Weathering the Storm? KLDiscovery Announces Fourth Quarter 2020 Financial Results

According to Christopher Weiler, CEO of KLDiscovery Inc., “We are in the process of evolving KLDiscovery into a company that will service industries beyond the confines of traditional eDiscovery and data recovery. In 2021, we are in the process of making significant technology investments that will change the way our customers interact with our products and services.”

Transition and Transformation? A Digitally Empowered Europe by 2030

According to Commissioner for the Internal Market, Thierry Breton, “As a continent, Europe has to ensure that its citizens and businesses have access to a choice of state-of-the-art technologies that will make their life better, safer, and even greener – provided they also have the skills to use them. In the post-pandemic world, this is how we will shape together a resilient and digitally sovereign Europe. This is Europe’s Digital Decade.”

Funding Innovation? Considerations from the 2020 Global Innovation Index

According to the Global Innovation Index 2020, co-published by Cornell University, INSEAD, and the World Intellectual Property Organization, innovators enjoy an increasingly broad spectrum of funding sources across different stages of their companies’ life cycles. However, while the emergence of new sources has helped alleviate funding gaps, it has not eliminated them. This is particularly true for many developing and emerging economies where financial markets have remained underdeveloped.

Compliance Announces Investment from Oaktree Capital

According to Troy Gregory, president and CEO of System One, “Compliance is well-positioned to exceed our expectations; the company has an exceptional technology offering and we expect big things from them in the near future. Under Marc’s leadership, Compliance has thrived, and with the additional investments, we expect to see the company scale and advance at an accelerated rate through organic growth and an aggressive acquisition strategy.”

Springing into Spring? A Hart-Scott-Rodino Act Transaction Update (February 2021)

Increased interest in levels of M&A activity has warranted that the Bureau of Competition’s Premerger Notification Office (PNO) share the monthly figures for Hart-Scott-Rodino (HSR) Act transactions. This increased activity can be seen in the running update of HSR transaction numbers between October 2019 and today. The latest monthly update from the PNO is for February 2021 and noted 304 reported transactions. This is the highest number of monthly reported transactions in any February between FY 2010 and FY 2021. The 304 reported transactions number is also the second-highest reported monthly transactions number for any month between October 2010 and today, only trailing the 424 reported transactions in November 2020.

SOARing Costs? Considering Data Breach Economics

Consisting of analysis from 524 organizations that experienced data breaches between August 2019 and April of 2020, the Cost of Data Breach Report 2020 from the Ponemon Institute shares key information, findings, and data points harvested from more than 3,200 interviews on areas ranging from global data breach costs to data breach lifecycles in influential countries and industry sectors.

HaystackID Recognized in IDC MarketScape for eDiscovery Services

According to HaystackID CEO Hal Brooks, “We are proud to once again be recognized as a worldwide Leader in eDiscovery services. As a pioneer of remote review, HaystackID has been operating remotely even long before the pandemic. We’re honored that our innovation in and vision for remote review has been recognized by the IDC MarketScape.”

First Legal Acquires eDiscovery Provider Redpoint Technologies

According to Alex Martinez, CEO of First Legal, “Both First Legal and Redpoint are entrepreneurially minded, seeking to promote transparency, teamwork, integrity, and trust with the community we consider extended family. This is a union of people passionate to help others, and who won’t sit back and wait, but will charge forward into the future of technology with extreme commitment, candor, and the willingness to do whatever it takes to help our clients win.”

Time to Head to the Clubhouse? A New Opportunity and Challenge for eDiscovery Professionals

Launched in early 2020 and currently with six million registered users and a valuation of one billion dollars, Clubhouse is a social media app that allows users to have “casual, drop-in audio conversations” with others. Currently accessible via invitation, Clubhouse provides unique communications opportunities and discovery challenges for data and legal discovery professionals in the eDiscovery ecosystem.

New Litigation Trends Survey from Norton Rose Fulbright

Released in February of 2021, Norton Rose Fulbright’s 16th Annual Litigation Trends Survey highlights up-to-date insight on key US dispute trends including the changes and challenges presented by the COVID-19 pandemic. Additionally, in the areas of cybersecurity and data protection, the survey report notes that disputes have increased over the last several years, with 2020 being no exception. According to the survey report, 44 percent of respondents feel more exposed than they did 12 months prior and respondents report that past attacks have disrupted operations, with others sensing that their company size or industry makes them targets.

A SOLID Look from Europe? Legal Tech Merger and Acquisition Activity with Mike Bryant and John Jacobs

From Special Purpose Acquisition Companies (SPACs) to the recent flurry of...

Gimmal Acquires Sherpa Software

According to Mark Johnson, Chief Executive Officer at Gimmal, "With the...

Magnet Forensics Closes $115 Million IPO

According to Adam Belsher, Magnet Forensics' CEO, "I'm proud of the...

XDD Acquires Paralaw

According to Bob Polus, XDD Founder and CEO, “As part of...

A New Era in eDiscovery? Framing Market Growth Through the Lens of Six Eras

There are many excellent resources for considering chronological and historiographical approaches...

An eDiscovery Market Size Mashup: 2020-2025 Worldwide Software and Services Overview

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

Resetting the Baseline? eDiscovery Market Size Adjustments for 2020

An unanticipated pandemeconomic-driven retraction in eDiscovery spending during 2020 has resulted...

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

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

Five Great Reads on eDiscovery for April 2021

From X-Road® and risk management to business confidence and cybersecurity, the...

Five Great Reads on eDiscovery for March 2021

From data breach economics and vulnerabilities to private-equity investments and vendor...

Five Great Reads on eDiscovery for February 2021

From litigation trends and legal tech investing to facial recognition and...

Five Great Reads on eDiscovery for January 2021

From eDiscovery business confidence and operational metrics to merger and acquisition...

Gimmal Acquires Sherpa Software

According to Mark Johnson, Chief Executive Officer at Gimmal, "With the...

Got Interoperability? CloudNine Launches Discovery Portal

According to Jacob Hesse, VP of Product at CloudNine, “Discovery Portal...

Magnet Forensics Closes $115 Million IPO

According to Adam Belsher, Magnet Forensics' CEO, "I'm proud of the...

XDD Acquires Paralaw

According to Bob Polus, XDD Founder and CEO, “As part of...

Ready for Takeoff? Eighteen Observations on eDiscovery Business Confidence in the Spring of 2021

In the spring of 2021, 60.0% of eDiscovery Business Confidence Survey...

Issues Impacting eDiscovery Business Performance: A Spring 2021 Overview

In the spring of 2021, 25.0% of respondents viewed budgetary constraints...

Happy Days are Near Again? eDiscovery Operational Metrics in the Spring of 2021

In the spring of 2021, 93 eDiscovery Business Confidence Survey participants...

A Splash of Optimism? Spring 2021 eDiscovery Business Confidence Survey Results

This is the twenty-second quarterly eDiscovery Business Confidence Survey conducted by...