By Gabe Friedman
In the latest sign of consolidation in the e-Discovery space, the Carlyle Group and venture capital firm Revolution Growth on Wednesday announced the acquisition of a Virginia-based legal technology services company for an undisclosed price.
LDiscovery, based in McLean, Va., lists seven U.S. offices as well as one in London. It employs attorneys, developers and other support professionals who service corporate law departments, law firms, and the federal government with their e-Discovery needs.
The Washington Post described the acquisition as “a bet of roughly $150 million,” with Carlyle owning half of the firm and the remainder controlled by Revolution and LDiscovery management, although it did not provide a source for the information.