Consilio and Xact Data Discovery Announce Merger, With Eye on Broader Legal Services Expansion
The transaction is set to close in the coming weeks, and the combined Consilio said it intends to use its additional scale to potentially acquire or develop offerings to service the entire EDRM and legal lifecycle.
April 20, 2021 at 11:00 AM
4 minute read
Today, Consilio announced that it is merging with fellow e-discovery provider Xact Data Discovery, in another sign that private equity investments and evolving client demands continue to push midsize e-discovery companies into the arms of larger providers.
Along with acquiring Xact, it was also announced that Consilio will be sold to investment funds managed by private equity firm Stone Point Capital.
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