According to Candice Corby, Chief Executive Officer for Cobra Legal Solutions, “We looked carefully at what services our clients and the market find essential and sought out the best providers. Adding Digital Discovery to the Cobra family of companies increases our ability to help corporate legal teams, law firms, and government agencies with their pre-litigation and incident response challenges.”
From Consilio and Xact Data Discovery to CloudNine and Crest Rock, the following findings, data points, and tracking charts highlight information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from April 1, 2021, through June 30, 2021. During 2Q21 there were at least 18 M&A+I events, a pulse rate that is significantly greater than the investment pulse rate of four events during the same time frame in 2020.
“We’re merely scratching the surface of what the application of AI to our industry can mean. Our customers recognize that while AI offers immense possibility, it must be thoughtfully designed and applied to address use cases that yield specific business outcomes,” said Mike Gamson, Chief Executive Officer at Relativity.
From Relativity and Reveal to Compliance (System One) and Veristar, the following findings, data points, and tracking charts highlight information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from January 1, 2021, through March 31, 2021. During 1Q21 there were at least ten M&A+I events, a pulse rate that equaled the investment pulse rate of ten events during the same time frame in 2020.
According to Redscan CEO, Mike Fenton, “Merging Redscan’s innovative culture and leading managed security services with Kroll’s unparalleled incident response experience and end-to-end cyber risk management capabilities allows us to provide a unique global offering. This combination will build fantastic value for our clients, who will benefit from a global team of world-class seasoned experts monitoring their environments and an expanded platform to grow our proprietary technology capabilities.”
From Nuix and DISCO to Exterro and AccessData, the following findings, data points, and tracking charts highlight information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from October 1, 2020, through December 31, 2020. During 4Q20 there were at least eight M&A+I events, a pulse rate that exceeded the pre-COVID investment pulse rate of seven events during the same time frame in 2019.
According to Bobby Balachandran, CEO at Exterro, “Converging market forces in DFIR, e-discovery, privacy and information governance are the driving factors behind this acquisition. To effectively address these critical challenges requires the ability to identify, preserve, analyze and present data in a contextual manner, quickly and inexpensively. It also requires a consistent, defensible process. said Bobby Balachandran. Ensuring the integrity of the data supply chain is of the utmost importance. With the acquisition of AccessData, Exterro combines all of these capabilities in a single, integrated platform to give organizations a holistic framework for addressing their Legal GRC challenges and obligations.”
According to TCDI Founder and CEO Bill Johnson, “For 30 years, we’ve steadily built upon our innovative, client-driven technology, and this move supports our strategy to meet our clients’ growing needs. Both companies share very similar cultures and philosophies which ensures our clients will continue to get the same high-quality service they expect.”
According to Ziad Mantoura, SVP and General Manager for Epiq’s legal transformation services business, “The recent pace of legal industry change has acutely accelerated the need for law departments and firms to be run like a business, including the need to embrace digital transformation. Hyperion has a team of expert consultants and a heritage of guiding clients to make intelligent, fact-based decisions to transform their businesses. Joining forces with this team and its impressive market intelligence capabilities adds considerable depth to the solutions we offer our clients as we help guide their digital transformation.”
According to today’s announcement, the RYABI Group merger is Rampiva’s first acquisition event since its founding. The combined organization now has offices in the United States, Canada, Switzerland, and Australia. Additionally, with this merger, the RYABI Group’s founders will integrate with the Rampiva team, become active shareholders in the combined company, and transition to operating under the Rampiva brand.