Editor’s Note: Reveal’s acquisition of Onna Technologies is the latest in a series of strategic moves aimed at expanding its eDiscovery capabilities and market reach. This acquisition, along with the previous purchases of Logikcull and IPRO, demonstrates Reveal’s commitment to providing a comprehensive, AI-driven eDiscovery platform that addresses the evolving needs of legal professionals in an increasingly digital landscape.

As the volume and complexity of electronic data continue to grow, the need for efficient and effective eDiscovery solutions becomes more pressing. Reveal’s integration of Onna’s advanced data collection technology into its platform is a significant step towards meeting this challenge head-on.

The legal technology industry will likely see further consolidation and innovation as companies strive to provide more streamlined, cost-effective, and user-friendly eDiscovery solutions. Reveal’s recent acquisitions position the company well to capitalize on these trends and deliver value to its clients across various industries and jurisdictions.

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Industry News – Investment Beat

Reveal’s Acquisition Streak Continues with Onna, Enhancing Data Collection

ComplexDiscovery Staff

Reveal, an AI-powered eDiscovery solutions provider, has acquired Onna Technologies, a company known for its expertise in data collection from cloud-based collaboration tools. The acquisition, announced on May 7, 2024, comes just months after Reveal’s purchase of Logikcull and IPRO in August 2023, signaling a rapid expansion of the company’s eDiscovery services and technologies.

Reveal’s latest acquisition seeks to enhance its capabilities on the “left side” of the Electronic Discovery Reference Model (EDRM), which involves the initial stages of handling electronic data, such as information management and identification. Onna Technologies is known for its software solutions that enable data gathering and management, catering to the growing volume of unstructured data generated from digital communication tools like Slack, Teams, and Zendesk.

The integration of Onna’s technology is expected to streamline the data collection process, making it more cost-effective and minimizing legal risks. The acquisition comes at a time when enterprises face challenges managing the surge of data produced by modern communication and collaboration tools. By integrating Onna’s technology, Reveal’s eDiscovery platform will enable more defensible data practices, ensuring that data can be culled efficiently and with lower compliance risks.

Reveal’s earlier acquisitions of Logikcull and IPRO for over $1 billion, funded by K1 Investment Management, were part of a strategy to create a unified, end-to-end eDiscovery platform capable of handling legal cases at any scale. The combination of Logikcull’s functionality, IPRO’s global reach, and Onna’s specialized data collection capabilities, positions Reveal to meet the diverse needs of its clientele ranging from small businesses to large enterprises and government agencies.

These strategic acquisitions enhance Reveal’s offering, making it a significant player in the legal technology market. It expands its geographic and functional reach and establishes its position as a comprehensive provider of eDiscovery solutions that span the entire legal process from data collection to trial presentation.

The integration of Onna’s technology into Reveal’s platform is expected to reduce the time and costs associated with the eDiscovery process. By automating and streamlining data collection from various cloud-based sources, legal teams can focus more on the strategic aspects of their cases rather than the technical complexities of data management.

This acquisition also highlights the growing importance of AI and machine learning in the legal technology sector. Reveal’s AI-powered platform, now bolstered by Onna’s data collection capabilities, has the potential to change how legal professionals approach eDiscovery. By leveraging AI to identify relevant data patterns and insights, legal teams can make more informed decisions and build stronger cases.

Furthermore, the integration of Onna’s technology is expected to enhance Reveal’s ability to serve clients in highly regulated industries, such as healthcare and finance. With increasing regulatory scrutiny on data privacy and security, having a robust and compliant eDiscovery solution is critical. Onna’s expertise in handling sensitive data from various sources will help Reveal strengthen its position in these key verticals.

As the legal technology landscape continues to evolve, Reveal’s strategic acquisitions and technological advancements position it at the forefront of the industry. By offering a comprehensive, AI-driven eDiscovery platform that spans the entire EDRM, Reveal is empowering legal professionals to navigate the complexities of the digital age with greater efficiency and insight.

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Source: ComplexDiscovery OÜ


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