UK-based eDisclosure, digital forensics and managed services leader Anexsys has been acquired by U.S private-equity-backed company Xact Data Discovery (XDD) from Hobs Group following a restructure.
Anexsys’ managing director Rob Crowley will remain with the business. He said: “Having worked alongside the XDD executive team for several months, it became quite evident that merging forces was a natural fit highly beneficial to both organizations on multiple fronts.
“Having access to XDD’s expansive services, operations and expertise will enable us to further strengthen our relationships with key clients, while expanding business opportunities with new organizations. XDD’s culture and commitment to exceeding client expectations aligns congruently with Anexsys’ approach. We look forward to integrating organizations over the next few months and working together in the UK.”
The Hobs Group said in a statement that the sale comes as it continues to focus and grow its market share in the reprographics and 3D services sectors.
Xact Data Discovery is a leading provider of eDiscovery, data management and managed services for law firms and corporations. It was acquired in January 2018 by JLL Partners, a mid-market private equity firm based in New York. As part of the transaction, JLL said it was partnering with XDD Founder and President Bob Polus on the “next phase of its growth as it continues to strengthen its market position as an industry leader and innovator within the eDiscovery and legal process outsourcing markets.” It’s other recent acquisitions include F1 Discovery, RVM Enterprises and Beyond IT forensics.
David Moran, XDD President and COO, said: “Complementing our recent domestic acquisitions, adding Anexsys to the XDD family enables XDD to expand eDiscovery, Forensics and Managed Review services in the UK. Based strategically in London, UK, the Anexsys team has earned a solid reputation for providing exemplary eDiscovery consultancy services to a wide variety of law firms, corporations and government agencies. Mirroring XDD’s customer-centric culture, we look forward to jointly servicing clients as we continue to expand our footprint abroad.”