
Veritext is headquartered in Cherry Hill, United States. It is registered at Cherry Hill, New Jersey, United States.
How many employees does Veritext have?
As of Dec 31, 2021, the latest employee count at Veritext is 947.
What does Veritext do?
Veritext is established as a premier provider of court reporting and litigation support services across North America. Services are offered to law firms, corporations, and government entities, covering court reporting, legal video technology, remote proceedings, and exhibit solutions. Advanced technologies and state-of-the-art facilities are utilized to streamline deposition processes and manage complex cases. Emphasis is placed on data security with compliance to HIPAA and PII standards. Solutions are tailored for various legal needs including arbitrations, bankruptcy, and international cases. Commitment to social responsibility and sustainable operations is maintained to create value for clients and communities.
What products or services does Veritext offer?
Veritext offers Court Reporting, Legal Video Technology, Remote Proceedings, and Exhibit Solutions.
How many acquisitions has Veritext made?
Veritext has made 7 acquisitions, including Brown & Jones, David Feldman Worldwide, and Diamond Reporting.
Who are Veritext's investors?
Veritext has 5 investors. Key investors include Maranon Capital, The Riverside Company, Leonard Green and Partners, Pamplona Capital Management, and Investcorp.