ComplexDiscovery findings, data points, and tracking information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from January 1, 2019, through March 22, 2019.
Veritext Legal Solutions Acquires U.S. Court Reporting Business from Epiq
“While this was a solid business for Epiq, it was clear to us that it would be best served if aligned with an organization focused on investing in and growing court reporting and related services in the U.S.,” said David Dobson, chief executive officer of Epiq. “Veritext is growing and committed to the court reporting industry on all levels and a perfect fit to service the needs of our court reporting clients.”
Explaining Elevate’s Recent Acquisitions (Liam Brown)
“Why did we start Elevate?” Back in 2011, we saw demand for legal services outstripping the growth of the economy, and that demand was being driven by trends such as the explosion of data, regulation, and globalization. Increasingly, legal was woven into the day-to-day operations of the business, rather than being a silo function. More internal and external customers began demanding even more legal services, at the same time they were becoming accustomed to ‘always-on, instant service’ in their consumer life.
Sonasoft Signs Definitive Purchase Agreement to Acquire AI Company Hotify
“With the acquisition of Hotify, Sonasoft is poised to be a disruptive competitor in the industry,” said Andy Khanna, Vice Chairman of Sonasoft, who is in charge of mergers, acquisitions, and compliance matters. “Hotify has proven AI technology, and that is why we pursued this acquisition. When combined with Sonasoft’s client and partner portfolio along with our strong sales and marketing engine, we have an incredible opportunity for success. Our existing IP in data archiving and eDiscovery is an initial launching point to fully integrate Hotify’s AI.”
XDD Acquires QUiVX eDiscovery
Xact Data Discovery announces the acquisition of QUiVX’s forensics, review and eDiscovery services. QUiVX, an agile eDiscovery company based in northern California, will continue to operate its paper discovery business under the QUiVX brand.
TransPerfect Acquires Video Content Specialist Propulse Video
Demand for original video for web content, e-learning, social media, and global marketing is increasing at a rapid pace, and Propulse’s expertise provides TransPerfect with the ability to service clients in need of a one-stop-shop for producing global video content.
OpenText Buys Catalyst
OpenText today announced it has acquired Catalyst Repository Systems, Inc. (Catalyst), a leading provider of eDiscovery solutions for corporate legal departments and top law firms. The purchase price of the acquisition is approximately $75 million in an all-cash transaction.
Sonasoft Signs LOI to Acquire AI Company Hotify
Sonasoft Corp., a leader in innovative eDiscovery and artificial intelligence (AI) solutions, announces that it has jointly signed a non-binding letter of intent (LOI) with Hotify Inc. to acquire Hotify along with all its related interests and assets. Hotify Inc. is an artificial intelligence (AI) software company and is the developer of NuGene, an AI cloud-based platform that adds intelligence to solve many industry-specific challenges.
DISCO Raises $83 Million, Bringing Total Investment to $135 Million
DISCO has raised $135 million, more than any other enterprise legaltech company. This investment reflects the market’s consolidation behind DISCO as the leading cloud ediscovery platform, and the growing customer consensus that cloud ediscovery will replace legacy ediscovery services vendors and software providers.
Signet LLC Announces Sale of eTERA Consulting to HaystackID
“For eTERA to achieve the full potential we as ownership envisioned for it, we needed to find the right partner, one who is grounded and successful in the space, and who would both be able to understand the unique value proposition and leverage the strengths of eTERA,” says Corr. “We are overjoyed in finding that partner (in HaystackID) and agreeing to terms for them to take over majority management and direct oversight.”