placeholder

eDiscovery Mergers, Acquisitions, and Investments in Q3 2020

From HaystackID and NightOwl Global to Reveal Data and NexLP, 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 July 1, 2020, through September 30, 2020. During 3Q20 there were at least fourteen M&A+I events, a pulse rate that exceeds the pre-COVID investment pulse rate of eleven events during the same time frame in 2019.

placeholder

Mitratech Acquires Acuity ELM

According to Mike Williams, CEO of Mitratech, “We came to the realization that smaller departments that haven’t yet adopted technology to manage documents, control legal spend, process claims, and otherwise streamline operations have fallen further behind the rest of the industry on the legal technology maturity curve. So we saw an incredible opportunity to help this underserved portion of the market, and Acuity ELM will help us do that.”

placeholder

Veritas Acquires Globanet

“By integrating Globanet’s technology into our digital compliance portfolio, we’re making it simpler for Veritas customers to find and act on more of their data, no matter where it lives,” said Greg Hughes, CEO, Veritas. “Today’s announcement accelerates and strengthens our vision for the Veritas Enterprise Data Services Platform and improves its world-class compliance capabilities. No matter what communications and data management platform our customers use, we enable them to optimize and monitor all their content as it moves from backup to archive to discovery.”

placeholder

Innovative Discovery and Integro Merge

“Integro and Innovative Discovery’s services and solutions are highly complementary. Our respective customers will be able to take advantage of greatly expanded skillsets and service offerings now that two of the most respected companies in the industry have joined forces,” noted Scott Burt, CEO of Integro, in today’s press announcement.

placeholder

Software Growth Partners Makes Majority Investment in Venio Systems

According to the press announcement, industry analysts have enthusiastically supported this investment and confirmed the value this will bring to the eDiscovery industry. Ryan O’Leary, Esq., Senior Research Analyst at IDC, shared, “Despite the COVID-19 pandemic, the eDiscovery software market has proved to be crucial to business resiliency and has maintained investment. The investment in Venio comes at an opportune time as corporations look to improve their ECA and processing capabilities to drive savings further down the EDRM.”

placeholder

Reveal Acquires NexLP

According to Jay Leib, Co-Founder and CEO of NexLP, “We chose Reveal, after considering all the major players in the space, because they offer by-far, the most comprehensive, solutions-oriented technology on the market and we have a shared vision for the future of legal technology. Reveal’s global footprint and ability to deploy the Reveal solution in the cloud or on-premise enables us to rapidly expand the adoption of AI to tens of thousands of legal, risk, and compliance professionals overnight. Our existing clients and partners should all be thrilled with our ability to expand our capabilities by joining Reveal.”

placeholder

XDD Acquires Anexsys

According to David Moran, XDD President and COO, “Complementing our recent domestic acquisitions, adding Anexsys to the XDD family enables XDD to expand eDiscovery, Forensics and Managed Review services in the UK.”

placeholder

HaystackID and NightOwl Global Merge

According to today’s announcement, the NightOwl merger is HaystackID’s fourth major investment event since April 2018. In April 2018, HaystackID acquired Envision Discovery, an eDiscovery managed services provider, and Inspired Review, a managed review and remote review services provider. In January 2019, HaystackID acquired eTERA Consulting, an eDiscovery managed services provider. Additionally, in February 2020, HaystackID completed a strategic recapitalization with Quad-C to support the continued growth and expansion of company depth, breadth, and reach.

placeholder

Mitratech Acquires Tracker Corp

The acquisition supports Mitratech’s mission to provide legal and compliance solutions to mitigate risk across organizations. Via Tracker, HR, and Legal teams can employ best practices, innovative features, and seamless integration to help minimize staffing-related risk and safeguard business continuity.

placeholder

Got a Second (Request)? 42nd Hart-Scott-Rodino Report Released

The recently released 42nd Annual Hart-Scott-Rodino (HSR) Report shares a 10-year summary of HSR transactions reported, second requests issued, and early terminations granted by the agencies, as well as a detailed statistical profile of transactions reported during fiscal year 2019. Enacted by Congress in 1976, the HSR Act gives the federal government the opportunity to investigate and challenge mergers that are likely to harm consumers before injury occurs. The Commission vote to issue the report was 4-0-1.

eDiscovery Mergers, Acquisitions, and Investments in Q3 2020

From HaystackID and NightOwl Global to Reveal Data and NexLP, the...

Mitratech Acquires Acuity ELM

According to Mike Williams, CEO of Mitratech, “We came to the...

Veritas Acquires Globanet

“By integrating Globanet’s technology into our digital compliance portfolio, we’re making...

Five Great Reads on eDiscovery for September 2020

From cloud forensics and cyber defense to social media and surveys,...

A Running List: Top 100+ eDiscovery Providers

Based on a compilation of research from analyst firms and industry...

The eDisclosure Systems Buyers Guide – 2020 Edition (Andrew Haslam)

Authored by industry expert Andrew Haslam, the eDisclosure Buyers Guide continues...

The Race to the Starting Line? Recent Secure Remote Review Announcements

Not all secure remote review offerings are equal as the apparent...

Enabling Remote eDiscovery? A Snapshot of DaaS

Desktop as a Service (DaaS) providers are becoming important contributors to...

Home or Away? New eDiscovery Collection Market Sizing and Pricing Considerations

One of the key home (onsite) or away (remote) decisions that...

Revisions and Decisions? New Considerations for eDiscovery Secure Remote Reviews

One of the key revision and decision areas that business, legal,...

A Macro Look at Past and Projected eDiscovery Market Size from 2012 to 2024

From a macro look at past estimations of eDiscovery market size...

An eDiscovery Market Size Mashup: 2019-2024 Worldwide Software and Services Overview

While the Compound Annual Growth Rate (CAGR) for worldwide eDiscovery software...

Festive or Restive? The Fall 2020 eDiscovery Business Confidence Survey

Since January 2016, 2,189 individual responses to nineteen quarterly eDiscovery Business...

Casting a Wider Net? Predictive Coding Technologies and Protocols Survey – Fall 2020 Results

The Predictive Coding Technologies and Protocols Survey is a non-scientific semi-annual...

Business as Unusual? Eighteen Observations on eDiscovery Business Confidence in the Summer of 2020

Based on the aggregate results of nineteen past eDiscovery Business Confidence...

A Growing Concern? Budgetary Constraints and the Business of eDiscovery

In the summer of 2020, 56% of respondents viewed budgetary constraints...

eDiscovery Mergers, Acquisitions, and Investments in Q3 2020

From HaystackID and NightOwl Global to Reveal Data and NexLP, the...

Mitratech Acquires Acuity ELM

According to Mike Williams, CEO of Mitratech, “We came to the...

Veritas Acquires Globanet

“By integrating Globanet’s technology into our digital compliance portfolio, we’re making...

An eDiscovery Holiday Season Down Under? Macquarie Prepares Nuix for IPO

According to John Beveridge, writing for Small Caps, Macquarie holds a...

Five Great Reads on eDiscovery for September 2020

From cloud forensics and cyber defense to social media and surveys,...

Five Great Reads on eDiscovery for August 2020

From predictive coding and artificial intelligence to antitrust investigations and malware,...

Five Great Reads on eDiscovery for July 2020

From business confidence and operational metrics to data protection and privacy...

Five Great Reads on eDiscovery for June 2020

From collection market size updates to cloud outsourcing guidelines, the June...