Ediscovery consolidation part #97: LDiscovery Completes Acquisition of Kroll Ontrack
LDiscovery LLC just announced it has closed the acquisition of Kroll Ontrack, LLC. The united organisation now has 43 offices in 19 countries with 12 data centers, 14 data recovery labs and approximately 1300 employees.
“The closing of this transaction marks a significant milestone in our industry,” said Chris Weiler, Chief Executive Officer of LDiscovery. “As one company we have created a global leader with the ability to serve global clients through strong international reach and local eDiscovery and data recovery expertise. Our combined strengths in developing innovative technology and delivering outstanding client service enable us to help our clients solve their greatest eDiscovery, data recovery and information governance challenges.”
“Today’s data challenges require a sophisticated global approach, and the combined company is poised to provide highly streamlined solutions to clients internationally,” said Mark Williams, President and Chief Operating Officer. “Our pioneering technical heritage, global footprint, and local knowledge are cornerstones to tackling modern eDiscovery and data loss complications. We have the best combined global team in the industry, all focused on delivering an outstanding client experience.”
Together, the company offers proprietary tools that stretch across the eDiscovery spectrum, the industry’s most robust and scalable infrastructure, world-leading data recovery software and service, and unparalleled Relativity expertise: the first provider to license Relativity, a deep bench of Relativity certified professionals, and value-added integrations that include back-to-back winners of Relativity’s Best Service Provider Solution and Community Choice awards in 2015 and 2016.
As previously announced, the combined organisation will be led by Chris Weiler, Chief Executive Officer, Mark Williams, President and Chief Operating Officer, and Douglas Strahan, Chief Financial Officer.
LDiscovery is a portfolio company of The Carlyle Group and Revolution Growth. Latham & Watkins LLP served as legal advisor and RBC Capital Markets served as M&A advisor to LDiscovery, The Carlyle Group and Revolution Growth. RBC Capital Markets, TD Securities and Northwestern Mutual led the debt financing for LDiscovery in support of the transaction.