West Palm Beach, Florida, December 2008 – The ComVest Group, through ComVest Investment Partners III, LP., has made an investment in a newly formed company to acquire, through a section 363 bankruptcy sale, certain assets of TWL Corporation. The Company, based in Carrollton, Texas, provides its content to approximately 2,000 clients and owns one of the largest content libraries for training and certification. The investment represents an opportunity to partner with Norm Willox, who for over five years was the Chief Business Officer of LexisNexis Risk Information and Analytics and was most recently Chief Executive Officer of LexisNexis Special Services. Previously Mr. Willox founded and built several information technology companies in the risk management sector. During this period of time, Mr. Willox was the principal shareholder and CEO of the National Fraud Center for over ten years and a board member and officer of Riskwise International. Mr. Willox is considered a leading executive in developing and providing data / technology services for risk assessment. Mr. Willox brings a strong and experienced team of executives who he has worked with for over twenty years.
About TWL Corporation
TWL Corporation, based in Carrollton, Texas, is a technology-enabled learning and certification solutions provider for corporations, government organizations, and individuals. The company sells its content to clients to train, educate, and certify employees in the areas of state and federal regulatory compliance, ongoing job certification, continuing education and risk mitigation.
About ComVest
The ComVest Group is a leading investment firm focused on investing in middle-market companies in a debt or equity capacity. Since 1988 ComVest has invested more than $2 billion of capital in over 200 public and private companies worldwide. Through our extensive financial resources and broad network of industry experts, we are able to offer our companies total financial sponsorship, critical strategic support, and business development assistance. Our focus is centered on building industry leading companies and creating long term value for equity holders.