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Press Announcement Acquisition of law company leader expands financial services and life sciences sector focus at Elevate. Law company Elevate today [January 21, 2019] announced it has acquired Yerra Solutions. Elevate and Yerra will fully integrate their respective service offerings, which closely parallel each other in consulting, technology and tech-enabled managed services for law departments and law firms. The Yerra leadership team have all joined Elevate, whose combined 1,200 team members, fluent in over…
Article by Rob Robinson The Business of eDiscovery in the Winter of 2019 The eDiscovery Business Confidence Survey is a non-scientific quarterly survey designed to provide insight into the business confidence level of individuals working in the eDiscovery ecosystem. The core survey consists of nine multiple choice questions focused on factors related to the creation, delivery, and consumption of eDiscovery products and services. Additionally, in the fall of 2018 three new questions were added to determine responder…
Extract by Jack Kelly, Michelle Lauer, Ryan Printster, and Stephanie Zhang As the value of cryptocurrencies like Bitcoin and Ethereum have risen dramatically over the past few years, public interest in investigating use cases of blockchain technology has increased as well. Blockchain technology eliminates the need for a trusted central authority, and instead relies upon consensus mechanisms to ensure the security of the network. In this investigation, we explore authentication methods common to most blockchain…
Press Announcement EXTEND Resources today [January 17, 2019] announced that the company has acquired a controlling interest in Nighthawk Global Business Process Services, Inc., a leading provider of outsourced business and legal support services headquartered in Manila, Philippines. Prior to the acquisition, a strategic alliance existed between EXTEND Resources and Nighthawk Global that united the two companies in the pursuit of improving business performance. Now, as a subsidiary of EXTEND Resources, Nighthawk Global has been…
Acquisition Accelerates Company Managed Services Growth with Addition of Subscription and Contracted eDiscovery Expertise, Relationships, and Infrastructure HaystackID, a specialized eDiscovery services firm that helps corporations and law firms find, listen, and learn from data when facing complex, data-intensive investigations and litigation, today [January 17, 2019] announced it has acquired eTERA Consulting, a leading eDiscovery managed services company. The senior leadership teams of both organizations have reinvested in the combined business alongside additional investment from…
Extract from an article by Valentin Pivovarov Last year was very successful for legal tech and set a new record for investment in the industry. In the last few years, the growth dynamics of investments in legal tech companies were not high. Investors were eyeing a fairly young business area and refrained from large transactions. In 2016, $224 million was invested in the industry; in 2017, $233 million was invested. But in 2018, there happened to be explosive…
Extract from an article by Dean Takahashi Authenteq, creator of the blockchain identity verification technology Trollteq, has raised $5 million in funding and is now touting its 60-second identity verification process. Authenteq’s AI-driven automatic identity verification process uses a proprietary passive liveness detection to make sure whoever is signing up for the service is doing so in real time. The company then issues an eID for the user, located on the user’s mobile phone and private blockchain.…
Trustpoint.One, a premier eDiscovery and legal solutions provider in the U.S., today [January 14, 2019] announced the acquisition of Kelly Legal Managed Services (KLMS), formerly known as “Kelly Law Registry,” making this the third in a series of Trustpoint acquisitions during Q4 of 2018, including Alderson Court Reporting and Confluent Translations. “Kelly” is a respected name in the legal talent industry. Widely credited with pioneering the modern temporary help industry, William Russell Kelly founded the company in Detroit, Michigan,…
Press Announcement Driven, Inc., an end-to-end eDiscovery and data management solutions provider, announces [January 14, 2019] its acquisition of Omnivere. The newly-combined company offers law firms and corporate counsel one provider for software, services, consulting, and staffing across the entire data lifecycle. This includes dynamic technology and staffing solutions for information governance, eDiscovery, managed services, and managed document review. “We are excited to collaborate with the Omnivere team to offer augmented solutions to its robust client base.…
Article by Rob Robinson eDiscovery Professionals Concerned with Budgetary Constraints The eDiscovery Business Confidence Survey is a non-scientific quarterly survey designed to provide insight into the business confidence level of individuals working in the eDiscovery ecosystem. The survey consists of nine core multiple choice questions focused on factors related to the creation, delivery, and consumption of eDiscovery products and services. Additionally, the survey contains three optional questions focused on responder sentiment regarding the business operational metrics of…