E-discovery is an industry increasingly defined by expansions, as industry giants continue to come together and claim a dominant place in the market. Among the companies whose name is becoming synonymous with size is LDiscovery, and in expanding its reach both within and beyond e-discovery, the company has acquired risk consultancy and e-discovery provider Kroll Ontrack.
Valued at about $410 million, the definitive purchase agreement—conducted in a cash transaction—expands the companies’ collective reach to 12,000 clients internationally, among which are Fortune 1000 companies and Am Law 100 firms, along with what Kroll called in a statement “some of the world’s largest financial institutions.” The deal is slated to close in the fourth quarter of 2016.
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