Lightyear Capital LLC, a New York-based private equity firm focused on financial services, announced today that investment funds affiliated with Lightyear have acquired a controlling stake in Lighthouse, a leader in technology-enabled eDiscovery, compliance and information governance.
Sonasoft today announced that it has completed the acquisition of Hotify and all its related interests, assets, and intellectual property. Hotify’s accounting books have been audited, and Sonasoft’s Board has approved the acquisition. The completion of these objectives finalized the acquisition that now makes Hotify, Inc. a Sonasoft company.
Congruity360 expands its data governance solution portfolio and completes its end-to-end eDiscovery suite with the acquisition of SaGo.ai Inc., and SaGo’s proprietary litigation hold solution, Hold360 (formerly Legal Hold).
“This is a tremendous opportunity for our employees and our clients,” stated Oleh Hrycko, H&A eDiscovery President. “Arbor Ridge Partners’ experience and knowledge of the Litigation Support and eDiscovery industry was invaluable. They understood our particular goals and objectives and provided options that were spot on and with exceptional guidance, communication, and counsel.”
EY and Thomson Reuters today announced an agreement for the acquisition of the Thomson Reuters Pangea3 Legal Managed Services (LMS) business by various firms in the EY network. The acquisition will greatly enhance EY technology-enabled legal managed services in the three core areas of contract lifecycle management, regulatory risk and compliance, and investigations and litigation.
Epiq announced today that it has acquired H&A eDiscovery, a leading Canadian eDiscovery and litigation support firm. H&A eDiscovery will immediately begin operating under the Epiq brand.
Sonasoft Corp., a leader in innovative eDiscovery and artificial intelligence (AI) solutions, has announced that it has signed a non-binding letter of intent (LOI) to acquire E-Connect Software, Inc. and OPtimAIze, Inc., along with all related interests and assets. E-Connect Software, Inc. is an AI consulting firm and OPtimAIze, Inc. is an AI company that specializes in artificial intelligence for information technology operations (AIOps).
ComplexDiscovery findings, data points, and tracking information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from January 1, 2019, through March 22, 2019.
“While this was a solid business for Epiq, it was clear to us that it would be best served if aligned with an organization focused on investing in and growing court reporting and related services in the U.S.,” said David Dobson, chief executive officer of Epiq. “Veritext is growing and committed to the court reporting industry on all levels and a perfect fit to service the needs of our court reporting clients.”
“With the acquisition of Hotify, Sonasoft is poised to be a disruptive competitor in the industry,” said Andy Khanna, Vice Chairman of Sonasoft, who is in charge of mergers, acquisitions, and compliance matters. “Hotify has proven AI technology, and that is why we pursued this acquisition. When combined with Sonasoft’s client and partner portfolio along with our strong sales and marketing engine, we have an incredible opportunity for success. Our existing IP in data archiving and eDiscovery is an initial launching point to fully integrate Hotify’s AI.”