Cyber Risk and Reward? Kroll Acquires Redscan

According to Redscan CEO, Mike Fenton, “Merging Redscan’s innovative culture and leading managed security services with Kroll’s unparalleled incident response experience and end-to-end cyber risk management capabilities allows us to provide a unique global offering. This combination will build fantastic value for our clients, who will benefit from a global team of world-class seasoned experts monitoring their environments and an expanded platform to grow our proprietary technology capabilities.”

A Shooting Star? Veristar Announces Joint Venture with CrossRealms International

According to Veristar company founder, CEO, and president, Rick Avers, “We are excited to be joining forces with the outstanding CrossRealms International team. Aligning forces with the litigation IT services professionals at CrossRealms International will completely set Veristar apart from its traditional competitors and completes Veristar’s vision to transform our industry that is still providing 20th-century resources in the 21st century.”

Silver Lake Invests in Relativity

According to Joe Osnoss, Managing Partner of Silver Lake, “Relativity is not only the clear leader in software for the legal sector, but also an increasingly strategic company in enterprise technology generally, as proliferating data across multiple formats both on-premise and in the cloud need to be collected and analyzed for a wide range of compliance purposes. Our investment is designed to accelerate the realization of Relativity’s potential in partnership with the talented management and employees, founder Andrew Sieja and our colleagues from ICONIQ Growth.”

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.”

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.”

Veristar Acquires Planet Data

According to Veristar company founder, CEO, and president Rick Avers, “We are excited to be joining forces with the outstanding Planet Data team. Acquiring the deep bench of litigation support professionals at Planet Data greatly enhances our current capabilities and positions Veristar for continued growth. We also are excited to leverage the powerful Exego platform and its proven track record of reducing client costs.”

Questel Acquires doeLEGAL

doeLEGAL today announced that it has been acquired by intellectual property solutions provider, Questel. According to the media release, Questel is an end-to-end intellectual property solutions provider to more than 6,000 clients and 1M users across 30 countries. In the announcement, Charles Besson, CEO of Questel, highlighted that the acquisition of eDiscovery expertise and experience would help fortify Questel’s core business.

Following the Money? Mike Bryant Provides a SOLID Look at Legal Tech Merger and Acquisition Activity

From seed and venture capital investments to private equity and Special Purpose Acquisition Companies (SPACs), Mike Bryant, an industry veteran and current operating partner and advisor at Knox Capital, shares information, intelligence, and insight into the legal tech investment landscape during his 20-minute educational presentation and discussion as part of the Winter 2021 Summit on Legal Innovation and Disruption (SOLID) conference on January 29, 2021.

Reveal And Brainspace Merge

According to Wendell Jisa, founder and CEO of Reveal, “Backed by K1, Reveal’s merger with Brainspace has set into motion the next phase of AI innovation in the practice of law. Fueled by some of the world’s most powerful AI technology and underpinned by the Reveal review platform, we are ushering in a new era of automation in legal technology.” Additionally, today’s media release notes that K1’s investment will be used to fuel growth, including expanding the sales and marketing teams, building additional functionality within the products, and hiring within R&D, data science, and customer success to augment the client experience.

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...