CVF Capital Partners Provides $8.0MM in Capital for Acquisition of RSP & Associates

CVF Capital Partners announced today that The Central Valley Fund II made an $8.0 million investment in National Legal Services, LLC (“NLS”). NLS will combine the businesses of Quest Discovery Services (“Quest” or “QDS”) and RSP & Associates (“RSP”), which both provide outsourced legal services. The combination of these two businesses creates a dominant record retrieval and document preparation company. The Company will be led by current Quest CEO, Ken Croney, who brings extensive industry knowledge and experience to the combined Company.

”NLS is proud to take this important step with CVF in establishing a foundation for our future and ensure long-term stability for our customers and employees. We plan to grow, diversify our service and product offerings, create more jobs and drive growth in the medical records industry in California and beyond,” said President and CEO, Ken Croney.

Ed McNulty, Partner at CVF and new NLS Board member, adds, “We are excited about the prospects of this newly formed Company. The combination of Quest and RSP brings together over 80 years of operating experience in the medical record management industry. CVF is proud to partner with the NLS management team to guide its growth and expansion for the long-term.”

About RSP & Associates:

Since 1979, RSP & Associates has been a leader in the litigation support field. The Company provides legal discovery services and storage solutions to self-insured employers, third-party administrators, and insurance companies throughout the State of California.

RSP’s objective is to be recognized as California’s Premier Litigation Support Company committed to the highest standards of practice and innovation.

About Quest Discovery Services:

For over 45 years, Quest has met and surpassed document acquisition, duplication, and distribution needs. From subpoena preparation and service to online order and record management to large volume reproduction and photo duplication to court reporting to Bates numbering and rush delivery, Quest´s dedicated professionals will deliver high-quality services and products every time.

In order to provide its customers with local support and the fastest turnaround times in the industry, QDS operates five full-service offices strategically located throughout California. Each QDS office is able to follow-up, duplicate, and ship records without transferring documents to a central location. Decentralized production facilities allow QDS to efficiently meet all customer’s needs while reducing costs as well as provide Rush and emergency services when necessary.

ioSafe Raises $2.5MM for Growth from Central Valley Fund

ioSafe Inc., the technology leader in disaster-proof hardware, announced today that it has raised $2.50 million of growth capital from California-based private equity investor group, Central Valley Fund II (“CVF”). This capital will allow the Auburn, CA-based company to further expand its disaster-proof product capabilities into the private cloud / network-attached storage (NAS) markets as well as licensing its technology to other data storage companies.

Since ioSafe was founded in 2005, it has used its patented technologies to provide unparalleled physical data security protection against fire, flood, and theft for homes and businesses of all sizes. According to Robb Moore, ioSafe’s CEO and founder, “Physical security of data is often overlooked. Nearly every business has vulnerabilities but still wants the flexibility and accessibility of their data. ioSafe, like an aircraft black box for data, specializes in hardware to help protect vulnerable data wherever it may reside – improving data backup and disaster recovery for its customers.”

“As the rate of data storage growth continues to outpace online bandwidth, the vulnerability of local data persists. ioSafe products uniquely address the physical vulnerability, backup, and disaster recovery of data that is either stuck onsite or waiting to be relocated offsite” says Robb Moore. “We’re excited to have CVF on the team to help propel us into our next phase of growth.”

Ed McNulty, a partner at CVF, stated, “What impresses us most about ioSafe is their strong management team and solid execution which, when coupled with their award-winning hardware products, provides businesses and homes with reliable and cost-effective ways to store and protect data”. Ed McNulty continued, “The rapidly expanding technology sector is driving the country’s economic growth and CVF will continue to focus on serving successful entrepreneurs like Robb Moore to build and operate rapidly growing businesses in California.”

About ioSafe

ioSafe is a privately-held company established in 2005 and is headquartered in Auburn, California. Like an aircraft black box for data, ioSafe provides rugged, fireproof, and waterproof hardware and data recovery services as a cost-effective way for both businesses and consumers to protect critical and irreplaceable data. For more information, please visit http://www.iosafe.com

Central Valley Fund Provides Growth Capital to Resourcing Edge

Resourcing Edge Human Resources, an industry-leading HR management solutions provider, today announced it raised $3.65 million of growth capital from a California-based private equity investor group, Central Valley Fund II (“CVF”) which will allow the company to further expand its product capabilities and scope of operations.

Resourcing Edge has experienced significant and consistent growth, with revenue increasing by more than 50 percent in 2011 and 2012. This growth is attributed to Resourcing Edge’s recognized leadership position in the PEO and ASO market and the high demand for increased organizational efficiencies in the HR management process for small businesses.

“Resourcing Edge is transforming the way companies manage their HR,” said Ted Crawford, CEO, and founder of Resourcing Edge. “Our new investor recognizes the tremendous opportunity for cloud solutions, along with on-the-ground services to streamline HR management for small businesses. With this investment, we will continue to deliver leading-edge technology that makes the HR management process more efficient, compliant, and a better experience for all.”

U.S. companies hired 52 million employees in 2012, according to the U.S. Bureau of Labor Statistics. Resourcing Edge is uniquely positioned to capitalize on the HR industry’s high demand for a cost-effective and compliant hiring process.

Ted Crawford, further commented, “We’re incredibly excited about this investment which fully funds our accelerating growth trajectory. We’re growing and scaling to meet the specific HR needs of small businesses, in any industry.” He continued by saying that “given the rapidly growing Texas economy, state GDP rose 4.8% in 2012, and the recovering economy in California, which grew 3.5% and is a $2 trillion economy, provides REI some great opportunities to grow.

The employee lifecycle consists of recruiting, hiring, and employing; and Resourcing Edge picks up where recruiting leaves off. Its technological solutions automate the undeniably complex HR process so companies can manage all activities electronically, including employee handbooks, payroll and employee benefits, E-Verify, new hire forms and I-9s, and more. These solutions integrate seamlessly with employer tracking systems on the front end, and HR management and payroll solutions on the back end. The result is a single solution that provides HR managers increased efficiencies, assured compliance, and an overall better experience. Resourcing Edge specializes in navigating the ever-changing regulatory environment that burdens small and mid-sized businesses, allowing companies to focus on the core products and services they were formed to deliver rather than the constant distractions related to employment.

Jose Blanco, a partner at CVF, stated, “What impresses us most about Resourcing Edge is their strong management team and solid operating platform which, when coupled with their award-winning service, provides the HR industry with a solution it has been seeking for some time. This investment also accelerates Resourcing Edge’s growth and creates new job opportunities in the U.S Southwest during a period of high unemployment.”

About Resourcing Edge

Resourcing Edge, LLC (Resourcing Edge) is Headquartered in Rockwall, Texas, and has offices in Colorado, Arizona, California, Oklahoma, New Jersey, Texas, and Georgia. The Company has an extensive team of service professionals that support over 1,000 companies throughout the country. For more information, please visit http://www.resourcingedge.com