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Text IQ Raises $12.6M Series A to Advance AI Platform for Identifying Sensitive Information

Text IQ has developed a suite of AI solutions to help enterprises find sensitive information in near real-time, greatly improving upon traditional manual processes. Text IQ’s AI solutions identify sensitive information at 10 times the speed and 4 times less cost than traditional methods – along with reducing the risk of missing sensitive information by over 50%.

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Elevate Secures $25 Million Investment from Kayne Partners

“Elevate now provides services to over one hundred Global 1000 corporations and over twenty global law firms,” says Brown. “This reflects the accelerating trend for law departments, law firms, and law companies to work together to more efficiently meet the growing legal demands in the business world. Our AI-powered enterprise legal management software platform supports process transformation for some of the most innovative global companies and law firms in the world.”

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IGP (Israel Growth Partners) Together With Its Major LPs Invest $110M in Cellebrite

“As we continue our growth journey in the Digital Intelligence market, we identified the need to add a strategic partner that will support our long-term vision and our commitment to our customers,” commented Yossi Carmil, Global Co-CEO of Cellebrite. “We are pleased to announce that after careful consideration through a rigorous process we were able to successfully structure a long-term partnership with IGP.”

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AI Startup Infinnium Attracts Major Seed Investment

“Globally organizations are facing exponential data growth, combined with increasing complexity in security and data privacy. Organizations are not well equipped to derive the financial benefits available from effective information governance, and they continue to face expensive penalties and loss of financial value as long as the IG technology gap exists,” says Bhargav Kotadia, managing director, Sahajanand Group. “We have invested in Infinnium with a long-term outlook. We believe that Infinnium has the strategic vision and groundbreaking AI solutions to lead the coming transformation in information governance and data privacy.”

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Exterro Acquires Jordan Lawrence

The combination of Jordan Lawrence and Exterro will deliver the only integrated software platform that provides organizations with the ability to address all of these challenges simultaneously, resulting in higher productivity, lower costs and unprecedented risk mitigation,” said Bobby Balachandran, CEO at Exterro.

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Reveal Data Acquires Mindseye Solutions

“We are excited about the opportunity to partner with the Mindseye team in order to continue to deliver cutting edge solutions to our customers worldwide,” said Wendell Jisa, Founder and CEO of Reveal. “The ability to leverage Mindseye’s advanced processing capabilities and ECA tools within the Reveal platform will provide our customers with the most complete and cost-efficient solution in the market.”

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EY Announces Completion of Pangea3 Legal Managed Services Acquisition

The acquisition significantly grows the existing EY Law service offerings. With Pangea3, more than 1,100 legal project managers, services professionals and technologists join EY, bringing the total number of EY Law professionals across the globe to 3,500. The acquisition will enhance EY technology-enabled LMS in the three core areas of contract life cycle management, regulatory risk and compliance, and investigations.

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Pivotal Acquisition Corp. to Merge with KLDiscovery

Pivotal Acquisition Corp., a public investment vehicle, and KLDiscovery, a global provider of electronic discovery and information governance services to Fortune 500 companies and top law firms, announced on May 20, 2019, that they have entered into a definitive agreement in which KLD and Pivotal will merge. As a result of the transaction, valued at approximately $800 million in enterprise value, KLD will become a publicly listed company.

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Sonasoft Signs Definitive Purchase Agreement to Acquire E-Connect Software, Inc.

Sonasoft announces that it has signed a definitive purchase agreement to acquire the data engineering and artificial intelligence (AI) company, E-Connect Software, Inc., and all its related interests, assets, and intellectual property. E-Connect Software, Inc. is a data engineering and AI consulting firm with deep expertise and a proven track record in data management, cloud migrations, and data integration.

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Spire Capital Announces Exit of Portfolio Company, Lighthouse Global

Spire Capital today announced that it has closed on the sale of Lighthouse Global, a leading technology-enabled eDiscovery and advisory services business. Financial terms were not disclosed. Macquarie Group acted as exclusive financial advisor to Spire Capital and Lighthouse. Dentons served as legal counsel to Spire Capital and Lighthouse.