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Industry Round-up | May, 2022

Industry News

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Recent Legal Technology & Legal Services M&A Activity

February 17, 2022. Paradigm Acquires TrustBooks
Paradigm announces the acquisition of a cloud-based accounting solution tailor-made for lawyers, TrustBooks. Launched in 2015, TrustBooks was created to simplify the legal trust accounting process for non-accountants and empower attorneys to handle their books while staying compliant with their state bar. TrustBooks’ easy-to-use platform provides users the ability to complete their trust and operating accounting needs, all in one place…
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February 24, 2022. DISCO Acquires Congruity 360’s Legal Hold, Request Automation Tools
Legal technology company, DISCO, today announced it has acquired legal workflow products Hold360 and Request360, as well as related regulatory and alert solutions, from Congruity 360, LLC. These legal workflow capabilities will integrate with DISCO’s cloud-based ediscovery platform and provide a modern, digital solution for corporate legal hold obligations and legal request compliance…
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March 3, 2022. Thomson Reuters Acquires ThoughtTrace
Thomson Reuters, a provider of business information services, has acquired ThoughtTrace, a business providing a document understanding and contract analysis platform. ThoughtTrace, based in Houston, uses pre-trained artificial intelligence and machine learning capabilities developed by industry experts to read, organize, and manage business-critical document workflows for customers…
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March 8, 2022. Empire Technologies Risk Management Group Acquires L2 Services
Empire Technologies Risk Management Group announces the company’s acquisition of L2 Services, a litigation support company with offices in Chicago and New York. The merger builds upon L2 Services’ of enterprise data management practice for corporations, law firms and government organizations…
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April 5, 2022. ArcherHall Acquires Cooper Discovery Solutions
ArcherHall today announced that it has acquired Cooper Discovery Solutions, a provider of digital forensics and electronic discovery consulting services to the legal community in Orlando, Tampa, and the surrounding region …
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May 2, 2022. ArcherHall Acquires Forensic Pursuit
ArcherHall has acquired Forensic Pursuit, a provider of digital forensics, electronic discovery, and expert witness services to law firms, corporations, and e-Discovery companies across the United States …
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May 5, 2022. Magnet Forensics Acquires Comae Technologies
Magnet Forensics has acquired Comae Technologies, a UAE-based cybersecurity company that specializes in cloud-based memory analysis used to recover evidence from the volatile memory of devices. As part of the acquisition, Comae founder Matt Suiche and his team will further develop Comae’s memory analysis platform, integrate the technology into Magnet Forensics’ solutions and will lead a memory analysis and incident response research and development team at the company …
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About Arbor Ridge Partners, LLC.

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and legal software companies. With over 100 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.ArborRidgePartners.com

Industry Round-up | February, 2022

Industry News

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Industry News

New York Legal Tech Arbor Ridge Partners will be in New York the week of March 7th for Legal Week. If you are interested in learning more about the current state of Legal Technology & Legal Services M&A, please email info@ArborRidgePartners.com or use the following form to schedule a confidential and free consultation with Arbor Ridge Partners before, during, or after the conference.

