Sonasoft announces that it has signed a definitive purchase agreement to acquire the data engineering and artificial intelligence (AI) company, E-Connect Software, Inc., and all its related interests, assets, and intellectual property. E-Connect Software, Inc. is a data engineering and AI consulting firm with deep expertise and a proven track record in data management, cloud migrations, and data integration.
Spire Capital today announced that it has closed on the sale of Lighthouse Global, a leading technology-enabled eDiscovery and advisory services business. Financial terms were not disclosed. Macquarie Group acted as exclusive financial advisor to Spire Capital and Lighthouse. Dentons served as legal counsel to Spire Capital and Lighthouse.
Morae Global Corporation today announced that it has acquired professional services information management specialist Phoenix Business Solutions. The deal strengthens Morae Global’s strategic direction and capabilities around artificial intelligence and cloud-based technology and reinforces client and industry requirements to work with a more robust and trusted legal services partnership.
Lightyear Capital LLC, a New York-based private equity firm focused on financial services, announced today that investment funds affiliated with Lightyear have acquired a controlling stake in Lighthouse, a leader in technology-enabled eDiscovery, compliance and information governance.
Sonasoft today announced that it has completed the acquisition of Hotify and all its related interests, assets, and intellectual property. Hotify’s accounting books have been audited, and Sonasoft’s Board has approved the acquisition. The completion of these objectives finalized the acquisition that now makes Hotify, Inc. a Sonasoft company.
Congruity360 expands its data governance solution portfolio and completes its end-to-end eDiscovery suite with the acquisition of SaGo.ai Inc., and SaGo’s proprietary litigation hold solution, Hold360 (formerly Legal Hold).
Sonasoft Corp., a leader in innovative eDiscovery and artificial intelligence (AI) solutions, has announced that it has signed a non-binding letter of intent (LOI) to acquire E-Connect Software, Inc. and OPtimAIze, Inc., along with all related interests and assets. E-Connect Software, Inc. is an AI consulting firm and OPtimAIze, Inc. is an AI company that specializes in artificial intelligence for information technology operations (AIOps).
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.
“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.”
“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.