eDiscovery Investments Archives

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.”

October 2, 2019
3 minute read

eDiscovery Mergers, Acquisitions, and Investments in Q3 2019

ComplexDiscovery findings, data points, and tracking information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from July 1, 2019, through September 21, 2019.

September 21, 2019
2 minute read

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.”

September 5, 2019
2 minute read

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.”

September 4, 2019
2 minute read

KLDiscovery By The Numbers: Second Quarter 2019 Results

“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.

August 21, 2019
3 minute read

ayfie Raises $10 Million in Funding

“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.”

August 17, 2019
2 minute read

iCONECT Secures Strategic Capital Funding

“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.”

August 8, 2019
2 minute read

Guidehouse to Acquire Navigant Consulting, Inc. for $1.1 Billion

“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.”

August 5, 2019
4 minute read

Legility Acquires eDiscovery Company iControlESI

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.

August 1, 2019
2 minute read

Pivotal Announces Acquisitions of Strategic Legal Solutions and Compiled by KLDiscovery

“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.”

July 29, 2019
5 minute read