HaystackID Announces Recapitalization

“We are exceptionally pleased with the growth of HaystackID and delighted to continue our support and investment in Hal Brooks and his team as they continue to focus on addressing customer needs with superior services,” shared HaystackID Board Member Mike Bryant, Partner at Knox Capital. “We are also thrilled to work with Quad-C and look forward to benefiting from their deep industry and investment expertise as we seek to quicken HaystackID’s growth pace and expand its growth path.”

en flag
nl flag
et flag
fi flag
fr flag
de flag
pt flag
ru flag
es flag

Press Announcement

eDiscovery Provider HaystackID Announces Recapitalization for Strategic Growth

Quad-C Management, a Leading Middle Market Private Equity Firm, Invests in Rapidly Growing eDiscovery Provider

HaystackID, a specialized eDiscovery services firm that helps corporations and law firms find, listen to, and learn from data when they face complex, data-intensive investigations and litigation, today [February 3, 2020] announced the completion of a strategic recapitalization of the company by Quad-C Management, Inc. (“Quad-C”), a leading middle market private equity firm. The transaction marks a transition from founding management and Knox Capital Holdings, LLC (“Knox”), supported by investment from ORIX Private Equity Solutions, Baird Principal Group and Maranon Capital. Knox, select company founders and Baird Principal Group will retain a minority stake in the company going forward.

Founded in 2011 and based in Washington, D.C., HaystackID is a leading provider of specialized eDiscovery services. The company provides global support for computer forensics, eDiscovery, and attorney document reviews with integrated and organic offerings delivered under the Forensics First, Early Case Insight, and ReviewRight services lines. Built through a combination of organic development coupled with the recent strategic acquisitions of Inspired Review, Envision Discovery, and eTERA Consulting, HaystackID’s executive management team, led by CEO Hal Brooks, will continue to lead the company as it begins its next stage of expansion.

“We are tremendously excited to partner with Quad-C given its successful track record of investing in the legal discovery services market and its alignment with our culture and strategic growth plan,” shared Hal Brooks, CEO of HaystackID. “Our shared vision on how we can invest both organically and through acquisitions will allow us to continue to accelerate the already rapid growth of the company by expanding the depth, breadth, and reach of our data and legal discovery services. We truly look forward to working with the Quad-C team to meet the opportunity and needs of our rapidly expanding customer base.”

“HaystackID has quickly become one of the leaders in delivering quality litigation support services under extreme deadlines to meet the needs of its customers regardless of their location or language,” said Jack Walker, Principal, Quad-C. “The Company’s remote review platform, ReviewRight, is unique in the marketplace and allows HaystackID to deliver an unmatched level of service to its customers.”

“Hal Brooks and his team have done a remarkable job growing the HaystackID platform over the past few years,” added Tim Billings, Partner, Quad-C. “We are excited to partner with management as we together begin the next stage of the company’s growth with additional investments in infrastructure, people, and acquisitions, both domestically and internationally.”

“We are exceptionally pleased with the growth of HaystackID and delighted to continue our support and investment in Hal Brooks and his team as they continue to focus on addressing customer needs with superior services,” shared HaystackID Board Member Mike Bryant, Partner at Knox Capital. “We are also thrilled to work with Quad-C and look forward to benefiting from their deep industry and investment expertise as we seek to quicken HaystackID’s growth pace and expand its growth path.”

Terms of the investment were not disclosed.

About HaystackID

HaystackID is a specialized eDiscovery services firm that helps corporations and law firms find, listen to, and learn from data when they face complex, data-intensive investigations and litigation. With an earned reputation for mobilizing industry-leading computer forensics, eDiscovery, and attorney document review experts, our Forensics First, Early Case Insight, and ReviewRight services accelerate and deliver quality outcomes at a fair and predictable price.

HaystackID serves more than 500 of the world’s leading corporations and law firms from North American and European locations. Our combination of expertise and technical excellence, coupled with a culture of white glove customer service, makes us the alternative legal services provider that is big enough to matter but small enough to care. Learn more at HaystackID.com.

About Quad-C

Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution, and transportation/logistics companies. In its nearly three-decade history, Quad-C has invested over $3 billion of capital in over 65 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. Learn more about Quad-C at QuadCManagement.com.

