HaystackID Acquires E-Discovery Provider Business Intelligence Associates
The acquisition of BIA is the fifth M&A deal HaystackID has closed on in the past four years.
September 07, 2022 at 01:59 PM
2 minute read
E-discovery services firm HaystackID announced Wednesday that it acquired e-discovery service provider Business Intelligence Associates (BIA). No financial details were provided for the deal, though a press release announcing the acquisition noted that it was facilitated by HaystackID investor and private equity firm Quad-C Management.
In the press release, HaystackID CEO Hal Brooks said, "This deal follows a period of organizational alignment and internal investment around innovation, technology and advisory services and builds on several years of investment and growth. All of these internal and external investments position us well for additional future international growth across all of our business lines."
In fact, the acquisition is the fifth merger and acquisition deal for the company in the past four years. In 2018, after completing a recapitalization, HaystackID acquired both Envision Discovery and Inspired Review. The following year, the company also bought eTERA Consulting, while in 2020 HaystackID brought on Quad-C Management as an investor and merged with NightOwl Discovery.
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