According to Jorge Zeledon-Castillo, CEO at Zeledon-Castillo, “Joining forces with XDD further empowers our ability to provide advanced eDiscovery and litigation support services to our clients in southern Texas. XDD’s reputation for instilling optimized processes and communications is second to none. Coupled with their advanced technologies, we look forward to integrating our people and clients into the XDD ecosystem.”
According to Adam Clammer, Chief Executive Officer of TWC Tech Holdings, said: “At True Wind Capital we are focused on investing in leading technology companies, and the Cellebrite opportunity ticks all the boxes on our wish list for a long-term investment in a public company. Cellebrite empowers public and private sector customers to drive digital transformation of the investigative workflow through its advanced technology. Importantly, Cellebrite’s technology helps bring justice to victims of crimes, including cases of child exploitation, violent crimes such as homicide and sexual assault, drug and human trafficking, fraud and financial crime. We are proud to be partnering with a company that is having a real impact on these issues.”
According to Eric Weiner, Partner at Blue Sage, “We are excited to partner with Candice [Corby] and her best-in-class team and to support Cobra in the next stage of its evolution. The Cobra platform stands out in its commitment to service, responsiveness, and flexibility in managing its customers’ eDiscovery and legal services needs. Together we will focus on organic growth and acquisitions to expand Cobra’s service offering and build a leader in the eDiscovery and legal services industry.”
From Relativity and Reveal to Compliance (System One) and Veristar, the following findings, data points, and tracking charts highlight information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from January 1, 2021, through March 31, 2021. During 1Q21 there were at least ten M&A+I events, an pulse rate that equaled the investment pulse rate of ten events during the same time frame in 2020.
According to Redscan CEO, Mike Fenton, “Merging Redscan’s innovative culture and leading managed security services with Kroll’s unparalleled incident response experience and end-to-end cyber risk management capabilities allows us to provide a unique global offering. This combination will build fantastic value for our clients, who will benefit from a global team of world-class seasoned experts monitoring their environments and an expanded platform to grow our proprietary technology capabilities.”
According to Veristar company founder, CEO, and president, Rick Avers, “We are excited to be joining forces with the outstanding CrossRealms International team. Aligning forces with the litigation IT services professionals at CrossRealms International will completely set Veristar apart from its traditional competitors and completes Veristar’s vision to transform our industry that is still providing 20th-century resources in the 21st century.”
According to Joe Osnoss, Managing Partner of Silver Lake, “Relativity is not only the clear leader in software for the legal sector, but also an increasingly strategic company in enterprise technology generally, as proliferating data across multiple formats both on-premise and in the cloud need to be collected and analyzed for a wide range of compliance purposes. Our investment is designed to accelerate the realization of Relativity’s potential in partnership with the talented management and employees, founder Andrew Sieja and our colleagues from ICONIQ Growth.”
According to the Global Innovation Index 2020, co-published by Cornell University, INSEAD, and the World Intellectual Property Organization, innovators enjoy an increasingly broad spectrum of funding sources across different stages of their companies’ life cycles. However, while the emergence of new sources has helped alleviate funding gaps, it has not eliminated them. This is particularly true for many developing and emerging economies where financial markets have remained underdeveloped.
According to Troy Gregory, president and CEO of System One, “Compliance is well-positioned to exceed our expectations; the company has an exceptional technology offering and we expect big things from them in the near future. Under Marc’s leadership, Compliance has thrived, and with the additional investments, we expect to see the company scale and advance at an accelerated rate through organic growth and an aggressive acquisition strategy.”
According to Alex Martinez, CEO of First Legal, “Both First Legal and Redpoint are entrepreneurially minded, seeking to promote transparency, teamwork, integrity, and trust with the community we consider extended family. This is a union of people passionate to help others, and who won’t sit back and wait, but will charge forward into the future of technology with extreme commitment, candor, and the willingness to do whatever it takes to help our clients win.”