Recent Legal Technology & Legal Services M&A Activity

October 7, 2021. iCONECT Acquires Ayfie Inspector Artificial Intelligence Codebase Gold Copy
iCONECT Worldwide Inc., a privately-held leader in legal technology and eDiscovery, today announced that effective immediately, they have reached an agreement with Ayfie Group AS of Oslo, Norway to acquire a ‘gold copy’ of the highly regarded Ayfie Inspector artificial intelligence code base including all subcomponents and patent licenses in perpetuity for an undisclosed sum. Ayfie Inspector technology uses artificial intelligence and complex algorithms to identify entities and patterns in documents and data in a way well beyond the standard regex typically found in the eDiscovery industry and document management space.…
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November 3, 2021. Smarsh Acquires Digital Safe Product Line From Micro Focus
Smarsh, enabling organizations to manage the risk and uncover the value within their electronic communications, announced today that it will acquire the Digital Safe archiving and risk management portfolio from Micro Focus following required customary regulatory approvals, expected in the first calendar quarter of 2022. The addition of the Digital Safe customer base, technology and team of subject-matter experts strengthens Smarsh’s position in Enterprise Information Archiving and accelerates execution of its global growth strategy.…
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November 3, 2021. NetDocuments Acquires Document Automation Toolkit Afterpattern
NetDocuments, a cloud content management platform where legal professionals do work, today announced the acquisition of Afterpattern, a no-code automation toolkit that law firms and legal teams use to produce hundreds of thousands of documents and workflow automations. By integrating Afterpattern into the NetDocuments platform, customers will be able to further focus on the “create” aspect of the document lifecycle and be empowered to automate documents, at scale….
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November 3, 2021. Brightflag Acquires Orrick Spinoff Joinder
Brightflag, an AI-powered legal operations platform, today announced its acquisition of Joinder, a system that legal professionals use to securely track activities, collaborate with colleagues, and store work assets. Joinder will now be known as Brightflag Workspace and form an integral part of the Brightflag Legal Operations Platform.The combination of Brightflag and Brightflag Workspace offers an end-to-end solution for legal operations, from intake to outside counsel management to strategic planning….
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November 10, 2021. Driven & Innovative Discovery Merge
Driven, Inc. (“Driven”) and Innovative Discovery, LLC (“ID”) announced today that the two companies have merged, creating an end-to-end provider of services across the information lifecycle, including information governance, eDiscovery, and managed review. The combined company will initially operate under the name Innovative Driven and will feature world-class consultants, subject-matter experts, and technology professionals, offering legal, corporate, and government clients a range of services and solutions to support their ever-evolving data management needs.…
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December 1, 2021. Epiq Acquires Simplex Services Inc.
Epiq, a technology-enabled services provider to the legal industry and corporations, announced today that it has acquired Simplex Services Inc. (Simplex), an alternative legal services provider based in Canada. Founded in 2012 by two former GE executives, Simplex, and its affiliated law firm, Simplex Legal LLP, provide flexible legal talent and tech-enabled legal services to corporate clients throughout Canada. Simplex’s offerings include interim support for in-house teams and corporations, legal tech consulting, and technology-enabled legal services for high-volume legal mandates such as financing and corporate maintenance filings.…
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December 7, 2021. Sedgwick Acquires JND Legal Administration
Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, announced it has acquired JND Legal Administration (JND), a legal management and administration services provider serving plaintiff and defendant law firms, corporations and government entities across five main service lines. The acquisition will expand legal solutions offerings for Sedgwick’s clients and bolster the company’s class action administration services. JND is the leading U.S. provider of full-service class action administration, mass tort and lien resolution, eDiscovery, government redress and legal noticing services….
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December 14, 2021. Consilio Acquires Legility
Consilio, an eDiscovery, document review, risk management, and legal consulting services, announced today it has closed the acquisition of Legility, a legal services provider. The acquisition will strengthen Consilio’s enterprise legal services and flexible legal talent solutions offerings. Legility will enhance Consilio’s resources with a deepened breadth of new talent in managed review, flexible legal talent, enterprise legal solutions, eDiscovery, and investigation & litigation support to corporations and law firms of all sizes….
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January 5, 2021. Aderant Acquires American LegalNet.
Aderant, a provider of business software to law firms, announced today the acquisition of American LegalNet (ALN), a respected provider of court forms, eFiling, calendaring and docketing solutions. Aderant and ALN customers will now have access to an expanded suite of best-in-class solutions that will further enable law firms to meet the demands of their clients today while preparing for the future….
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January 11, 2022. Onit Acquires SecureDocs.
Onit, Inc., a provider of enterprise workflow solutions including enterprise legal management and contract lifecycle management, today announced that it has acquired SecureDocs, a software company for contract management, virtual deal rooms and electronic signatures. The acquisition, expands the company’s product portfolio from enterprise-level contract lifecycle management to include contract management solution for new and growing legal operations teams….
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January 18, 2022. Litera Acquires Prosperware.
Litera, a provider of legal technology solutions, announced today it has entered into a definitive agreement to acquire Prosperoware, an enterprise software company for the adoption and governance of collaboration systems. The acquisition will enable teams within law firms to collaborate more efficiently and securely when working in the office or from home….
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January 19, 2022. Mitratech Acquires Quovant
Mitratech, a provider of legal and compliance software, acquires Quovant, a solution for spend management, advanced analytics, and legal bill review. Quovant enables customers to simplify and add transparency to legal bill review processes. Through Quovant’s expert review services and technology, invoices are centralized and reviewed against an organization’s specific billing guidelines, which helps to drive improvements in efficiency and compliance. The Quovant software also delivers advanced analytics and artificial intelligence (AI) categorization capabilities….
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February 1, 2022. BigHand Acquires Iridium Technology
BigHand, a provider of operational and financial products for law firms, today announced it has acquired Iridium Technology. BigHand and Iridium have been offering complementary products and in coming together, now offer powerful insight and data into law firms financial management, operational management, resource optimization and business development. “Law firms are under continuous pressure to improve their efficiency while also growing their profitability..…
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About Arbor Ridge Partners, LLC.

