Information Governance Solutions, LLC

Information Governance Solutions, LLC specializes in cloud-based software for automating records retention and compliance management, serving diverse industries globally with innovative legal solutions. Information Governance Solutions, LLC was founded in 2011 and is headquartered in Irvine, US. The company focuses on providing legal software solutions for effective records management. Todd Cawthron is the founder, who has a history in creating technology-driven solutions.

In February 2020, the company was acquired by Access Information Management Shared Services, LLC, a portfolio company of Berkshire Partners and GI Partners. The details of the financial terms were not disclosed. The company offers Virgo Business Records Retention Software, a cloud-based platform that automates records retention schedules to enhance compliance and reduce operational risks. It provides legal solutions that update privacy and retention policies per regulations across over 220 jurisdictions.

The platform includes features like creating customized retention schedules and tracking over 220,000 legal requirements, catering to industries such as healthcare, financial services, legal, and energy. Virgo is designed for organizations with stringent regulatory demands, enhancing efficiency and cost management in records retention. The software is accessible via major web browsers, serving clients across North America, Europe, and parts of Latin America. Virgo generates revenue mainly through subscription-based pricing for its software, with clients entering annual contracts for access to its features, including compliance management and document digitization.

Custom solutions may incur tailored fees based on client needs. The flagship product, Virgo™, offers a 90-day free trial to potential customers. Revenue stems from direct B2B transactions and agreements with large institutions focused on comprehensive records management solutions. Looking ahead, Information Governance Solutions, LLC aims to expand its product offerings and market reach.

Though no specific upcoming products were mentioned, the focus remains on enhancing Virgo's capabilities. The company is working towards entering new geographic markets within North America and parts of Asia by the end of 2023. The acquisition in February 2020 may have provided additional resources to facilitate these growth strategies.