Fri. Dec 2nd, 2022
    2010-2018 ARCHIVED CONTENT
    You are viewing ARCHIVED CONTENT released online from 1 April, 2010 to August 24, 2018. Content in this archive site is NOT UPDATED, and links may not function. For current information, go to ComplexDiscovery.com.


    General Comments on the Recent OpenText Acquisition of Recommind Announcement 

    The acquisition appears to be one that will provide OpenText with advanced analytics technology and expertise that can be used to expand the capabilities of its enterprise information management solutions (integration over time) and to immediately enhance its current offering portfolio (addition of Recommind offerings).

    The purchase appears to be one achieved by OpenText at an economical price point as it is expected to generate up to $80M of annualized revenue at an acquisition cost of $163M. The purchase provides OpenText with:

    1) Access to Recommind Analytics and SaaS Technology (Strategic Goal)
    2) Access to Recommind Analytics and SaaS Expertise (Strategic Goal)
    3) Access to Recommind Installed Base of Enterprise Clients (Tactical Benefit)

    These ‘access’ points appear to be similar to the ones Microsoft targeted with its acquisition of Equivio in January of 2015 for approximately $200M.

    If past actions are a predictor of future actions, it would appear that current Recommind offerings would at the very least begin to be branded as OpenText offerings (e.g. Daegis Acquisition, November 2015). Additionally, given the apparent strategic center-of-gravity of the acquisition (technology and expertise), the long-term viability of current Recommind product offerings probably will be dependent on performance in the marketplace. However, it appears reasonable to conclude that the assimilation of Recommind by OpenText as an action that will make it tough for Recommind as we know it today to continue as a dominant player in the data management and review space. This conclusion is based more on the attributes of acquisitions than any issue with Recommind technology or expertise.

    With the increased market awareness and understanding of automation and machine learning coupled with the data-driven need for analytics technology and expertise, it seems reasonable that investments and acquisitions like this will continue to touch the area of eDiscovery. Publicly we see investments from the venture capital community in the field of eDiscovery automation (e.g. Logikcull, Everlaw, CS Disco). Anecdotally, many eDiscovery providers are investing in direct or indirect relationships with eDiscovery automation providers to allow for the delivery of solutions ranging from Technology-Assisted Review (task automation) to self-service, full eDiscovery platforms (process automation). This investment in automation, or said in a different way, investment in efficiency, is a trend that should continue given the challenges facing eDiscovery end users (e.g. budgetary constraints, increasing volumes of data, inadequate technology) and the business opportunity presented to those solving those challenges.

    Additionally, It appears that the pace in which eDiscovery-related companies are making strategic investments and acquisitions to both expand their own technology capabilities and increase their revenue streams in the first six months of 2016 is similar to the same time frame in 2015. However, it does appear that recent activities by larger companies are weighted more toward increasing their access to technology and technology-related expertise than toward just acquiring access to installed bases and distribution networks. The OpenText acquisition of Recommind would seem to follow this trend.

    Selected Additional Reading:

     

    Have a Request?

    If you have information or offering requests that you would like to ask us about, please let us know and we will make our response to you a priority.

    ComplexDiscovery is an online publication that highlights cyber, data, and legal discovery insight and intelligence ranging from original research to aggregated news for use by cybersecurity, information governance, and eDiscovery professionals. The highly targeted publication seeks to increase the collective understanding of readers regarding cyber, data, and legal discovery information and issues and to provide an objective resource for considering trends, technologies, and services related to electronically stored information.

    ComplexDiscovery OÜ is a technology marketing firm providing strategic planning and tactical execution expertise in support of cyber, data, and legal discovery organizations. Focused primarily on supporting the ComplexDiscovery publication, the company is registered as a private limited company in the European Union country of Estonia, one of the most digitally advanced countries in the world. The company operates virtually worldwide to deliver marketing consulting and services.

    Beyond the Perimeter? The DoD Zero Trust Strategy and Roadmap

    Current and future cyber threats and attacks drive the need for...

    Balancing Spend and Standards? Cybersecurity Investments in the European Union

    According to EU Agency for Cybersecurity Executive Director Juhan Lepassaar, “The...

    Stricter Supervisory and Enforcement Measures? European Parliament Adopts New Cybersecurity Law

    According to European Member of Parliament (MEP) Bart Groothuis, “Ransomware and...

    Geopolitical Shakedowns? The Annual ENISA Threat Landscape Report – 10th Edition

    According to EU Agency for Cybersecurity Executive Director Juhan Lepassaar, “Today's...

    A Technology-Driven Solution? Integreon Announces New Chief Executive Officer

    Subroto’s people-first leadership style combined with his passion for leveraging technology...

    A Magnet for Revenue? Magnet Forensics Announces 2022 Third Quarter Results

    According to Adam Belsher, Magnet Forensics' CEO, "Our solutions address the...

    Progress and Opportunity? Cellebrite Announces Third Quarter 2022 Results

    “We are pleased to report a solid third quarter, delivering strong...

    Fueling Continued Growth? Renovus Capital Acquires Advisory Business from HBR Consulting

    "The legal industry remains in the early stages of digital and...

    An eDiscovery Market Size Mashup: 2022-2027 Worldwide Software and Services Overview

    From retraction to resurgence and acceleration, the worldwide market for eDiscovery...

    On the Move? 2022 eDiscovery Market Kinetics: Five Areas of Interest

    Recently ComplexDiscovery was provided an opportunity to share with the eDiscovery...

    Trusting the Process? 2021 eDiscovery Processing Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    The Year in Review? 2021 eDiscovery Review Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    Five Great Reads on Cyber, Data, and Legal Discovery for November 2022

    From cyber shakedowns and threats to the total cost of eDiscovery...

    Five Great Reads on Cyber, Data, and Legal Discovery for October 2022

    From cyber claims and data privacy to corporate litigation and the...

    Five Great Reads on Cyber, Data, and Legal Discovery for September 2022

    From privacy legislation and special masters to acquisitions and investigations, the...

    Five Great Reads on Cyber, Data, and Legal Discovery for August 2022

    From AI and Big Data challenges to intriguing financial and investment...

    Onsite or Remote? Document Reviewer Preferences Survey (Winter 2023)

    Today CompexDiscovery expands that survey portfolio by introducing a new business...

    In The House? The Fall 2022 eDiscovery Total Cost of Ownership Survey – Final Results

    Today CompexDiscovery shares the results of a new business survey focused...

    Cold Front Concerns? Eighteen Observations on eDiscovery Business Confidence in the Fall of 2022

    In the fall of 2022, 49.0% of survey respondents felt that...

    Stereotyping Data? Issues Impacting eDiscovery Business Performance: A Fall 2022 Overview

    In the fall of 2022, 28.0% of respondents viewed increasing types...

    The Arrival of General Winter? Ukraine Conflict Assessments in Maps (November 21-27, 2022)

    According to a recent update from the Institute for the Study...

    Digging Out and Digging In? Ukraine Conflict Assessments in Maps (November 14-20, 2022)

    According to a recent update from the Institute for the Study...

    A Liberating Momentum? Ukraine Conflict Assessments in Maps (November 7-13, 2022)

    According to a recent update from the Institute for the Study...

    Rhetoric or Reality? Ukraine Conflict Assessments in Maps (November 1-6, 2022)

    According to a recent update from the Institute for the Study...