Tue. Feb 27th, 2024

Content Assessment: Swimming in Data? Exterro Welcomes Divebell to its Fold



A short assessment of the qualitative benefit of the recent announcement by Exterro of its acquisition best-in-class discovery solutions leader, Divebell.

Editor’s Note: Exterro’s recent acquisition of Divebell underscores its commitment to advancing data management capabilities. This strategic move allows Exterro to augment its existing platform by integrating advanced data discovery technology. Professionals in eDiscovery, privacy, and breach response will greatly benefit from the improved functionalities, as the platform will now enable a more comprehensive understanding of both structured and unstructured organizational data. This acquisition is a testament to Exterro’s dedication to serving its customers’ evolving needs and staying at the forefront of the industry.

Media Announcement Summary

Swimming in Data? Exterro Welcomes Divebell to its Fold

ComplexDiscovery Staff

In a strong move in the legal governance, risk, and compliance (GRC) software space, Exterro today announced the acquisition of Divebell, a recognized leader in data discovery solutions. This acquisition propels Exterro to a unique position in the market, enabling it to offer customers a comprehensive solution for identifying, mapping, and understanding all organizational data – both structured and unstructured.

Exterro, already a leading provider in the legal GRC software domain, seeks to harness the power of Divebell’s sophisticated data discovery capabilities. By integrating these capabilities into Exterro’s robust legal GRC platform, the company reinforces its commitment to addressing the complex data challenges faced by corporations, government entities, and global enterprises.

Bobby Balachandran, Founder and CEO of Exterro, emphasized the importance of this move, stating, “In an era where data-centric regulations are tightening and organizational functions are converging under legal oversight, having an agile, accurate, and all-encompassing platform to automatically identify and contextualize all available corporate data has never been more crucial.” He further highlighted the relevance of this acquisition in the context of the rapid adoption of AI technologies, noting that “the efficient and effective monitoring of training datasets is imperative to ensure proper data governance and avoid privacy and intellectual property issues.”

Exterro and Divebell have established a solid foundation of partnership over the years. The recent acquisition signifies a strategic move to seamlessly incorporate Divebell’s state-of-the-art automated data discovery technology into Exterro’s comprehensive platform. By doing so, the platform is poised to provide more effective solutions that directly address the intricate challenges professionals face in the realms of eDiscovery, Privacy, and Cybersecurity and Breach Response. This integration not only underscores Exterro’s commitment to innovation but also promises to deliver enhanced capabilities that will greatly benefit their clientele across these critical domains.

Shekar Raman, CEO of Birdzi, shared his positive experience with Divebell, mentioning, “In a world where data breaches and privacy issues are on the rise, partnering with Divebell has been one of our most strategic and beneficial decisions, as they have helped us stay updated and compliant with evolving privacy laws.”

Divebell’s unique data discovery engine employs advanced statistical and machine learning techniques for efficient and expansive data analysis. Exterro plans to swiftly integrate its responsible AI capabilities into Divebell’s solution, aiming to provide customers with a faster, more cost-effective, and defensible means to meet their compliance and legal responsibilities. As Divebell CEO and co-founder, Vikram Shrowty, puts it, “The combination of Divebell technology with Exterro’s world-class development team and its market-leading AI capabilities will result in faster, more powerful, and more cost-effective solutions to meet regulatory and compliance obligations.”

While financial details of the acquisition remain undisclosed, more information about Exterro Data Discovery can be found on the Exterro official website.

About Exterro

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Additional Reading

Source: ComplexDiscovery


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