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Active Navigation Secures $11 Million in Funding

“Consumers are demanding better protection of their personal information. As a result, there is a pressing need for companies to prioritize data privacy in all their business operations. Active Navigation has an exciting opportunity in front of it, which was the catalyst for this infusion of capital. This investment will help us to advance product development and scale rapidly to support our customers with data mapping, data minimization and regulatory compliance.”

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eDiscovery for Sale? The eDiscovery Pricing Survey (Winter 2020)

Based on the complexity of data and legal discovery, it is a continual challenge to fully understand what is representative of industry-standard pricing for the delivery of eDiscovery products and services. With this challenge in mind, the semi-annual eDiscovery Pricing Survey is designed to provide insight into eDiscovery pricing through the lens of 15 specific pricing questions answered by legal, information technology, and business professionals operating in the eDiscovery ecosystem.

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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 from 2012 through 2019, and projected estimations of market size for 2020 through 2024, we see strong and consistent double-digit growth rates for the market as a whole as well as for both services and software segments.

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A Pivotal (and KLD) Announcement: $150 Million Backstop Commitment and Stockholder Meeting Date

“This financing will substantially increase cash flow and enable KLD to reignite its acquisition program,” said Jon Ledecky, Pivotal’s Chief Executive Officer. “I am excited to work with KLD CEO Chris Weiler and his talented management team to pursue new business opportunities and leverage Pivotal’s corporate and legal community network.”

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OpenText to Acquire Carbonite

“The Carbonite Board conducted a thorough and comprehensive process, which included contact with a number of strategic and financial parties, to identify the best way to maximize shareholder value,” said Steve Munford, Interim Chief Executive Officer and President/Executive Chairman of the Board of Carbonite. “The Board strongly believes that a transaction with OpenText delivers compelling, immediate and substantial cash value to shareholders.”

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Proofpoint to Acquire ObserveIT for $225 Million in Cash

“Today’s ObserveIT acquisition underscores Proofpoint’s commitment to providing organizations with people-centric cybersecurity and compliance solutions that protect what matters: their people and the data they have access to, in a post-perimeter, cloud-first world,” said Gary Steele, chairman of the board and chief executive officer of Proofpoint.

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Veristar Announces Company Launch and Supporting Acquisition

“Successful organizations are built on the strength of their people, and that is the foundation of Veristar,” says company founder, CEO and president Rick Avers. “Our team has unmatched experience handling sensitive information in litigations, investigations, regulatory requests and other complex data matters for clients in a wide array of industries. That expertise helps us to quickly understand client needs and case strategies, guiding us to identify the right approach and implement the most efficient solution.”

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eDiscovery Business Kinetics: A Look at Operational Metrics in the Fall of 2019

In the fall of 2019, 141 eDiscovery Business Confidence Survey participants chose to answer at least one of the optional business operational metric survey questions in the quarterly survey. Almost 25% (24.8%) of survey respondents reported Monthly Recurring Revenue (MRR) as increasing in the fall of 2019. This is a solid decrease from approximately 33% (32.7%) reporting MRR as increasing in the summer of 2019.

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Falling Temperatures? Eighteen Observations on eDiscovery Business Confidence in the Fall of 2019

In the fall of 2019, only 38.7% of eDiscovery Business Confidence Survey respondents feel that business climate conditions will be better in six months. This is slightly lower than sentiment in the summer of 2019 where 39.9% of survey respondents felt that the business conditions would be better in six months. However, it is the lowest rating in this area since the inception of the survey and may indicate a continued cooling of business conditions.

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What Issue Most Concerns eDiscovery Professionals Today? Budgetary Constraints

In the fall of 2019, 24.0% of respondents viewed increasing budgetary constraints as potentially having the greatest business impact on their business in the next six months. This percentage is the highest of all concerns represented in the survey and also is the ninth time in sixteen surveys that this issue has been rated as the top concern by eDiscovery professionals.