After surging to record highs last year, mergers and acquisitions in the technology sector are expected to cool in the months ahead, with the bulk of deals driven by the corporate world’s ongoing shift to cloud computing, as well as new data management needs created by the Internet of Things, a new report says.
The slowdown comes after corporate technology buyers raced to close deals ahead of expected weaker economic growth, according to 451 Research, a New York-based tech market analysis firm.
OmniVere LLC, a global services firm responding to data risk management challenges, today announced that it has acquired Kiersted Systems LP, a leader in electronic discovery and legal technology consulting.
The e-Discovery merger frenzy continued apace as one of the oldest players in the game, Kansas-based Xact Data Discovery, also known as XDD, announced it will expand its West Coast presence through the acquisition of Salt Lake City-based Orange Legal Technologies.
Xact Data Discovery (XDD), a leading international provider of e-discovery, data management and managed review services for law firms, corporations and government agencies, announces its acquisition of Orange Legal Technologies (OrangeLT).
In the latest sign of consolidation in the e-Discovery space, the Carlyle Group and venture capital firm Revolution Growth on Wednesday announced the acquisition of a Virginia-based legal technology services company for an undisclosed price.
Provided as a non-comprehensive overview of over key and publicly announced eDiscovery related mergers, acquisitions and investments in 2016, the following listing highlights key industry activities through the lens of announcement date, acquired company, acquiring or investing company and acquisition amount (if known).
Podcast: Our guests will discuss their entrepreneurial series of research papers looking at M & A work through the lens of E-Discovery, Data Privacy and Information Governance best practices.
Legal services providers and legal tech companies are more susceptible to the availability and inexpensiveness of capital.
RPX Corporation (NASADAQ: RPXC) announced that it has agreed to acquire privately-held Inventus Solutions, Inc., a leader in discovery management, for $232 million in cash, subject to customary adjustments, from investors led by private equity firm Clearlake Capital Group, LP.
The Company will sell its Huron Legal practice to Buyer (Consilio) for minimum gross proceeds of $112 million in cash at closing, before taxes and transaction-related expenses, plus a cash post-closing payment ranging from zero to $22 million contingent upon final full year 2015 financial results, and subject to certain other adjustments set forth in the Agreement.