Friday, December 20, 2013

eDiscovery Industry Insider Makes Investment in Discovia

Greg Mazares, Company's President of Sales, Becomes a Large Shareholder

SAN FRANCISCO, Dec. 19, 2013 -- Discovia, one of the nation's fastest-growing providers of electronic discovery and related services to corporations and law firms, today announced that Gregory J. Mazares, its president of sales,  has made a substantial investment in the company, making him one of its largest individual shareholders.

Mazares, who joined Discovia's senior management team in April 2013, has more than 25 years of legal services industry experience in electronic discovery, document review, deposition services, trial consulting and legal staffing. Notably, he led the turnaround and growth of Encore Discovery Solutions as its president and CEO, resulting in the sale of Encore for $100 million in April 2011.

"As president of sales, Greg is leading the expansion of our business development team across the country and the globe," said Discovia CEO Christian Lawrence. "His financial investment in our continued growth demonstrates his total commitment to helping Discovia continue as one of the industry's premier companies."

Mazares said, "My wife, Constance, and I have been very impressed with the great team and business that Christian Lawrence and Ciaran Power have built over several years.  Today, Discovia is an extremely well-run company, operationally and financially, with a very bright future. We are excited to become shareholders and to help lead the organization's future growth in the United States and beyond."

Friday, November 22, 2013

Precision Discovery Acquires California Based DataClues

NEW YORK, Nov. 12, 2013 -- Precision Discovery, Inc. a top tier national service provider of eDiscovery, computer forensics and innovative software products and solutions, announced that it has acquired DataClues, Inc., a nationally renowned service provider of computer forensics and eDiscovery services.  David McCain, President and Managing Director of DataClues has joined Precision Discovery as a Vice President.

"Dave has an extensive background in computer forensics and electronic discovery and is highly regarded in the field," said Jerry F. Barbanel, President & CEO of Precision Discovery.  "His impressive reputation for advising clients on highly complex and sensitive investigations and his understanding of counsels' expectations add further weight to our already premier team of experts and consultants.  We are excited to welcome Dave to our team."

"It's an exciting time to join Precision Discovery," said McCain. "The firm's commitment to providing customized, innovative software solutions and their total dedication to excellence in client service was a powerful draw for me.  Precision Discovery's exceptional reputation in hi-tech investigations and incident responses aligns perfectly with the strategy of DataClues and is one of the many reasons that this acquisition is a perfect match."

Friday, July 19, 2013

A Couple Recent Activities in the eDiscovery M&A Space

Clearlake Capital Group Acquires Inventus, LLC

CHICAGO and SANTA MONICA, Calif., June 20, 2013 -- Inventus, LLC ("Inventus" or the "Company") and Clearlake Capital Group, L.P. ("Clearlake") announced that Clearlake has acquired Inventus, a leading electronic data discovery ("EDD") solutions provider to global law firms, Fortune 1000 corporations, and government agencies.  Clearlake led the investment group, which included the Inventus management team and Cerca Group LLC ("Cerca Group"), a private investment firm based in New York City.  Terms of the transaction were not disclosed. 

Inventus is a leading national provider of end-to-end EDD services and solutions, offering efficient, customized workflows and best-of-breed technology to meet the specific needs of each of its clients. The Company has built an exceptional reputation in the EDD industry for providing outstanding customer service and employing advanced data minimization techniques to optimize review processes, all while reducing the cost of eDiscovery for clients.  Inventus will remain headquartered in Chicago and Trevor Campion will continue to lead the company as its Chief Executive Officer. VRA Partners, LLC advised the sellers in the transaction.

D4 Expands in Illinois with the Acquisition of Project Leadership Associates (PLA) ‒ Litigation Solutions Group

Rochester, NY and Chicago, Il (PRWEB) June 21, 2013-- D4, LLC, a national provider of eDiscovery, digital investigations, information management and security solutions to law firms and corporations, announced today its further expansion in Illinois with the acquisition of PLA’s Litigation Solutions Group in Chicago. D4 will serve law firms and corporate clients in the Chicago Metro area and throughout the Midwest from its office in downtown Chicago.

With this acquisition, D4 is expanding its offerings in Illinois, while investing in and growing the entire Midwest team. Project Leadership Associates has performed ESI collections, processing and hosting as well as computer forensic investigations for over 200 law firms and corporate legal departments. They are widely recognized as one of the highest quality providers of eDiscovery and computer forensic services in the Midwest. Their consultants bring litigation, legal and forensic application solutions, and vast data structure and data mining experience to their clients. Becoming a part of the D4 family strengthens the group’s ability to better serve law firm and corporate clients in Illinois, while expanding D4’s national footprint to support local and national sales and service delivery efforts.

Monday, March 25, 2013

eLit To Merge With Texas Based Altep

March 18, 2013 -- Headquartered in Palo Alto, California, eLitigation Solutions (eLit) provides discovery processing and hosting services for mid- to large-sized corporations and law firms throughout Arizona, California and the Pacific Northwest.

With nearly twenty years’ experience in data-intensive litigation, Altep has offices throughout the southern and northeastern US, and has managed high-profile cases for some of the largest law firms and corporations in the nation.

