Extract from Lighthouse eDiscovery Press Release (May 17, 2017)
Lighthouse eDiscovery, a leader in technology-enabled ediscovery and consulting services, today announced that it has combined forces with Discovia, a rapidly growing ediscovery company. This newly formed company instantly becomes the largest organization in the industry focused purely on ensuring optimal use of technology for ediscovery, compliance and risk management. The combination, which will be led by Brian McManus, brings together two teams with deep legal and technology experience; shared histories as innovators in ediscovery automation, review efficiency solutions and best-practice workflows; and a laser focus on best-in-class quality and client experiences.
“Lighthouse has been fortunate to lead the market in organic growth rates by adding large, multinational clients to its roster over the last five years,” said Brian McManus, chief executive officer of Lighthouse eDiscovery. “When presented with the opportunity to add an organization that was expanding quickly and organically similar to us, we knew we had to take a second look. We soon discovered that Discovia shared our core values and client-focused approach to service and quality, and had a client base that was complementary to ours. Although we could have each continued with our own growth trajectories, we realized that we had found an ideal partner in Discovia and that together we could add depth and breadth to our service offerings and client-facing teams to further benefit both client bases.”
Discovia, headquartered in San Francisco, has been providing electronic discovery services to corporations and law firms engaged in litigation, ITC investigations, HSR Second Requests and internal and regulatory investigations.
“Joining Lighthouse represents a tremendous opportunity for Discovia to expand our global reach and better meet the demands of our growing client base,” said Christian Lawrence, chief executive officer of Discovia. “The blend of culture similarities, complementary capabilities and increased scale allows us to quickly take our relationships and expertise to the next level.” Lawrence will be Executive Vice President of the combined company, focusing on business development and thought leadership.
Not only do both companies share several similarities, but they are also leading the industry in developing SaaS solutions for corporate legal departments and law firms seeking to gain more control over ediscovery, compliance and risk management. Together, Lighthouse and Discovia will provide clients around the globe with unparalleled quality and service, and innovative applications and workflows to manage the cost of ediscovery, compliance and risk management despite increasing data volumes and data types.
Spire Capital, along with management and other investors, led this investment round. Discovia was represented by investment bank MHT Partners.
“The Lighthouse team continues to grow their client base through superior products and service offerings,” said Sean White, partner at Spire Capital. “We are excited to support Lighthouse as they combine with Discovia and add additional talent, technology and customer relationships to their company.”
Additional business-related analysis and commentary from ComplexDiscovery: