ComplexDiscovery findings, data points, and tracking information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from January 1, 2019, through March 22, 2019.
While the percentage of transactions in which a Second Request was issued by either the FTC or DOJ was only 2.7% in 2015, 3.0% in 2016, and 2.6% in 2017, organizations engaged in merger and acquisition activities, either directly from a participatory position or indirectly from a supporting position, should proactively prepare to support the potential for a Second Request given the short deadlines and potential voluminous information requests that may require extensive use of data discovery and electronic discovery technologies and experts to ensure compliance with requests.
“It is a natural fit to add in digital forensics and collections with Everest’s other services, and their offerings complement ours [Wolfinger Forensics] also.”
At best, mergers and acquisitions (M&A’s) have a 50/50 chance of reaching their intended results. Study after study puts the failure rate closer to 70-90%. Why is the failure rate so high? Repeatedly, research cites the human factor as the leading reason why mergers and acquisitions fail.
Consilio and Advanced Discovery have announced [April 17, 2018] that the transaction to merge the companies is now complete. The combined company is now the world’s second largest services provider for information governance, risk management, eDiscovery and document and contract review.
Many have predicted the impending maturation of the e-discovery market, but while the market is feeling smaller and smaller to both buyers and vendors, the rate of consolidation in the e-discovery space slowed noticeably in 2017.
Through consolidation, one expert writes that customers receive better, more comprehensive services while companies can control costs and enabling their own geographic expansion.
Avalon, a national provider of eDiscovery, managed services, and traditional litigation support services to law firms and corporations, has announced today that it will team up with C:DOX, a Cleveland-based litigation support and eDiscovery provider.
To rework the legal industry, which is steeped in tradition and regulation, large sums of money are likely required. In an effort to address these challenges, legal tech startups have received $1.5 billion in funding across 610 deals since 2010.
Congruity360 formed from the merger of Congruity, a solution provider and MSP with a storage focus, and KNJ, a provider of electronic discovery consulting and services, said Brian Davidson, co-founder of Congruity and managing partner of Pembroke, Mass.-based Congruity360.