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and legal software companies. With over 100 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.ArborRidgePartners.com or call 800-226-2760.

Industry Round-up | November, 2021

Industry News

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Recent Legal Technology & Legal Services M&A Activity

August 2, 2021. Cobra Acquires Digital Discovery
Cobra Legal Solutions, a legal support services company, has acquired digital forensics and data collection company, Digital Discovery. Based in Dallas, the team at Digital Discovery adds upstream evidence collection, forensic investigations, and cyber incident response capabilities to further augment Cobra’s eDiscovery and data breach services.…Read More

August 10. 2021. Litera Agrees to Acquire Kira Systems
Litera, a legal technology solutions company, announced that it has agreed to acquire Kira Systems (“Kira”), a contract review and analysis software company. Founded in 2011 and based in Toronto, Canada, Kira is a provider in contract analysis software for law firms, helping lawyers to analyze more documents with greater efficiency and accuracy.

As part of the acquisition, Insight Partners, an investor in Kira Systems since August 2018, will further its investment in Kira, becoming a minority investor in Litera. Hg, a global software and services investor will remain the majority investor in Litera. Hg first invested in Litera in 2019….Read More

August 18, 2021. Morae Acquire Adaptive Solutions
Morae Global Corporation, a legal services business announced the acquisition of Philadelphia-based information management provider Adaptive Solutions, Inc. (“Adaptive”). The acquisition strengthens Morae’s existing North American delivery and support capabilities for its comprehensive array of technology offerings and legal managed services designed to enable law firms, legal departments, and compliance functions to manage their cost, information, and risk….Read More

August 25, 2021. CloudNine Acquires ESI Analyst
eDiscovery technology company CloudNine announced the acquisition of ESI Analyst, the emerging standard for modern file types such as mobile, chat, social media, text, computer activity, financial data, and more. The acquisition affirms CloudNine’s recent announcement to invest in the development of additional, high value product offerings for its customers and the broader market to reduce costs and risk.…Read More

August 31, 2021. Frontline Managed Services Acquires LogicForce
Frontline Managed Services, a provider of managed services geared for the legal industry, announces the acquisition of LOGICFORCE, a legal IT consulting service with over 23 years of experience representing hundreds of middle market and large law firms across the country. Through this acquisition, Frontline Managed Services adds 50 professionals to its IT Managed Services staff, bringing the organization to more than 750 employees.…Read More

September 1, 2021. Onit Acquires Bodhala
Onit, Inc., a provider of legal enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has acquired Bodhala, an AI-powered legal spend analytics, benchmarking and market intelligence solution…Read More

September 8, 2021. Clio Acquires LawYaw
Clio, a provider of cloud-based legal technology, announced its acquisition of Lawyaw, a San Francisco-based company developing innovative digital workflows for legal documents. As part of the acquisition, Lawyaw’s team will join Clio to continue their work connecting and streamlining information gathering, automated document generation, and e-signatures for legal professionals…Read More

September 9, 2021. UnitedLex Acquires Blackstone Discovery
UnitedLex, a technology and legal services company, today announced its acquisition of BlackStone Discovery, an eDiscovery technology provider based in Silicon Valley. BlackStone’s offerings include services in forensics, eDiscovery, investigations and incident response, trial support, managed review, and more. BlackStone Discovery’s consulting team aims to help clients reduce eDiscovery costs, mitigate data risks, and improve litigation outcomes. BlackStone works with Fortune 500 technology and law firms as clients…Read More

September 14, 2021. Consilio Acquires Special Counsel’s Discovery, Consulting Units
Consilio, an eDiscovery, document review, risk management, and legal consulting services company, announced today it has entered into a definitive agreement to acquire the Adecco Group’s D4 and EQ, the legal consulting and eDiscovery (“legal solutions”) business of Special Counsel. The Adecco Group will retain the legal staffing and legal permanent placement units of the Special Counsel business which will be transitioned to LHH Professional Recruitment as part of its global Talent Solutions transformation. The acquisition of the business units continues to expand Consilio’s expertise particularly in the areas of document review, legal process outsourcing, and Cyber Incident Response….Read More

September 22, 2021. Mitratech Acquires Alyne
Mitratech, a provider of legal and compliance software, today announced the acquisition of digital governance, risk management and compliance platform provider, Alyne. Alyne leverages next-generation artificial intelligence to connect corporate legal and compliance functions, empowering professionals on both sides to assess, monitor, report, and act on all relative risks within the enterprise, including ESG management….Read More

September 29, 2021. Onit Acquires BusyLamp
Onit, Inc., a provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has acquired BusyLamp, a provider of legal spend and matter management software for European corporate legal departments..…Read More

October 27, 2021. Nextpoint Acquires WarRoom from LaunchPad Lab.
Nextpoint, a cloud-based eDiscovery and Litigation support software platform acquired WarRoom from LaunchPad Lab. WarRoom was launched in 2008 to address the needs of litigators by delivering a user-friendly, cloud-based deposition transcript repository….Read More


About Arbor Ridge Partners, LLC.

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and legal software companies. With over 100 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.ArborRidgePartners.com or call 800-226-2760.

GREG MAZARES JOINS ARBOR RIDGE PARTNERS

Arbor Ridge Partners is pleased to announce that Greg Mazares has joined our Leadership Team as an M&A Advisor.

Greg Mazares has over 40 years of experience as a senior executive for public and private corporations in consumer goods, financial services, and litigation support services. He has spent the past 33 years as a senior leader of litigation services and legal technology companies.

His experience includes serving as EVP of M&A for KLDiscovery Inc. Previously, he was president & CEO at Encore Discovery Solutions and president of sales at Discovia, where he led the growth of both companies prior to their acquisitions in 2011 and 2017, respectively. He also was part of a management group which acquired over 40 court reporting firms across the United States to form Esquire Deposition Services.

Greg holds an undergraduate degree in economics from Harvard University and an MBA from Harvard Business School.


About Arbor Ridge Partners, LLC.

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and legal software companies. With over 75 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.ArborRidgePartners.com or call 800-226-2760.

Arbor Ridge Partners advises ESI Analyst on its Sale to CloudNine

September 7, 2021: Arbor Ridge Partners, the leading M&A advisory firm for the Legal Technology and Legal Services industry, is pleased to announce that our client, ESI Analyst, has been acquired by CloudNine – a leading provider of legal technology.

