eDiscovery Mergers, Acquisitions, and Investments in Q2 2021

From Consilio and Xact Data Discovery to CloudNine and Crest Rock, 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 April 1, 2021, through June 30, 2021. During 2Q21 there were at least 18 M&A+I events, a pulse rate that is significantly greater than the investment pulse rate of four events during the same time frame in 2020.

Finding Truth in a Digital World? Nuix and Recent Thunder Down Under

From an investigative report on how an Australian Stock Exchange (ASX) float went sour to investor concerns and reports of talent retention challenges, the following aggregation of recent articles and announcements on leading investigative and analytics software company Nuix may be of interest to business, legal, and information technology professionals within the eDiscovery ecosystem.

Consilio and Xact Data Discovery Merger Closes

“We are very pleased to close the merger with Xact Data Discovery and to see this major milestone in our evolution come to fruition,” said Andy Macdonald, CEO of Consilio who will continue as CEO of the combined company. “Employees will benefit from the increased resources and scale of the combined business which will allow them to focus on what matters most – providing world-class service and solutions for our clients.”

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 legal tech consolidations, Mike Bryant, an industry veteran and partner at Knox Capital Holdings, and John Jacobs, a managing member of Marks Baughan Securities, share information, intelligence, and insight into the legal tech investment landscape during this 20-minute educational presentation and discussion as part of the 2021 Summit on Legal Innovation and Disruption (SOLID) Europe conference on April 29, 2021.

Magnet Forensics Closes $115 Million IPO

According to Adam Belsher, Magnet Forensics’ CEO, “I’m proud of the team that has gotten Magnet Forensics to this important milestone. Our customers are seeing significant growth of cybercrime and digital evidence related to their investigations globally. The investment in Magnet Forensics, through the IPO, is ultimately an acknowledgement of the importance of these challenges and provides resources to tackle them more aggressively.”

XDD Acquires Paralaw

According to Bob Polus, XDD Founder and CEO, “As part of XDD’s ongoing acquisition strategy, Paralaw further expands our brand, services and market reach on an international stage. The Paralaw team brings a solid reputation to the XDD table in providing advanced short and long-term legal staffing solutions.”

Consilio and Xact Data Discovery Agree to Combine

“This is a significant step for Consilio and XDD to bring together our respective strengths to deliver a more complete experience to the whole spectrum of client needs,” said Andy Macdonald, the Chief Executive Officer of Consilio who will continue as CEO of the combined company. “Joining our companies together will provide exponential growth opportunities for our clients. We believe our employees’ experience is directly connected to their ability to provide world-class service and solutions for our clients.”

XDD Acquires Lexolution

According to Bob Polus, XDD Founder and CEO, “As the market demand for remote and onsite managed review services continues to grow, adding Lexolution’s expertise to the XDD services mix further expands our bench depth and breadth. Coupled with their broader legal staffing services, the Lexolution team brings a wealth of experience and expertise to the XDD table as we continue to expand our Managed Review Services in key markets nationwide.”

Druva Secures $147 Million Investment

According to Phil Goodwin, Research Director, IDC, “The last 12 months have underscored how organizational agility is at a premium, and IT leaders are increasingly turning to cloud technologies to increase business resilience and velocity. Companies able to simplify complex data protection processes, particularly by leveraging the cloud, can gain strategic advantage through better data availability and Druva Cloud Platform is architected to make it a compelling choice for organizations navigating cloud migrations.”

XDD Acquires eDiscovery Business of Zeledon-Castillo

According to Jorge Zeledon-Castillo, CEO at Zeledon-Castillo, “Joining forces with XDD further empowers our ability to provide advanced eDiscovery and litigation support services to our clients in southern Texas. XDD’s reputation for instilling optimized processes and communications is second to none. Coupled with their advanced technologies, we look forward to integrating our people and clients into the XDD ecosystem.”

Embracing Differences? Interplay of Digital Forensics in eDiscovery
Incidental Growth? Cost of a Data Breach Hits Record High According to New Report
Keeping Cyber Threats At Bay? Cyber Insurance Start Up At-Bay Closes Series D Financing
An Economical Impact? How Cyber Insurance Shapes Incident Response
Cobra Legal Solutions Acquires Digital Discovery

According to Candice Corby, Chief Executive Officer for Cobra Legal Solutions,...

TransPerfect and Semantix Merge

According to TransPerfect President and CEO Phil Shawe, “We have competed...

Braintrace Acquired by Sophos

According to Bret Laughlin, CEO and co-founder of Braintrace, “NDR is...

DISCO Announces IPO Pricing

A registration statement relating to the initial public offering by DISCO...

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 Cyber, Data, and Legal Discovery for July 2021

From considerations for cyber insurance and malware to eDiscovery business confidence...

Five Great Reads on eDiscovery for June 2021

From remediating cyberattacks to eDiscovery pricing, the June 2021 edition of...

Five Great Reads on eDiscovery for May 2021

From cyber discovery and data breaches to business of law and...

Five Great Reads on eDiscovery for April 2021

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

Glowing Expectations? Eighteen Observations on eDiscovery Business Confidence in the Summer of 2021

In the summer of 2021, 63.3% of survey respondents felt that...

Issues Impacting eDiscovery Business Performance: A Summer 2021 Overview

In the summer of 2021, 24.4% of respondents viewed increasing types...

Looking Up? eDiscovery Operational Metrics in the Summer of 2021

In the summer of 2021, 80 eDiscovery Business Confidence Survey participants...

Extreme Heat? Summer 2021 eDiscovery Business Confidence Survey Results

Since January 2016, 2,522 individual responses to twenty-three quarterly eDiscovery Business...