LDiscovery Completes Acquisition of Kroll Ontrack
McLEAN, Va. – December 9, 2016 — LDiscovery, LLC, a provider of eDiscovery, data recovery and information governance solutions, today announced it has closed the acquisition of Kroll Ontrack, LLC. Serving 12,000 clients worldwide, including some of the world’s largest financial institutions, Fortune 1000 companies and Am Law 200 firms, the united organization now has 43 offices in 19 countries with 12 data centers, 14 data recovery labs and approximately 1,300 employees.
“The closing of this transaction marks a significant milestone in our industry,” said Chris Weiler, Chief Executive Officer of LDiscovery. “As one company we have created a global leader with the ability to serve global clients through strong international reach and local eDiscovery and data recovery expertise. Our combined strengths in developing innovative technology and delivering outstanding client service enable us to help our clients solve their greatest eDiscovery, data recovery and information governance challenges.”
“Today’s data challenges require a sophisticated global approach, and the combined company is poised to provide highly streamlined solutions to clients internationally,” said Mark Williams, President and Chief Operating Officer. “Our pioneering technical heritage, global footprint, and local knowledge are cornerstones to tackling modern eDiscovery and data loss complications. We have the best combined global team in the industry, all focused on delivering an outstanding client experience.”
Together, the company offers proprietary tools that stretch across the eDiscovery spectrum, the industry’s most robust and scalable infrastructure, world-leading data recovery software and service, and unparalleled Relativity expertise: the first provider to license Relativity, a deep bench of Relativity certified professionals, and value-added integrations that include back-to-back winners of Relativity’s Best Service Provider Solution and Community Choice awards in 2015 and 2016.
As previously announced, the combined organization will be led by Chris Weiler, Chief Executive Officer, Mark Williams, President and Chief Operating Officer, and Douglas Strahan, Chief Financial Officer.
LDiscovery is a portfolio company of The Carlyle Group and Revolution Growth.
Latham & Watkins LLP served as legal advisor and RBC Capital Markets served as M&A advisor to LDiscovery, The Carlyle Group and Revolution Growth. RBC Capital Markets, TD Securities and Northwestern Mutual led the debt financing for LDiscovery in support of the transaction.
Established in 2005 and headquartered in McLean, VA, LDiscovery provides a full range of legal and technology consulting services to law firms, corporations and government agencies. Comprised of attorneys, engineers, computer forensic experts, and litigation support professionals, LDiscovery is a leader in delivering best in class end-to-end eDiscovery solutions supporting the litigation, regulatory compliance and internal investigation needs of our clients. LDiscovery provides data collection and forensic investigation, early case assessment, electronic discovery and data processing, application software and data hosting for web-based document reviews, and managed legal review services. LDiscovery has been recognized as one of the fastest growing companies in North America by both Inc. Magazine (Inc. 5000) and Deloitte (Deloitte’s Technology Fast 500) and our President, Chris Weiler, was recognized as a 2014 Ernst & Young Entrepreneur of the Year™. Additionally, LDiscovery is an Orange-level Relativity Best in Service Partner, a Relativity Premium Hosting Partner, and its data center is ISO/IEC 27001 Certified. For more information, please email firstname.lastname@example.org or visit www.ldiscovery.com.
About Revolution Growth
Founded and led by Steve Case, Ted Leonsis, and Donn Davis, Revolution Growth invests in companies that can change the world. Its mission is to build disruptive, innovative businesses that offer consumers more choice, convenience and control in their lives. By taking a long-term approach and developing a true, hands-on partnership with entrepreneurs and management teams, Revolution Growth brings a unique strategy and passion to investing in and building significant companies. For more information, visit www.revolution.com/growth.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $176 billion of assets under management across 128 funds and 170 fund of funds vehicles as of June 30, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 35 offices across six continents. www.carlyle.com.
This press release may contain “forward-looking statements.” Forward-looking statements identify prospective information. Important factors could cause actual results to differ, possibly materially, from those stated in the forward-looking statements. In some cases you can identify forward-looking statements by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “potential,” “should,” “will” and “would” or the negatives thereof, variations thereof or other similar words. You should read statements that contain these words carefully because they discuss our future priorities, goals, strategies, actions to improve business performance, market growth assumptions and expectations, future business opportunities, capital expenditures, financing needs, financial position and other information that is not historical information or state other “forward-looking” information. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statements are made. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect thereto or with respect to other forward-looking statements.
Andy Maus, 952-949-4187, Andy.Maus@Ontrack.com