About Knox Capital

Foundational Capital for Middle Market Businesses. Founded in 2013, Knox Capital was created to provide capital and hands-on operating resources for founder and entrepreneur-owned middle market businesses. We operate under flexible investment horizons through private investors that are focused on the long-term. By utilizing our extensive executive and operating advisor network, Knox makes tailored investments across industries in partnership with owners and management. Knox Capital is headquartered in Chicago, Illinois. Learn more at Knox-Cap.com.

Read the complete release at eDiscovery Provider HaystackID Announces Recapitalization for Strategic Growth

Additional Reading

Source: ComplexDiscovery

Business as Unusual? Eighteen Observations on eDiscovery Business Confidence in the Summer of 2020

The results of the recent Summer 2020 eDiscovery Business Confidence Survey present the unfortunate and continuing impact of COVID-19 on the business of eDiscovery. However, for these pandemic-driven results to be fully understood, they should be viewed through the contextual lens of the results of all nineteen surveys that have been administered to eDiscovery professionals since the inception of the eDiscovery Business Confidence Survey in early 2016.



Check Out the Observations Now!

ComplexDiscovery combines original industry research with curated expert articles to create an informational resource that helps legal, business, and information technology professionals better understand the business and practice of data discovery and legal discovery.

All contributions are invested to support the development and distribution of ComplexDiscovery content. Contributors can make as many article contributions as they like, but will not be asked to register and pay until their contribution reaches $5.

Sharing is Caring? ayfie Group Lists on Merkur Market of Oslo Stock Exchange

According to Johannes Stiehler, CEO of ayfie Group, in a July...

XDD Acquires Anexsys

According to David Moran, XDD President and COO, “Complementing our recent...

Missing Something? Topic Modeling in eDiscovery

The basic idea behind topic modeling, according to eDiscovery expert and...

HaystackID and NightOwl Global Merge

According to today's announcement, the NightOwl merger is HaystackID's fourth major...

A Running List: Top 100+ eDiscovery Providers

Based on a compilation of research from analyst firms and industry...

The eDisclosure Systems Buyers Guide – 2020 Edition (Andrew Haslam)

Authored by industry expert Andrew Haslam, the eDisclosure Buyers Guide continues...

The Race to the Starting Line? Recent Secure Remote Review Announcements

Not all secure remote review offerings are equal as the apparent...

Enabling Remote eDiscovery? A Snapshot of DaaS

Desktop as a Service (DaaS) providers are becoming important contributors to...

Home or Away? New eDiscovery Collection Market Sizing and Pricing Considerations

One of the key home (onsite) or away (remote) decisions that...

Revisions and Decisions? New Considerations for eDiscovery Secure Remote Reviews

One of the key revision and decision areas that business, legal,...

A Macro Look at Past and Projected eDiscovery Market Size from 2012 to 2024

From a macro look at past estimations of eDiscovery market size...

An eDiscovery Market Size Mashup: 2019-2024 Worldwide Software and Services Overview

While the Compound Annual Growth Rate (CAGR) for worldwide eDiscovery software...

Business as Unusual? Eighteen Observations on eDiscovery Business Confidence in the Summer of 2020

Based on the aggregate results of nineteen past eDiscovery Business Confidence...

A Growing Concern? Budgetary Constraints and the Business of eDiscovery

In the summer of 2020, 56% of respondents viewed budgetary constraints...

A Change in Tempo? eDiscovery Operational Metrics in the Summer of 2020

In the summer of 2020, 91 eDiscovery Business Confidence Survey participants...

Shifting Gears? eDiscovery Business Confidence Survey Results – Summer 2020

This is the nineteenth quarterly eDiscovery Business Confidence Survey conducted by...

Sharing is Caring? ayfie Group Lists on Merkur Market of Oslo Stock Exchange

According to Johannes Stiehler, CEO of ayfie Group, in a July...

XDD Acquires Anexsys

According to David Moran, XDD President and COO, “Complementing our recent...

HaystackID and NightOwl Global Merge

According to today's announcement, the NightOwl merger is HaystackID's fourth major...

Mitratech Acquires Tracker Corp

The acquisition supports Mitratech’s mission to provide legal and compliance solutions...

Five Great Reads on eDiscovery for July 2020

From business confidence and operational metrics to data protection and privacy...

Five Great Reads on eDiscovery for June 2020

From collection market size updates to cloud outsourcing guidelines, the June...

Five Great Reads on eDiscovery for May 2020

From review market sizing revisions to pandemeconomic pricing, the May 2020...

Five Great Reads on eDiscovery for April 2020

From business confidence to the boom of Zoom, the April 2020...

[New Survey]
[New Survey]