Dye and Durham 30 Percent Stake Acquired from ISC for $25 Millio - Erie News Now | WICU & WSEE in Erie, PA

Dye and Durham 30 Percent Stake Acquired from ISC for $25 Million

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Toronto, Ontario--(Newsfile Corp. - October 5, 2017) - Dye & Durham Corporation ("Dye & Durham" or the "Company"), a legal technology company and Canada's leading provider of legal software & data solutions to professionals, announced today that it and its shareholders have acquired Information Services Corporation's ("ISC") 30 percent stake in Dye & Durham for $25.0 million in cash.

"Since ISC invested two years ago, the Company has managed to achieve an average annual revenue and EBITDA CAGR of 102% and 179%, respectively." said Matthew W. Proud President and CEO of D&D. Proud further stated, "we want to thank ISC for their investment, which has helped us build one of Canada's foremost and fastest growing technology companies."

About Dye & Durham

Dye & Durham is a legal technology company and Canada's leading provider of legal software & data solutions to professionals. The Company was founded in 1874 and today has a blue-chip customer base of over 5,000 active customers, and employs over 200 people across Canada and the UK. Through technology the Company assists its customers in processing over 2.5M transactions per year. Additional information can be found at www.dyedurham.com.

For further information please contact:

Adrian Turchet
VP of Marketing and Corporate Development
Dye & Durham Corporation
T. +1 416.356.4156
E. adrian.turchet@dyedurham.com

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