Category: eDiscovery Investments

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Proofpoint Completes the Acquisition of ObserveIT

Companies worldwide are in a constant battle to stop cybercriminals from stealing employee credentials, to correct accidental user behaviors that can result in unintended data loss, and to prevent malicious employee action. Through this acquisition, Proofpoint will provide security teams with the capability to understand and respond to data being mishandled, whether on a corporate device, in a cloud app like Office 365, or via email allowing teams to rapidly detect, investigate, and prevent potential insider threat incidents.

  • 3 minute read
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Active Navigation Secures $11 Million in Funding

“Consumers are demanding better protection of their personal information. As a result, there is a pressing need for companies to prioritize data privacy in all their business operations. Active Navigation has an exciting opportunity in front of it, which was the catalyst for this infusion of capital. This investment will help us to advance product development and scale rapidly to support our customers with data mapping, data minimization and regulatory compliance.”

  • 2 minute read
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A Pivotal (and KLD) Announcement: $150 Million Backstop Commitment and Stockholder Meeting Date

“This financing will substantially increase cash flow and enable KLD to reignite its acquisition program,” said Jon Ledecky, Pivotal’s Chief Executive Officer. “I am excited to work with KLD CEO Chris Weiler and his talented management team to pursue new business opportunities and leverage Pivotal’s corporate and legal community network.”

  • 6 minute read
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OpenText to Acquire Carbonite

“The Carbonite Board conducted a thorough and comprehensive process, which included contact with a number of strategic and financial parties, to identify the best way to maximize shareholder value,” said Steve Munford, Interim Chief Executive Officer and President/Executive Chairman of the Board of Carbonite. “The Board strongly believes that a transaction with OpenText delivers compelling, immediate and substantial cash value to shareholders.”

  • 7 minute read
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Proofpoint to Acquire ObserveIT for $225 Million in Cash

“Today’s ObserveIT acquisition underscores Proofpoint’s commitment to providing organizations with people-centric cybersecurity and compliance solutions that protect what matters: their people and the data they have access to, in a post-perimeter, cloud-first world,” said Gary Steele, chairman of the board and chief executive officer of Proofpoint.

  • 4 minute read
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Veristar Announces Company Launch and Supporting Acquisition

“Successful organizations are built on the strength of their people, and that is the foundation of Veristar,” says company founder, CEO and president Rick Avers. “Our team has unmatched experience handling sensitive information in litigations, investigations, regulatory requests and other complex data matters for clients in a wide array of industries. That expertise helps us to quickly understand client needs and case strategies, guiding us to identify the right approach and implement the most efficient solution.”

  • 3 minute read
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X1 Closes $5.1 Million Series B Funding

“Helping clients find and take action on critical corporate information within hours – whether on laptops, desktops, corporate servers, in SaaS applications or in the cloud – is an incredibly powerful capability that the market is just now beginning to leverage,” said Craig Carpenter, CEO of X1. “X1 has an incredible opportunity in front of it, which was the catalyst for this round of growth capital. We’re ecstatic to gain the support of great partners like Palisades Growth Capital and George Kadifa for our journey to come.”

  • 3 minute read
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Iron Mountain Expands into Colombia with BPO Acquisition

“With this acquisition we’re reaffirming our commitment to providing customers across the globe with leading solutions for storing, protecting and managing their information and assets,” said Ernest Cloutier, Executive Vice President and General Manager, Iron Mountain International. “This transaction is part of our strategy to scale our presence in Latin America where we have significant growth opportunities for our information management business.”

  • 2 minute read
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XDD Acquires Beyond IT Forensics

Bob Polus, XDD President and CEO states, “As the catalyst for most matters, forensic services are an integral part of our end-to-end service offering.  With existing XDD forensics offices in nine locations nationwide, bringing in the Beyond IT team expands our presence in the populous south-central US.   Coupled with their expertise in cybersecurity, Paul Price, Principal at Beyond IT, will lead the XDD Forensics team in providing exemplary services to clients nationwide.”

  • 2 minute read
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