The merger is expected to be finalized by the 29th of March, 2013. The merger promises important benefits for both firms: for eLitigation Solutions, a partnership with Altep offers increased processing and hosting capacity as well as greater redundancy across all skill sets and functional areas, while for Altep, joining with eLitigation Solutions provides an opportunity to enter into the West Coast market with a strong, experienced presence.

“Our clients stand to gain tremendous benefits from our new relationship with Altep,” said Greg Arellano, President of eLitigation Solutions, Inc. “In the coming months, we will gradually transition into the Altep family, fully adopting their name and branding by the end of the year. Going forward, we will continue to offer the same outstanding service and support our clients have come to expect from us, as well as an expanded range of capabilities to assist with complex ESI, review, production and litigation preparedness.  We’re very excited to be joining the Altep team.”

Margaret Valenzuela, Executive Vice President of Altep, Inc., noted that the management and staff of eLitigation Solutions will retain an active role in daily operations on the West Coast. “Their knowledge, experience and skill will be critical to our success in that market,” said Valenzuela. “This partnership represents the next phase in our continued evolution.”

Saturday, March 16, 2013

AccessData Receives $45M Investment From Silicon Valley Bank and Sorenson Capital

TechCrunch reports, AccessData announced that it has received a $45 million investment from Sorenson Capital Partners and Silicon Valley Bank. This funding, the company says, allows it to “reduce outside ownership and add Sorenson as a strategic, long-term partner.”

The investment consists of a $20 million equity trade from Sorenson Capital and $25 million in structured debt from Silicon Valley Bank. In today’s announcement, AccessData’s CEO Tim Leehealey explains the company’s decision for this move and argues that “by consolidating our ownership and adding a strategic partner like Sorenson Capital, while strengthening our relationship with Silicon Valley Bank, AccessData is better positioning itself to take advantage of its unique place in the market.”

“By combining AccessData’s strong market position with Sorenson Capital’s proven track record of taking companies to the next level, we believe we can accelerate growth at AccessData and deliver extensive value to shareholders and customers alike,” said Ron Mika, a co-founder and Managing Director of Sorenson Capital in a prepared statement today. “This is an exciting company and a compelling opportunity. We are anxious to see where the team can take it over the coming years.”

AccessData says it currently has about 130,000 users in law enforcement, government agencies, corporations, consultancies, and law firms around the world. The company has offices in Washington D.C., New York, Houston and San Francisco, as well as in the UK and Australia.

Friday, February 15, 2013

Axiom Receives $28 Million Investment

SAN FRANCISCO, Feb. 6, 2013  -- Carrick Capital Partners, LLC announced the firm's investment in Axiom, a 1,000 person new model firm that helps general counsel manage their workload more effectively.  This announcement marks Carrick's first deal since closing the firm's first fund in November of 2012.  Carrick focuses on investing in companies that provide technology-enabled service offerings, business process outsourcing, transaction processing, software as a service and enterprise software.

"We seek to invest in companies that possess the right fundamentals to significantly grow their operations," explained Jim Madden .  "Axiom is a pioneer in their space and uniquely situated for rapid growth.  Our role is to leverage our business building, BPO experience and our investing acumen on Axiom's behalf."  

"Carrick Capital Partners is a perfect fit for Axiom. The team at Carrick has unique experience building transformational businesses, they're savvy investors, and most important, they have real passion for the Axiom mission," commented Mark Harris , CEO of Axiom. "Axiom is well-positioned to help the legal industry transform itself for the better, and Carrick's growth equity and know-how will play a critical role. We couldn't be happier and look forward to using the funds to invest in the commercialization of our Managed Services offering, including our delivery capability, center infrastructure, and technology."

Friday, January 11, 2013

IBM Acquiring StoredIQ

IBM (NYSE: IBM) announced last month it had entered into a definitive agreement to acquire StoredIQ Inc., a privately held company based in Austin, Texas. Financial terms of the deal were not disclosed.
StoredIQ will advance IBM’s efforts to help clients derive value from big data and respond more efficiently to litigation and regulations, dispose of information that has outlived its purpose and lower data storage costs.  
With this agreement, IBM adds to its prior investments in Information Lifecycle Governance. The addition of StoredIQ capabilities enables clients to find and use unstructured information of value, respond more efficiently to litigation and regulatory events and lower information costs as data ages.  
IBM's Information Lifecycle Governance suite improves information economics by helping companies lower the total cost of managing data while increasing the value derived from it by:  
·        Eliminating unnecessary cost and risk with defensible disposal of unneeded data
·        Enabling businesses to realize the full value of information as it ages
·        Aligning cost to the value of information
·        Reducing information risk by automating privacy, e-discovery, and regulatory policies     
Adding StoredIQ to IBM’s Information Lifecycle Governance suite gives organizations more effective governance of the vast majority of data, including efficient electronic discovery and its timely disposal, to eliminate unnecessary data that consumes infrastructure and elevates risk. As a result, business leaders can access and analyze big data to gain insights for better decision-making. Legal teams can mitigate risk by meeting e-discovery obligations more effectively. Also, IT departments can dispose of unnecessary data and align information cost to value to take out excess costs. 
StoredIQ software provides scalable analysis and governance of disparate and distributed email as well as file shares and collaboration sites. This includes the ability to discover, analyze, monitor, retain, collect, de-duplicate and dispose of data. In addition, StoredIQ can rapidly analyze high volumes of unstructured data and automatically dispose of files and emails in compliance with regulatory requirements.