ESI Analyst is a standout amongst eDiscovery investigation tools, allowing forensic investigators, legal teams and experts to tell the entire case story by combining multiple sources of digital evidence in a single platform. ESI Analyst set the standard for modern file types such as mobile, chat, social media, text, computer activity, and financial data. The integration of these two platforms will enable customers one-place to load, process, analyze, and review all data types in a single platform while delivering the flexibility to choose alternative review platforms.


About Arbor Ridge Partners, LLC

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and legal software companies. With over 75 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.ArborRidgePartners.com or call 800-226-2760.

Industry Round-up | August 10, 2021

Industry News

ILTA Conference.
Arbor Ridge Partners will be in Las Vegas the week of August 23rd for the ILTA Conference. If you are interested in learning about the current state of Legal Technology & Legal Services M&A, please email info@ArborRidgePartners.com or use the following form to schedule a confidential and free consultation with Arbor Ridge Partners before, during, or after the conference.

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Recent Legal Technology & Legal Services M&A Activity

May 5, 2021. Gimmal acquires Sherpa Software
Gimmal LLC, a provider of information governance software solutions, has announced that Sherpa Software, LLC, a Pittsburgh-based enterprise data governance and eDiscovery solutions provider, has merged into Gimmal, effective as of May 4, 2021. With Sherpa, Gimmal adds full data governance and eDiscovery capabilities to the Gimmal Discover product suite…..
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May 17, 2021. Sandline Discovery Acquires 24legal
Sandline Discovery, a U.S. based eDiscovery and managed services provider, has acquired German IT consulting company 24legal.

Based in Frankfurt, Germany, 24legal provides consultation, implementation and management of document management platforms such as NetDocuments and iManage, as well as law firm management platforms like CLIO PMS. The addition of these offerings to Sandline’s product suite gives the combined company a portfolio of solutions that covers the full Electronic Discovery Reference Model (EDRM) from information governance through production and presentation…..
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May 27, 2021. Relativity Acquires Text IQ
Relativity, a litigation review technology company, today announced that it has acquired Text IQ, an AI company applying artificial intelligence (AI) to identify sensitive data. Text IQ leverages unsupervised machine learning (ML), graphical modeling, social network analysis (SNA), natural language processing (NLP) and deep learning to create AI solutions to manage and mitigate risks in enterprise data. Text IQ’s AI helps to lower the cost and risk of legal privilege review, speed up and increase the accuracy of data breach response workflows, and quickly identify and manage personally identifiable information (PII) which are often associated with Global Data Protection Regulation (GDPR) and Data Subject Access Requests…..
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July 1, 2021. Litera acquires UK-based Objective Manager
Litera, a legal technology solutions company, today announced it has completed the acquisition of UK-based Objective Manager, a SaaS strategic planning and performance platform for the legal market. Objective Manager is a multi-tenant SaaS platform for strategic planning, performance management, and talent engagement in law firms. It enables firms to accelerate their strategic and performance agenda by aligning their people to the firm’s strategic objectives. Objective Manager advances Litera’s journey to help law firms leverage powerful data insight that informs intelligent and differentiated strategic firm plans, client plans, and people strategies…..
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July 7, 2021. IPRO Acquires ZyLAB
IPRO, an eDiscovery and Information Governance software company for corporations, government agencies, and legal partners, announced the acquisition of ZyLAB, creators of the ZyLAB ONE and ZyLAB Legal Hold products. The combination provides IPRO’s clients with extended capabilities in legal hold automation, advanced analytics, and cloud capabilities.

ZyLAB’s fully automated notifications and custodian acknowledgements mitigate against accidental data loss and evidence spoliation. With this acquisition, IPRO now delivers early data assessment (EDA) with real-time, hold-in-place data preservation. This simplifies legal and compliance processes, resulting in the seamless automation of organizational information governance…..
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July 8, 2021. Lighthouse acquires H5
Lighthouse, a technology-enabled ediscovery, litigation support services, compliance and information governance provider, today announced it will acquire H5, a provider of sensitive data classification, analytics and ediscovery solutions for complex litigation and regulatory compliance challenges. The investment in H5 underscores the company’s commitment to bringing innovative technology and services to its global information governance, compliance and ediscovery clients…..
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About Arbor Ridge Partners, LLC.

