“Veris’ experience in complex accounting and auditing matters, as well as in litigation and corporate investigations, adds a complementary service offering to Ocean Tomo’s traditional focus on intangible assets”, explains the CEO of Ocean Tomo. James E. Malackowski. “Veris Consulting‘s financial forensics team is highly sought after by state insurance department regulators, external legal advisers and liquidators, both domestic and international,” notes Malackowski.
Together, Ocean Tomo and Veris Consulting work with over 80% of AM Law 100 firms.
Commenting on the transaction, Bow River Capital Director Bo Sutton, added: “The Veris Consulting team is called upon by some of the most prestigious organizations in the country to take on complex and large corporate investigations, assist lawyers representing audit committees of public companies and work with the main government entities. -Profile corporate investigations, including the country’s biggest Ponzi scheme to date. ”
“Law firms, corporations and federal agencies greatly appreciate Veris’ deep specialist expertise, particularly in highly complex financial reporting issues, insolvency cases and actions, and corporate wrongdoing investigations. potential ”, explains the founder of Veris Larry johnson. “We’ve seen the same expertise, the same top-notch team and the same fantastic reputation at Ocean Tomo. It’s a perfect partnership.”
Malackowski is quick to cite published studies on litigation trends released earlier this year that highlight an expected increase in contract and commercial litigation, insurance, antitrust and regulatory investigations, noting that “with With the addition of the Veris team, Ocean Tomo is well positioned to address the issues that matter most to corporate counsel ”.
He further adds, “The acquisition of Veris represents the first step in our strategic vision to build the preeminent litigation support services firm and we anticipate further announcements building on this leadership position.
About Ocean Tomo
Founded in 2003, Ocean Tomo, LLC provides financial expertise, management consulting and advisory services related to intellectual property (“IP”) and other intangible assets; business accounting surveys; regulatory and reporting obligations; solvency and restructuring; and contractual or competitive disputes.
Practice offers focus on calculations and testimony of economic damage; accounting investigations and financial forensics; technology and valuation of intangible assets; strategy and risk management consulting; Mergers and Acquisitions; private placement of debt and equity; and intellectual property brokerage.
Intangible assets represent 90% of the value of the business, but are also subject to significant impairment due to business and regulatory compliance risk. Ocean Tomo helps clients – businesses, law firms, governments and institutional investors – realize the value of Intellectual Capital Equity® at large.
About Bow River Capital
Founded in 2003, Bow River Capital is a privately held alternative asset management company based in Denver, Colorado, focused on investing in the lower middle market in three asset classes, including private equity, real estate and growth software. For more information on Bow River, please visit www.bowrivercapital.com.
Kristi L. Stathis
+1 773 294 4360
SOURCE Ocean Tomo LLC