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.”
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.”
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.”
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.
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.”
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.”
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.”
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.
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.
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.