Legal tech mergers continue with e-discovery firm announcement
E-discovery companies Advanced Discovery and Consilio have announced they are joining forces.
“By combining with Consilio, we create the scale and scope of operations to serve our clients anywhere in the world and provide a tremendous breadth of technology solutions at all stages of the eDiscovery and risk management lifecycles,” said Jim Burke, CEO of Advanced Discovery, in a release. “Together, we plan to build even more competitive advantages for our clients by expanding our infrastructure, extending our solutions portfolio, expanding our geographic coverage and retaining and attracting the strongest teams of expert advisers.”
Collectively, their suite of services will include information governance, risk management, ediscovery and document review. The agreement brings together 2,500 employees, 14 data centers and 23 document review facilities in 11 countries, according to the release.
Consilio CEO Andy MacDonald will lead the new merged company, while Advanced Discovery CEO Jim Burke, will join the company’s board of directors.
Making this deal a reality was GI Partners, a private equity firm in San Francisco, which will take a majority stake in the combined companies. With this deal, two current investors will exit.
According to the release, the deal will close in the second quarter of 2018.