WESTMONT, IL Print industry strategist and investment banker The Open Approach has announced the deployment of a new enterprise to capitalize on the growth and opportunity of the document process outsourcing (DPO) arena. The venture follows up on a number of successful print-related investments and collective strategies also spearheaded by the firm.
Operating as DOCetera, Corp., the enterprise will aggregate the resources of select DPO providers to forge a unique, highly specialized entity with the flexibility and end-to-end capabilities to transform into total process outsourcing (TPO) — a $380 billion market growing by 18% annually. The company will also benefit from the leadership of seasoned executive Tom Oliva, whose significant industry experience, buyer contacts, and salesforce network will accelerate company growth.
"DOCetera has the vision, value proposition, and strategy to become the industry leader in outsourced statement processing. Our partner companies will be able to leverage the enterprise’s diverse resources to accelerate revenue growth, better service customers, and open up a wealth of numerous ongoing opportunities."—Tom Oliva, CEO
DOCetera, Corp.
The enterprise currently seeks partners with differentiating services, vertical market expertise, and strong management teams to join the platform.
It also is evaluating candidates with superior technologies and systems infrastructure to serve as the cornerstone for the opportunity. The model aims to enable partners to achieve double-digit annual growth and EBITDA.
“DOCetera is coming to market at a critical time in DPO. We’re seeing explosive growth in the number of large corporations looking to outsource this function that have not yet found the right partner,”explained Ron Seavey, Managing Partner of The Open Approach. “With its value-driving model, DOCetera has the opportunity to become the premier player in this venue. We are fortunate to have a CEO with the expertise and stature of Tom Oliva.”
“DOCetera has the vision, value proposition, and strategy to become the industry leader in outsourced statement processing,” added Tom Oliva. “Our partner companies will be able to leverage the enterprise’s diverse resources to accelerate revenue growth, better service customers, and open up a wealth of numerous ongoing opportunities.”The venture will be funded by Huron Capital, a leading private equity firm with significant investment experience and success in the graphic arts industry.
The Open Approach is an accomplished M&A firm that operates exclusively in the graphic arts industry. Comprised of former print CEOs, COOs, sales leaders, marketing experts, and buyers, the firm spearheads initiatives that drive company value. In addition to comprehensive M&A and investment banking services, The Open Approach provides business model development, exit strategy timing and planning, due diligence, alliance opportunities, market research, and other solutions that positively impact print enterprises’ top- and bottom-line growth. Because of its industry-leading reputation and proven track record, it has been named the exclusive M&A partner of Printing Industries of America and Independent Printers Worldwide. The Open Approach is based in Westmont, Illinois, and has offices in Phoenix, San Francisco, Los Angeles, and Toronto.
For more information about The Open Approach or joining DOCetera, call Ron Seavey or Bob Cronin at 630-323-9700, email: Ron Seavey at norscv@aol.com or Bob Cronin at ninorcb@aol.com, or visit www.theopenapproach.net.