Financial terms of the deal closed earlier this week have not been made public.
Syngence is headquartered in Dallas, Texas and develops a suite of vertically-focused search and document management tools aimed at the legal industry. The software helps users sift through large and complex document and electronic file repositories, extracting and analyzing key data more efficiently than generic search products.
Syngence recently began licensing auto coding and search query applications as the first components of a software product suite planned for launch in the third quarter of this year. The software will also include near-duplicate capabilities and related applications that are currently in development.
Syngence said it agreed to be bought in order to accelerate its growth in the electronic discovery market through the availability of new capital resources.
The buyer group includes Johan Liedgren, who formerly ran Microsoft’s worldwide distribution and launched its corporate licensing policy. He has now been appointed chairman of Syngence’s new board of directors.
All of Syngence’s former employees, including its CEO George Nega, are being retained.
