According to Johannes Stiehler, CEO of ayfie Group, in a July 7, 2020, announcement, “This is a great time for us to join the Merkur Market. While COVID-19 is obviously not over, we are definitely seeing business pick up in all areas. Our knowledge discovery product ayfie Locator was recently licensed to several large Norwegian law firms, while our eDiscovery tool ayfie Inspector is gaining traction in the US. As courts get back to work after the lock-down there, we are seeing revenue increase due to a rising number of transactions.”
According to David Moran, XDD President and COO, “Complementing our recent domestic acquisitions, adding Anexsys to the XDD family enables XDD to expand eDiscovery, Forensics and Managed Review services in the UK.”
According to today’s announcement, the NightOwl merger is HaystackID’s fourth major investment event since April 2018. In April 2018, HaystackID acquired Envision Discovery, an eDiscovery managed services provider, and Inspired Review, a managed review and remote review services provider. In January 2019, HaystackID acquired eTERA Consulting, an eDiscovery managed services provider. Additionally, in February 2020, HaystackID completed a strategic recapitalization with Quad-C to support the continued growth and expansion of company depth, breadth, and reach.
The acquisition supports Mitratech’s mission to provide legal and compliance solutions to mitigate risk across organizations. Via Tracker, HR, and Legal teams can employ best practices, innovative features, and seamless integration to help minimize staffing-related risk and safeguard business continuity.
According to David Moran, XDD President, and COO, “As we continue to expand business operations nationwide, adding LightSpeed Legal to the XDD family further bolsters our physical presence in the DC market.”
According to XDD CEO Bob Polus, “Merging forces with RVM further strengthens our service offering in the tristate area. RVM’s drive to provide exemplary service to clients across all phases of the EDRM mirrors XDD’s mission, vision, and culture, making it a natural fit for our organization as we continue to expand business operations nationwide.”
According to Dean Brown, CEO at Ipro Tech, “We are thrilled to combine the strengths of these two companies and we are positioned to take a competitive advantage as the leader in Information Governance and eDiscovery by incorporating NetGovern’s solutions, people, and knowledge into the Ipro family. By integrating these technologies, we will empower corporations to gain control over their data and lower the costs related to data security, compliance, investigations and litigation through the use of in-place indexing and analysis, data connectors, smart collections, and advanced analytics.”
According to Janders Dean founder Justin North, “Now more than ever, the legal industry is reimagining the way it works, from evaluating working practices to assessing cost models. There is a huge appetite to move beyond hype and towards implementing major transformation programmes that deliver measurable value. By joining forces with Morae, we can help drive meaningful improvement and lasting change for our clients.”
From UnitedLex to Onna, ComplexDiscovery findings, data points, and tracking information from April 1, 2020, to June 30, 2020, may be useful for understanding merger, acquisition, and investment activity patterns in the eDiscovery ecosystem during the historically unique and COVID-constrained second calendar quarter of 2020.
According to the announcement, with the inclusion of enterprise and vendor risk management capabilities from the acquisition of CMPG, Mitratech now provides a comprehensive set of risk and compliance management tools that marry top-down visibility and oversight with the ability to enforce regulatory and corporate compliance throughout their business and its vendor ecosystem.