According to Candice Corby, Chief Executive Officer for Cobra Legal Solutions, “We looked carefully at what services our clients and the market find essential and sought out the best providers. Adding Digital Discovery to the Cobra family of companies increases our ability to help corporate legal teams, law firms, and government agencies with their pre-litigation and incident response challenges.”
According to TransPerfect President and CEO Phil Shawe, “We have competed against Semantix in the Nordics for more than 15 years and have admired their leadership position and strong reputation. It is exciting to have them as part of our rapidly growing global team and to work together to achieve great things for our customers. We welcome everyone at Semantix to the TransPerfect family, which will be a homecoming for some staff members who have worked with TransPerfect in the past.”
According to Bret Laughlin, CEO and co-founder of Braintrace, “NDR is critical to successful threat hunting. Braintrace’s competitive differentiation is its unique NDR technology that our MDR analysts leveraged for finding, interrupting and remediating cyberattacks. With our own NDR technology, the team responds faster and more accurately because of the real-time, automated visibility and threat verification they have into encrypted traffic. We built Braintrace’s NDR technology from the ground up for detection and now, with Sophos, it will fit into a complete system to provide cross-product detection and response across a multi-vendor ecosystem.”
A registration statement relating to the initial public offering by DISCO (LAW) has been filed with the Securities and Exchange Commission and was declared effective on July 20, 2021. The offering will be made only by means of a prospectus forming part of the effective registration statement relating to the offering. Trading began on the New York Stock Exchange on July 21, 2021. As of 3:01 PM ET, the stock was at $42.59 per share on a volume of 3,630,397 shares, up from an opening of $32.
According to Nicolas Economou, chief executive officer of H5, “The combination of Lighthouse and H5 is a perfect, and perfectly-timed, strategic and cultural fit. The merger, under Lighthouse’s leadership, creates an unmatched suite of AI, data-analytics and advisory solutions to meet the exacting needs of corporate legal and GRC departments globally. The technology-enabled benefits that Lighthouse can deliver to global corporations with sophisticated ediscovery and information governance workflows are entirely unique.”
According to ZyLAB CEO, Dennis van der Veeke, “Founded in 1983, ZyLAB’s software has been battled-tested in some of the largest corporate fraud investigations and government inquiries and was deployed during the historic international war crime tribunals. ZyLAB has been working on large-scale Data Science in eDiscovery, especially with the contributions of Professor Johannes (Jan) Scholtes, who has been involved with the company since 1988. We chose IPRO, after considering all major players on the market, because of its commitment to innovation, security, and customer success.”
From Consilio and Xact Data Discovery to CloudNine and Crest Rock, 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 April 1, 2021, through June 30, 2021. During 2Q21 there were at least 18 M&A+I events, a pulse rate that is significantly greater than the investment pulse rate of four events during the same time frame in 2020.
With the aim of creating a solution that feels “magical” to lawyers, legal software provider CS Disco thinks the broad applicability of their solution across a spectrum of industries has created a significant market opportunity for them, a market they estimate to be $42 billion globally. On Friday, June 25, 2021, CS Disco took a significant step toward capitalizing on that market opportunity by filing for an IPO with the Securities and Exchange Commission.
According to Bob Rowe, Chief Executive Officer of Integreon, “EagleTree has a long history of investing in companies considered to be best-in-class in their respective industries and helping them accelerate growth, so we are delighted that EagleTree has chosen to partner with us. Integreon will continue to execute on its current strategy, now bolstered by EagleTree’s resources and expertise. We have experienced tremendous expansion in recent years and we look forward to working with EagleTree to continue that growth.”
The abridged listing of eDiscovery merger, acquisition, and investment (M&A+I) events seeks to consolidate and highlight key eDiscovery-related investment events and corresponding event dates, company involvement, and known event investment amounts. The general consideration for inclusion in this running listing is the public announcement of an investment event by an organization that offers an eDiscovery solution as part of their overall offering portfolio regardless of their core business.