RenewData, a provider of services for the discovery, archiving, and governance of electronically stored information (ESI), has completed acquisition of Digital Mandate, a provider of discovery lifecycle management systems including Vestigate document review software.
RenewData said that this acquisition strengthens its commitment to invest in technology that delivers information governance systems, lowers costs to clients, and meets requirements for both legal and IT professionals. ABS Capital Partners and CIBC Capital Partners provided the equity financing.
According to the company, Vestigate document review software is beneficial for early case assessment (ECA) and first-pass review, which often helps in lowering eDiscovery costs.
Steven Horan, CEO of RenewData, said: Superior eDiscovery solutions are rooted in both technology and legal insight and this acquisition enables both through a robust technology that utilises legal judgment. We’re excited to be bringing on the exceptional Digital Mandate team and Vestigate technology platform, both of which give RenewData tremendous opportunity for growth in the market.
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Greg Osinoff, CEO and founder of Digital Mandate, said: This acquisition greatly benefits both RenewData and previous Digital Mandate clients, as it enables us to offer comprehensive solutions.
Vestigate has already enabled numerous clients to greatly reduce their review time and costs, and being part of RenewData will enable us to really drive this value proposition further into the market through a larger, scalable, and more integrated platform.
