Exterro Acquires Zapproved, With Plans for Integration Still in the Works
Exterro and Zapproved will now operate as a single company, with former Zapproved private equity investor K1 Investment Management retaining a minority stake in the combined e-discovery provider.
January 19, 2023 at 03:01 PM
3 minute read
Mergers and Acquisitions
On Thursday, e-discovery and information governance software provider Exterro announced its acquisition of Zapproved, an e-discovery software provider that focused on corporate legal departments.
As of today, Exterro and Zapproved will operate as combined, single business under the Exterro brand. However, how its separate products will be affected is still being determined.
Prior to the acquisition, Zapproved was under the portfolio of private equity firm K1 Investment Management, which invested $15 million in company in 2015. After Zapproved is absorbed by Exterro, K1 will roll a portion of proceeds made from the sale back into the business, retaining a minority stake of the combined company.
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