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and legal software companies. With over 75 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.ArborRidgePartners.com or call 800-226-2760.

Industry Round-up | May 18, 2021

Industry News

COVID-19 Update. The Legal Technology & Legal Services M&A landscape has changed since the COVID-19 pandemic broke out. If you are thinking about buying or selling a legal technology or legal services business, or simply interested in learning about the current state of Legal Technology & Legal Services M&A, please email info@ArborRidgePartners.com or use the following form to schedule a confidential and free consultation with Arbor Ridge Partners.
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Recent Legal Technology & Legal Services M&A Activity

March 2, 2021. HBR Consulting Acquires Keno Kozie
HBR Consulting LLC, an advisor to law firms and law departments worldwide, today announced the acquisition of Keno Kozie Associates, Ltd., a provider of information technology design, service, and help desk support to law firms and legal departments. Effective March 1, 2021, this combination will form a comprehensive strategy, operations, and technology consulting firm for the legal industry. HBR and Keno Kozie will bring together more than 700 experts in these areas….
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March 25, 2021. Kroll Acquires Redscan
Kroll, a provider of legal services and digital products related to governance, risk and transparency, today announced that it has acquired Redscan, a cyber security services provider based in the United Kingdom. With the addition of Redscan and its extended detection and response (XDR) enabled security operations center (SOC) platform, Kroll expands its Kroll Responder capabilities to support a wider array of cloud and on-premise telemetry sources….
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April 13, 2021. Xact Data Discovery Acquires Zeledon-Castillo, LLC.
Xact Data Discovery (XDD), a provider of eDiscovery, legal services, data management and managed review services for law firms and corporations, announces the acquisition of Zeledon-Castillo, LLC’s eDiscovery assets. Based in San Antonio, TX, Zeledon-Castillo provides core eDiscovery services in the southern Texas region….
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April 20, 2021. Xact Data Discovery Acquires Lexolution
Xact Data Discovery (XDD), a provider of legal services, litigation support, eDiscovery, data management and managed review services for law firms and corporations, announces the acquisition of Lexolution, a legal staffing and managed review services company headquartered in New York, NY. Lexolution fulfills short to long-term, tailored legal staffing needs from a database of 20,000+ highly-skilled attorneys across multiple fields of expertise including; antitrust, securities, banking and financial services, insurance, government investigations, technology, pharmaceutical, media, manufacturing and healthcare….
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April 20, 2021. Consilio Merges with Xact Data Discovery
Consilio, a provider of legal services, eDiscovery, document review, risk management, and legal consulting services, and Xact Data Discovery (XDD), a provider of eDiscovery, litigation support, data management, and managed review services, announced today that they have agreed to a merger of the two companies. The united company will operate as a global technology-enabled service provider and eDiscovery leader. The combined company will operate under the Consilio name and will consist of over 4,000 employees and active review professionals serving clients from more than 70 global regions across 11 countries….
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May 6, 2021. Mitratech Acquires AdvanceLaw
Mitratech, a provider of legal and compliance software, announced the acquisition of AdvanceLaw. AdvanceLaw is a marketplace through which corporate general counsels create and manage law firm panels by sharing law firm performance information within the AdvanceLaw GC network….
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May 10, 2021. Mitratech Acquires ContractRoom
Mitratech, a provider of legal and compliance software, announced the acquisition of ContractRoom, a contract lifecycle management (CLM) solution. The acquisition expands Mitratech’s end-to-end portfolio of legal and compliance solutions, including Enterprise Legal Management (ELM) products for managing core legal functions, TAP Workflow Automation, and VendorInsight for mitigating third-party vendor risk….
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About Arbor Ridge Partners, LLC.

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and legal software companies. With over 75 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.ArborRidgePartners.com or call 800-226-2760.

