The Federal Trade Commission, with the support of the Department of Justice’s Antitrust Division, recently proposed changes to the rules governing merger notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). The revisions would require investment funds to report additional information and would exempt certain minority acquisitions from the reporting requirements, including acquisitions of 10% or less of an issuer’s voting securities by activist investors.
According to John Beveridge, writing for Small Caps, Macquarie holds a massive 65% of Nuix on its own balance sheet and looks set to make a massive profit compared to its original cost for the stake. Those who have attended investor roadshows for the float which were led by Nuix chief executive Rod Vawdrey, said the company has revenue for the year ending on June 30 above $176 million.
Since January 2016, 2,189 individual responses to nineteen quarterly eDiscovery Business Confidence surveys have been received from legal, business, and technology professionals across the eDiscovery ecosystem. This fall 2020 survey will provide important insight into the business confidence level of individuals working in the field of eDiscovery.
Published originally on Independence Day in Estonia, the vision and concept paper “#KrattAI: The Next Stage of Digital Public Services in #eEstonia” highlights one country’s practical vision for how public services should digitally work in the age of artificial intelligence. Released by the Republic of Estonia GCIO Office and authored by the Government CIO, CDO, and CTO, the paper presents commentary and considerations for the problems, business challenges, and technological challenges involved integrating AI into public services. The vision and concepts shared may be useful for data discovery and legal discovery professionals as they consider plans, projects, and programs relating to the practical application of AI in their infrastructures and offerings.
Today’s eDiscovery providers may benefit from the lessons learned in the creation of the Sgt. Pepper’s Lonely Hearts Club Band album by creating a concept for branding and packaging their offerings within that brand in a connected, theme-based way that represents the offerings’ promise and capability in a way that is easy to understand and remember.
According to Johannes Stiehler, CEO of ayfie Group AS, “This acquisition is a perfect fit for us because it will both extend our reach in one of our core geographies and strengthen our competence center in Oslo. By bringing together Haive’s and ayfie’s customer bases and market insights, we can deliver even more relevant solutions to both our clients.”
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.”
According to Johannes Stiehler, CEO of ayfie Group, in a July 7, 2020, announcement, “This is a great time for us to join the Merkur Market. While COVID-19 is obviously not over, we are definitely seeing business pick up in all areas. Our knowledge discovery product ayfie Locator was recently licensed to several large Norwegian law firms, while our eDiscovery tool ayfie Inspector is gaining traction in the US. As courts get back to work after the lock-down there, we are seeing revenue increase due to a rising number of transactions.”
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.”
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.