According to the media release, DISCO will use this investment to aggressively expand its go-to-market team, doubling sales capacity in North America over the next 12-15 months, expanding its dedicated enterprise sales team, and growing its presence in the EMEA and APAC regions. The company highlighted that it will also expand its strategic channel program, working with service providers who resell DISCO, including a growing number of the largest global service providers. DISCO will continue to invest in its cloud technology platform, software products like DISCO Ediscovery and DISCO Case Builder, and productized legal services like its fast-growing AI-powered DISCO Managed Review offering.
According to today’s announcement, the RYABI Group merger is Rampiva’s first acquisition event since its founding. The combined organization now has offices in the United States, Canada, Switzerland, and Australia. Additionally, with this merger, the RYABI Group’s founders will integrate with the Rampiva team, become active shareholders in the combined company, and transition to operating under the Rampiva brand.
From HaystackID and NightOwl Global to Reveal Data and NexLP, 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, 2020, through September 30, 2020. During 3Q20 there were at least fourteen M&A+I events, a pulse rate that exceeds the pre-COVID investment pulse rate of eleven events during the same time frame in 2019.
According to Mike Williams, CEO of Mitratech, “We came to the realization that smaller departments that haven’t yet adopted technology to manage documents, control legal spend, process claims, and otherwise streamline operations have fallen further behind the rest of the industry on the legal technology maturity curve. So we saw an incredible opportunity to help this underserved portion of the market, and Acuity ELM will help us do that.”
“By integrating Globanet’s technology into our digital compliance portfolio, we’re making it simpler for Veritas customers to find and act on more of their data, no matter where it lives,” said Greg Hughes, CEO, Veritas. “Today’s announcement accelerates and strengthens our vision for the Veritas Enterprise Data Services Platform and improves its world-class compliance capabilities. No matter what communications and data management platform our customers use, we enable them to optimize and monitor all their content as it moves from backup to archive to discovery.”
According to John Beveridge, writing for Small Caps, Macquarie holds a massive 65% of Nuix on its own balance sheet and looks set to make a massive profit compared to its original cost for the stake. Those who have attended investor roadshows for the float which were led by Nuix chief executive Rod Vawdrey, said the company has revenue for the year ending on June 30 above $176 million.
According to Johannes Stiehler, CEO of ayfie Group AS, “This acquisition is a perfect fit for us because it will both extend our reach in one of our core geographies and strengthen our competence center in Oslo. By bringing together Haive’s and ayfie’s customer bases and market insights, we can deliver even more relevant solutions to both our clients.”
“Integro and Innovative Discovery’s services and solutions are highly complementary. Our respective customers will be able to take advantage of greatly expanded skillsets and service offerings now that two of the most respected companies in the industry have joined forces,” noted Scott Burt, CEO of Integro, in today’s press announcement.
According to the press announcement, industry analysts have enthusiastically supported this investment and confirmed the value this will bring to the eDiscovery industry. Ryan O’Leary, Esq., Senior Research Analyst at IDC, shared, “Despite the COVID-19 pandemic, the eDiscovery software market has proved to be crucial to business resiliency and has maintained investment. The investment in Venio comes at an opportune time as corporations look to improve their ECA and processing capabilities to drive savings further down the EDRM.”
According to Jay Leib, Co-Founder and CEO of NexLP, “We chose Reveal, after considering all the major players in the space, because they offer by-far, the most comprehensive, solutions-oriented technology on the market and we have a shared vision for the future of legal technology. Reveal’s global footprint and ability to deploy the Reveal solution in the cloud or on-premise enables us to rapidly expand the adoption of AI to tens of thousands of legal, risk, and compliance professionals overnight. Our existing clients and partners should all be thrilled with our ability to expand our capabilities by joining Reveal.”