Industry Round-up | February 23, 2021

COVID-19 Update. The Legal Technology & Legal Services M&A landscape has changed since the COVID-19 pandemic broke out. If you are thinking about buying or selling a legal technology or legal services business, or simply interested in learning about the current state of Legal Technology & Legal Services M&A, please email info@ArborRidgePartners.com or use the following form to schedule a confidential and free consultation with Arbor Ridge Partners.

Recent Legal Technology & Legal Services M&A Activity

January 5, 2021. Fastcase Merges with Casemaker
Legal publishers Casemaker and Fastcase today announce their merger and joint building out of legal research and analytics, news, data, and workflow solutions. The two companies will combine their teams and technologies to innovate research, analytics, and workflow offerings that empower lawyers with powerful digital solutions for their clients. The two companies have taken a similar trajectory in creating an affordable and widely accessible alternative to the global publishers that dominate American law, offering subscriptions to bar associations, who subscribe on behalf of their members. Each company offers its subscribers different products, and this merger allows the combined company to offer state bar associations the best of both, a more complete alternative for legal research…

January 5, 2021. Litera Acquires Foundation Software Group
Litera, a provider of legal technology and software for law firms, today announced it has acquired Foundation Software Group, developer of an intelligence platform for law firms. Litera is poised to continue to invest in the development and support of Foundation’s data platform that manages disparate data about clients, matters, people, and parties into usable and actionable information. The Foundation platform helps lawyers improve client service, win new business, and gain insight into both the business and practice of law. As a result, Litera expands its offerings for the practice of law to also include the business of law, increasing the company’s ability to provide value to its law firm customers across the matter and client lifecycles…

January 6, 2021. Relativity Acquires VerQu
Relativity, a legal and compliance technology company, today announced that it has acquired VerQu, a data management software company that helps organizations migrate and capture communication data for record retention and compliance purposes. The integration of VerQu into Relativity’s RelativityOne and SaaS products will enhance how organizations handle collaboration and chat data, and accelerate the ability to collect, analyze, monitor and review all types of unstructured data seamlessly and securely…

January 26, 2021. Reveal & Brainspace Merge
Reveal, a global provider of AI-powered eDiscovery platform, and Brainspace, a global provider of visual analytics for eDiscovery and investigations, announced today that they have joined forces. The combination brings together two leading artificial intelligence and analytics engines, propelling the next evolution of legal technology. K1 Investment Management, a leading investment firm focused on high-growth enterprise software companies, has invested over $200 million in the combined organization…

February 8, 2021. Questel Acquires doeLEGAL
Questel announces the acquisition of doeLEGAL, an Enterprise Legal Management and eDiscovery legal technology company based in Wilmington, Delaware, with 50 years of experience. doeLEGAL’s mission is to provide clients with control over their cases and costs in order to make better-informed decisions. Questel has built an end-to-end integrated platform of software and services addressing all the Intellectual Property needs and already covers more general legal needs such as invoice and cost management, which are very synergetic with ELM solutions…

February 9, 2021. Veristar Acquires Planet Data Solutions
Veristar, a legal services delivery firm, today announced the acquisition of Planet Data, accelerating the firm’s offerings and solutions for corporate legal departments and law firms. Planet Data Solutions, Inc. will sell its assets to Veristar. Planet Data’s Exego® software division will operate under a separate Exego LLC…


About Arbor Ridge Partners, LLC.

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies; including, litigation support, computer forensics, eDiscovery, legal services, and software companies. With over 40+ years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, we can help maximize value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.arborridgepartners.com or call 800-226-2760.

Industry Round-up | January 13, 2021

COVID-19 Update. The Legal Technology & Legal Services M&A landscape has changed since the COVID-19 pandemic broke out. If you are thinking about buying or selling a legal technology or legal services business, or simply interested in learning about the current state of Legal Technology & Legal Services M&A, please email info@ArborRidgePartners.com or use the following form to schedule a confidential and free consultation with Arbor Ridge Partners.

