Monday, June 25, 2012

eDiscovery Funding and M&A Activity, May - June 2012

Below is a summary of recent funding and M&A activity over the last few weeks in the eDiscovery space.

RVM Enterprises, Inc. Acquires N-Tier Discovery

NEW YORK, May 15, 2012 (BUSINESS WIRE) -- RVM, a leading provider of litigation support and corporate data solutions, announced today that it has acquired the business and assets of N-Tier Discovery, a leading-edge managed document review, staffing, and consulting firm specializing in the application of advanced analytics in document review. The acquisition will add best-of-breed attorney review services to RVM's already premier eDiscovery service offering. RVM clients will now benefit from true end-to-end solutions, generating significant operating efficiencies and cost savings.

Trinity Hunt Invests In E-Discovery Company 'Equivalent DATA'

DALLAS, May 16, 2012 /PRNewswire via COMTEX/ -- Trinity Hunt Partners, a Dallas-based private equity firm with an extensive track record of partnering with business owners to build value, today announced the firm has made an investment in Houston-based Equivalent DATA, Inc. (" EQD")  Terms of the transaction were not disclosed.  EQD provides large-scale electronic discovery services to both top-tier law firms and Global 2000 corporate legal departments nationwide. NeedleFinder®, the firm's proprietary eDiscovery software, is recognized as one of the most comprehensive end-to-end solutions in the industry.

SuperiorGlacier Acquires Sight Search & Selection

NEW YORK, NY, May 29, 2012 (MARKETWIRE via COMTEX) -- On the heels of its recent acquisition of Intelligent Discovery Management (IDM), SuperiorGlacier announced today that its SRM Legal division has acquired Sight Search & Selection, a premier legal technology staffing company. The acquisition uniquely positions SRM Legal to provide a broad spectrum of legal technology staffing, from document review to critical litigation support departmental positions. 

LexisNexis Acquires Sanction Solutions

NEW YORK, Jun 04, 2012 (BUSINESS WIRE) -- LexisNexis(R) Legal & Professional today announced that it has acquired Sanction Solutions(R), a leading provider of innovative presentation software and services used by lawyers, paralegals and litigation support directors.  Sanction(R) litigation presentation software provides litigators a single resource to quickly assemble documents, exhibits, transcripts, questions, visuals and video that will be used to manage and present evidence throughout litigation, categorize them, and then create clear, polished and compelling presentation materials necessary for building a case. 

Flex Discovery Acquires Landmark Legal Solutions

AUSTIN, TEXAS--(Marketwire - June 6, 2012) - Flex Discovery, a premiere Texas-based electronic discovery services provider, announced today the company's acquisition of Landmark Legal Solutions. The acquisition includes Landmark's headquarters location in Chicago, IL, and its Washington, D.C. location. The former Landmark Legal Solutions is now known as "Landmark, a Flex Discovery company." During the integration period, Flex Discovery will continue to sell discovery services under both brands while consolidating operations under the Flex Discovery umbrella. 

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