Mon. May 23rd, 2022

    Press Announcement

    Donnelley Financial Solutions (NYSE: DFIN) announced today [December 18, 2018] that it has entered into a definitive agreement to acquire eBrevia, a leading provider of artificial intelligence-based data extraction and contract analytics software solutions. The acquisition aligns with DFIN’s commitment to providing clients with best-in-class secure data aggregation, due diligence, compliance and risk management solutions.

    “DFIN has a rich history of innovation to meet the evolving needs of clients, while also leading the industry in providing insightful technology-enabled solutions, industry expertise and data insights at every stage of the business and investment lifecycle,” said Daniel N. Leib, chief executive officer of DFIN. “Together with eBrevia, we are excited to provide superior artificial intelligence-based solutions to our global clients. This acquisition enhances our suite of industry-leading software solutions and provides highly relevant, recurring services for current and prospective clients.”

    DFIN’s current and prospective clients will benefit from:

    • Tech-forward data extraction: eBrevia provides a platform that uses artificial intelligence – machine learning and natural language processing – to extract and analyze data.
    • Accurate productivity: The platform helps attorneys review up to 90 percent faster and more accurately.
    • Seamless integration with Venue: eBrevia’s platform seamlessly integrates with DFIN’s Venue Data Room solution providing intelligence on end-to-end deal solutions.
    • Secure and Actionable: within DFIN’s Venue Data Room, your data is protected with bank-grade security, powerful encryption, and eBrevia’s output delivers actionable intelligence in easy to read summaries.

    “DFIN has always been known for providing innovative technology solutions at critical times with a superior level of service,” said Ned Gannon, eBrevia co-founder and CEO. “We’re excited to join forces with DFIN. eBrevia’s diverse client base including accounting, consulting, law firms and corporates will benefit significantly as we continue to rapidly advance our leading AI products.”

    “We have been at the forefront of delivering artificial intelligence-based data solutions to our clients since our partnership with eBrevia began in 2015,” said Craig Clay, president of Global Capital Markets at DFIN. “The eBrevia team under co-founders Ned Gannon, Adam Nguyen and Jake Mundt have developed groundbreaking solutions that not only efficiently manage, analyze and extract data, but do so with next-generation artificial intelligence that has exciting additional applications for our broader business,” concluded Clay.

    DFIN and eBrevia are committed to transform the way companies extract and analyze data with efficient, savvy solutions and exceptional service. In addition to the comprehensive regulatory and compliance suite of products DFIN already offers, clients will now have access to best-in-class artificial intelligence-based platforms, substantial global resources and a continued commitment to technological innovation.

    Given DFIN’s existing ownership of eBrevia, the net purchase price to DFIN at closing is approximately $19.5 million in cash. The sellers also may earn additional cash consideration of up to $4 million if certain performance targets are achieved post-closing. The acquisition, which is expected to close within the next 30 days, is expected to be cash flow positive in 2020 and is consistent with the Company’s disciplined approach to capital allocation.

    Additional Reading

    Source: ComplexDiscovery

     

    Have a Request?

    If you have information or offering requests that you would like to ask us about, please let us know and we will make our response to you a priority.

    ComplexDiscovery is an online publication that highlights cyber, data, and legal discovery insight and intelligence ranging from original research to aggregated news for use by cybersecurity, information governance, and eDiscovery professionals. The highly targeted publication seeks to increase the collective understanding of readers regarding cyber, data, and legal discovery information and issues and to provide an objective resource for considering trends, technologies, and services related to electronically stored information.

    ComplexDiscovery OÜ is a technology marketing firm providing strategic planning and tactical execution expertise in support of cyber, data, and legal discovery organizations. Focused primarily on supporting the ComplexDiscovery publication, the company is registered as a private limited company in the European Union country of Estonia, one of the most digitally advanced countries in the world. The company operates virtually worldwide to deliver marketing consulting and services.

    Challenged by Leaky Forms? A Study of Email and Password Exfiltration

    The report "Leaky Forms: A Study of Email and Password Exfiltration...

    Automating Incident Response? Considering Artificial Intelligence in Cyberspace

    According to the recent research report from the CCDCOE on Automated/Autonomous...

    Russian Cyberattack Activity in Ukraine: A Special Report from Microsoft

    According to an April 27, 2022 report from Microsoft's Digital Security...

    Informing Business Decisions? Cybersecurity Market Analysis Framework from ENISA

    The ENISA Cybersecurity Market Analysis Framework is designed to improve market...

    Smarsh to Acquire TeleMessage

    “As in many other service industries, mobile communication is ubiquitous in...

    A Milestone Quarter? DISCO Announces First Quarter 2022 Financial Results

    According to Kiwi Camara, Co-Founder and CEO of DISCO, “This quarter...

    New from Nuix? Macquarie Australia Conference 2022 Presentation and Trading Update

    From a rebalanced leadership team to three concurrent horizons to drive...

    Strong Growth? KLDiscovery Inc. Announces First Quarter 2022 Financial Results

    According to Christopher Weiler, CEO of KLDiscovery Inc, “The first quarter...

    On the Move? 2022 eDiscovery Market Kinetics: Five Areas of Interest

    Recently ComplexDiscovery was provided an opportunity to share with the eDiscovery...

    Trusting the Process? 2021 eDiscovery Processing Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    The Year in Review? 2021 eDiscovery Review Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    A 2021 Look at eDiscovery Collection: Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    Five Great Reads on Cyber, Data, and Legal Discovery for May 2022

    From eDiscovery pricing and buyers to cyberattacks and incident response, the...

    Five Great Reads on Cyber, Data, and Legal Discovery for April 2022

    From cyber attack statistics and frameworks to eDiscovery investments and providers,...

    Five Great Reads on Cyber, Data, and Legal Discovery for March 2022

    From new privacy frameworks and disinformation to business confidence and the...

    Five Great Reads on Cyber, Data, and Legal Discovery for February 2022

    From biometric recognition and artificial intelligence to data embassies and processing...

    Feeding the Frenzy? Summer 2022 eDiscovery Pricing Survey Results

    Initiated in the winter of 2019 and conducted eight times with...

    Surge or Splurge? Eighteen Observations on eDiscovery Business Confidence in the Spring of 2022

    In the spring of 2022, 63.5% of survey respondents felt that...

    Types and Shadows? Issues Impacting eDiscovery Business Performance: A Spring 2022 Overview

    In the spring of 2022, 36.5% of respondents viewed increasing types...

    The Tide is In? eDiscovery Operational Metrics in the Spring of 2022

    In the spring of 2022, 46 eDiscovery Business Confidence Survey participants...