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.
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.
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.
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.
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.
“For eTERA to achieve the full potential we as ownership envisioned for it, we needed to find the right partner, one who is grounded and successful in the space, and who would both be able to understand the unique value proposition and leverage the strengths of eTERA,” says Corr. “We are overjoyed in finding that partner (in HaystackID) and agreeing to terms for them to take over majority management and direct oversight.”
Yerra is the fourth legal business Elevate has acquired in four months, including legal AI technology and consultancy LexPredict, contract lifecycle management (CLM) provider Sumati Group, and UK NewLaw legal resourcing firm Halebury. Along with Yerra’s international presence and expertise, Yerra’s roster of marquee global customers was a decisive factor in this acquisition. Credit Suisse acted as exclusive financial advisor to Yerra.
EXTEND Resources today announced that the company has acquired a controlling interest in Nighthawk Global Business Process Services, Inc., a leading provider of outsourced business and legal support services headquartered in Manila, Philippines. The combined company leverages a highly-skilled team of business and legal professionals and innovative information security practices to deliver a wide range of cost-effective services to its clients.
The acquisition combines the business models and expertise of two leading eDiscovery providers to help HaystackID’s growing customer base of leading corporations, law firms, and data-dependent government agencies solve difficult data and legal discovery challenges.
Trustpoint.One today announced the acquisition of Kelly Legal Managed Services (KLMS), formerly known as “Kelly Law Registry.” The acquisition of KLMS enhances Trustpoint’s growing footprint and ever-expanding suite of legal staffing and comprehensive legal solutions.