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Sonasoft Signs Definitive Purchase Agreement to Acquire AI Company Hotify

“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.”

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XDD Acquires QUiVX eDiscovery

Xact Data Discovery announces the acquisition of QUiVX’s forensics, review and eDiscovery services. QUiVX, an agile eDiscovery company based in northern California, will continue to operate its paper discovery business under the QUiVX brand.

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TransPerfect Acquires Video Content Specialist Propulse Video

Demand for original video for web content, e-learning, social media, and global marketing is increasing at a rapid pace, and Propulse’s expertise provides TransPerfect with the ability to service clients in need of a one-stop-shop for producing global video content.

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Luminance Raises $10M From Existing Investors

Luminance, the leading artificial intelligence platform for the legal profession, has raised $10m from existing investors Invoke Capital, Talis Capital and Slaughter and May, valuing the company at $100m. The funds will be used to support Luminance’s recent product expansion and global growth, with the company now having four offerings, five global offices and over 70 employees since launching in 2016.

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OpenText Buys Catalyst

OpenText today announced it has acquired Catalyst Repository Systems, Inc. (Catalyst), a leading provider of eDiscovery solutions for corporate legal departments and top law firms. The purchase price of the acquisition is approximately $75 million in an all-cash transaction.

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Sonasoft Signs LOI to Acquire AI Company Hotify

Sonasoft Corp., a leader in innovative eDiscovery and artificial intelligence (AI) solutions, announces that it has jointly signed a non-binding letter of intent (LOI) with Hotify Inc. to acquire Hotify along with all its related interests and assets. Hotify Inc. is an artificial intelligence (AI) software company and is the developer of NuGene, an AI cloud-based platform that adds intelligence to solve many industry-specific challenges.

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Elevate Acquires Cognatio Law

Elevate today announced it has acquired Cognatio Law, a Hong Kong-based flexible lawyering and legal consulting business serving in-house legal and compliance teams as well as law firms across Asia Pacific.

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DISCO Raises $83 Million, Bringing Total Investment to $135 Million

DISCO has raised $135 million, more than any other enterprise legaltech company. This investment reflects the market’s consolidation behind DISCO as the leading cloud ediscovery platform, and the growing customer consensus that cloud ediscovery will replace legacy ediscovery services vendors and software providers.

eDiscovery Mergers, Acquisitions, and Investments in 2018

Since beginning to track the number of publicly highlighted merger, acquisition, and investment (M&A+I) events in the eDiscovery ecosystem, ComplexDiscovery has noted more than 360 M&A+I events between November 2001 and December 2018. In considering M&A+I events in 2018, the following findings, drivers, data points, and tracking charts may be useful for understanding the activity patterns of these business events between January 1, 2018, and December 31, 2018.