Recent Legal Technology & Legal Services M&A Activity

July 31, 2020. Mitratech Acquires Tracker Corp
Mitratech, a provider of legal and compliance software, today announced its acquisition of Tracker Corp. a provider of SaaS I-9, E-Verify, and immigration management solutions. The acquisition will equip Mitratech to help organizations overcome the challenges of increased government scrutiny, remote workforces, inefficient immigration management, and painful and costly manual staffing processes. Tracker Corp, located in San Francisco, CA, was founded in 2002 by Julie Pearl and Fred Colman with the vision of providing automated solutions for immigration law firms and corporations that handled a tremendous volume of immigration cases…
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August 5, 2020. Xact Data Discovery Acquires RVM Enterprises
Xact Data Discovery (XDD), a provider of legal services, eDiscovery, data management and managed review services for law firms and corporations, announces the acquisition of Anexsys Group Limited, an eDiscovery services company based in London, UK…
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August 11, 2020. Reveal Acquires NexLP (Story Engine)
Reveal announced today the acquisition of NexLP, the leading artificial intelligence software in the legal industry. With the acquisition, Reveal becomes the market-leader in AI-powered, end-to-end eDiscovery. The acquisition of NexLP marks a significant step forward for the eDiscovery industry, positioning Reveal as a next-generation market leader with the first software to include best-in-class review, artificial intelligence and processing in an all-inclusive solution that achieves better outcomes and discovery insights faster…
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August 13, 2020. Thomson Reuters Acquires CaseLines
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September 8, 2020. Ayfie Group Acquires Haive
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December 1, 2020. TCDI Acquires Cicayda
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About Arbor Ridge Partners, LLC.

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies; including, litigation support, computer forensics, eDiscovery, legal services, and software companies. With over 40+ years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, we can help maximize value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.arborridgepartners.com or call 800-226-2760.

Arbor Ridge Partners advises Cicayda on its Sale to TCDI

M&A ACTIVITY ROUND-UP | December 3, 2020

Chicago, Illinois – December 1, 2020: Arbor Ridge Partners, the leading M&A advisory firm for the Legal Technology and Legal Services industry, is pleased to announce that our client, Cicayda, has been acquired by TCDI – a leading provider of legal services, software and cybersecurity.

Cicayda was founded in 2012 by a team of legal experts to provide a full-service eDiscovery ecosystem offering pre-discovery strategy, consulting/testifying experts, managed document review, and a fully cloud based technology platform supported by expert project managers. Cicayda’s processes, procedures, and technology are based on years of industry experience and tailored to provide the client with the most informative and efficient method of discovery management.

The deal will expand TCDI’s existing capabilities in eDiscovery, cybersecurity, and managed document review, adding Cicayda’s proprietary software to the TCDI technology suite. TCDI will integrate Cicayda’s software, iDiscovery®, into its own proprietary technology and services, including augmenting its eDiscovery platform, CVLynx®, with legal hold automation capabilities developed by Cicayda.

Cicayda CEO Aaron Vick said, “When it comes to M&A of legal technology and legal services businesses, it is hard to imagine anyone better or with more knowledge than Arbor Ridge Partners. Arbor Ridge Partners helped make it possible for us to join forces with TCDI and scale our existing services while providing our clients with new capabilities in cybersecurity.”

Trivest Partners (“Trivest”), a private investment firm specializing in growth-oriented founder-based businesses, has partnered with TCDI since early 2020. Since this partnership, Trivest has focused on accelerating various growth initiatives at TCDI including identifying and closing strategic acquisitions similar to Cicayda. “Arbor Ridge Partners’ experience, professionalism, vision and execution were key for the alignment of the parties involved in this deal,” said Trivest Principal Amir Mirheydar.

Arbor Ridge Partners served as the exclusive advisor to Cicayda and arranged this transaction.


About Arbor Ridge Partners, LLC

Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and software companies. With over 60 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses.