Gibraltar Business Capital (GBC) announced it has closed a new revolving line of credit for Chicago-based OmniVere, an award-winning provider of eDiscovery, compliance and big data consulting. This GBC credit provides liquidity needed, which enables the company to meet its growing customer needs, as well as aggressively pursue new professional relationships. GBC was able to offer a tailored, flexible borrowing structure that addresses the company’s unique criteria and business model.
Established in 2014, OmniVere provides premium eDiscovery and legal staffing services supported by a nationally recognized Technology and Data Consulting Group. OmniVere’s vision is to exceed current market standards by bringing clients a complete suite of intelligent, cost-reducing data and technology solutions all from one source. While OmniVere may be the new name in the industry, OmniVere's expert consultants have decades of experience in compliance, business intelligence, and investigatory matters.
GBC, which launched in 2010 but is rooted with a 60-year history behind it, has deep experience in working with a wide range of companies across a variety of industries and vertical markets. By implementing its unique methodology, the company is able to develop customized lending solutions and has seen its roster of deals steadily increase in size and scope, due to its capacity to be flexible and timely in meeting client needs.
“As a private business and as a lender we understand the specific needs that companies have to achieve their growth and expansion plans. We’re pleased to have provided OmniVere with a successful solution that helps them to effectively advance their business strategy and support their position within the industry,” noted Heather La Freniere, Executive Vice President and Head of Originations at GBC.
“We feel fortunate to have selected a financial partner who understands our vision and strategy, and could help fulfill our capital requirements and allow us to move our business plan forward,” noted Ken Merlau, CEO of OmniVere. “Important in our decision to go with GBC was their keen client focus and responsiveness. It fits our culture,” Merlau added.
Headquartered in Chicago, Gibraltar Business Capital is a privately held middle-market lender providing small- to medium-sized business owners fresh and accessible capital alternatives to a commercial bank loan. With fast, flexible asset-based lending and factoring solutions, Gibraltar delivers lines of credit and specialized funding that allows business owners to meet their objectives. Building on its 60-year history, Gibraltar Business Capital is a multifaceted company strategically positioned with the portfolio, infrastructure, personnel and resources to support its clients nationwide.
OmniVere, LLC has emerged as one of the largest integrated companies in the discovery management and consulting space. OmniVere is uniquely positioned to provide services that encompass all aspects of litigation support, including project management, review support, attorney review, document management and production, temporary attorney staffing, claims administration and data technology consulting.