According to Andy Macdonald, CEO of Consilio, “Consilio’s acquisition of D4 and EQ is a significant advance in the breadth of our U.S. and International data operations. This acquisition milestone significantly bolsters Consilio’s document review, legal process outsourcing, and Cyber Incident Response resources and unlocks new growth and development opportunities from which our employees and multinational client base will benefit.”
According to Cellebrite CEO Yossi Carmil, “We are pleased to announce this acquisition, an important step in executing against our vision of building a leading end-to-end investigative Digital Intelligence platform. Open-source intelligence capabilities provide law enforcement agencies with critical tools to capitalize on those crucial early hours of an investigation. The team at Digital Clues has built up a strong reputation in this space and we look forward to welcoming them into the Cellebrite family.”
According to Ian Campbell, CEO of iCONECT, “Direct access to the source code enhances our ability to create innovative synergies which include artificial intelligence assisting companies to incorporate AI as a standard component of their eDiscovery workflow. At iCONECT we are always focused on looking over the horizon and this transaction is definitely a game-changer for the industry.”
From Ipro and Disco to Nuix and Lighthouse, 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 July 1, 2021, through September 30, 2021. During 3Q21 there were at least 14 M&A+I events, a pulse rate that is the same as the investment pulse rate during the same time frame in 2020.
According to Mike Williams, CEO of Mitratech, “The combination of Alyne and Mitratech brings a game-changing solution to the legal, risk and compliance industry. There’s increasing overlap between legal and compliance challenges, so there’s a real need for an intelligent platform that empowers cross-disciplinary integration and oversight. Organizations now have the ability to harness AI to instantly reveal and quantify risk, collaborate, increase efficiency, and create unrivaled operational resilience.”
According to the announcement, under the terms of the agreement, Magnet Forensics’ U.S. affiliate will acquire DME for up-front cash consideration of $6,750,000 plus a $2,250,000 earn out over two years based on the achievement of certain integration-focused targets. Magnet Forensics will retain all of DME’s current employees, including its current management team.
According to Laurie Chamberlin, Head of Professional Recruitment and Solutions North America at the Adecco Group, “The combination of Consilio and Special Counsel’s legal solutions business was truly complementary, with both organizations being highly regarded for the long-standing client relationships, excellent service experience, and deep market expertise.”
According to Nuix CEO Rod Vawdrey, “Topos will strengthen Nuix’s product offering by helping customers get to relevant data even faster. The potential for user-friendly dashboards and for users to easily customise the software to their specific needs also reflects Nuix’s focus on empowering our customers to search through unstructured data at speed and scale. We look forward to Christopher Stephenson [Topos CEO] and his talented team joining Nuix.”
According to John P. Kelly, CEO and founder of BlackStone Discovery, “We’re looking forward to joining the UnitedLex family and working to scale our offerings to meet increasing demand in the market. UnitedLex is the most innovative player when it comes to legal transformation, and we’re proud to bring our capabilities to enhance their suite of solutions.”
According to Brian Henley, Managing Partner, at Recurring Capital Partners “Hanzo is an exciting company in the unstructured data management space known for its history of innovation and delighting customers by making the complex simple. We are delighted to partner with the Hanzo team and supply them with growth capital to accelerate and scale their product and market initiatives.”