“We are pleased with our record second quarter of strong growth and the continued momentum our business is enjoying in the third quarter,” said Chris Weiler, Chief Executive Officer of KLDiscovery. “We are expanding our relationships with existing clients, targeting new clients and expanding into new verticals both organically and through strategic acquisitions,” said Mr. Weiler.
“We are very proud of ayfie’s excellent development since the initial round of funding. ayfie is solving problems that other less sophisticated systems cannot,” says Erik Baklid, CEO of ayfie. He adds: “The funding supports with power the achievement of our next business milestones taking full advantage of the momentum we’ve created.”
“This financing helps us work toward some exciting new developments and expansion of sales and marketing resources,” said CEO Ian Campbell. “We have been profitable since day one as a company, so we have never really seen the need for external resources. NewField brings both capital and strategic vision toward growth. With a constant focus on innovation, we are well-positioned to take on the unique technical challenges in our industry.”
“The combination of Navigant and Guidehouse will create a powerful, global consulting organization characterized by deep industry expertise and leading technical know-how. Our companies are aligned with similar cultures and strong core values. Through the integration of our two firms, our employees will enjoy expanded growth opportunities, and our combined clients will access a wider array of expertise, tools, and technologies to help them achieve their goals.”
With the acquisition, Legility assumes iControlESI’s two leading technology platforms: RECENSEO, a highly functional hosting and review platform, and ENVIZE, an AI/Predictive Analytics tool that is integrated with the widely used Relativity platform.
“These transactions represent significant milestones for our company as we grow our business and expand our Information Governance and eDiscovery software offerings,” said Chris Weiler, CEO of KLD. “Strategic Legal Solutions’ robust client base will now have access to KLD’s extensive platform and Compiled’s ReadySuite offering will provide additional flexibility in how we address the industry’s unique data management needs. Together, these acquisitions broaden our customer base with the addition of key client relationships, strengthen our end-to-end technology platform and provide significant revenue opportunities for the future.”
“Legal professionals are being disrupted by technology change and are seeking software solutions to help them improve costs and increase productivity,” said Brian Peccarelli, COO, Customer Markets at Thomson Reuters and head of its Legal Professionals segment. “The acquisition of HighQ will help us meet customer needs for efficient, compliant workflow collaboration solutions, and supports our ongoing approach to providing open technologies and driving customer innovation.”
“We are excited about our new partnership with Driven and its management team,” said Matt Darrah, Principal of Capital Southwest. “We are impressed by Driven’s management team and its ability to drive cost out of litigation and to serve its law firm and corporate clients effectively. Driven has developed the tools and products needed to support the growing volume and complexity associated with the eDiscovery market.”
Bob Polus, XDD President and CEO states, “As we continue to explore, expand and scale business operations within key markets nationwide, merging forces with QDiscovery further strengthens our presence in the Midwest and on the east coast. Congruent with XDD’s culture, the QDiscovery team thrives on providing exemplary client service, making it a natural fit for our company as we continue to scale our eDiscovery, forensics and managed review services. We look forward to enhancing our company together.”
ComplexDiscovery findings, data points, and tracking information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from April 1, 2019, through June 23, 2019.