Migrated from eDJGroupInc.com. Author: Greg Buckles. Published: 2015-03-05 19:00:00Format, images and links may no longer function correctly.
It feels like the Microsoft acquisition of Equivio rang the dinner bell and has VC investors salivating at the chance to pump cash into the eDiscovery market. We have seen $400+ million flow into our little market in the last quarter alone. Clearview’s acquisition of mid-tier service provider Xact Data Discovery for an unspecified amount is just the latest announcement. Here are a few examples:
- Lighthouse eDiscovery – $30M
- CS Disco – $10M
- kCura – $125M – Who ever thought Andrew would let go of a single share? Certainly not Andrew the last time I interviewed him.
- Modus – $10M
- Equivio – rumor has ~$200M, but amount never confirmed
- Zapproved – $15M
Exciting times. I just hope that investors do their homework and understand exactly how complex this market is.
Greg Buckles wants your feedback, questions or project inquiries at Greg@eDJGroupInc.com. His active research topics include analytics, mobile device discovery, the discovery impact of the cloud, Microsoft’s 2013 eDiscovery Center and multi-matter discovery. Recent consulting engagements include managing preservation during enterprise migrations, legacy tape eliminations, retention enablement and many more.
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