Glenn Friis
Woodbridge, NJ (USA)
Role(s):
Founder/Owner/Principal
Procentiv
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Startup
Location:
Woodbridge
Industry:
Legal
Year Founded:
2017
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
Procentiv is entering the court reporting consolidation arena. Our competitive advantage is the proprietary software we developed that allows us to operate court reporting agencies 70% more profitably than any other consolidator in the marketplace. Our software disrupts the archaic business model of the industry, allowing us to protect our work product (deposition transcripts) from theft and unauthorized usage, while limiting access deposition transcripts by non-clients until payment is made. In addition, our receivables avg 21 days vs. industry average of 58+ days and we eliminate 85% of backroom personnel costs because we are cloud-based. We are scalable, market proven for 4 yrs, and fully turn-key. $4B mature, stable industry, on the verge of a consolidation frenzy. Seeking forward-thinking investors to capitalize our acquisitions.