Recent Legal Technology & Legal Services M&A Activity
Chicago, IL — December 6, 2018 — Arbor Ridge Partners is pleased to announce that our client, Esquify, has been acquired by Xact Data Discovery, a leading international provider of eDiscovery, data management and managed review services for law firms and corporations. Esquify is the developer of award-winning AI-driven workforce management software for legal review that pairs machine learning technology with real-time analytics to revolutionize the management of review teams.
“We’re beyond excited to be bringing our AI innovations to XDD’s vast client base and launching our award-winning, 21st century technology to a wider audience,” said Drew Stern, Esquify CEO. “We valued the expertise that Arbor Ridge Partners brought in helping us identify a buyer who is a great fit for our technology and guiding us at every stage of the process. Their deep relationships and industry knowledge was invaluable.”
Bob Polus, XDD President and CEO states, “Esquify has done a terrific job of building and bringing technology solutions to the Managed Review space. Working in conjunction with Rick Weber from Arbor Ridge Partners to vet and broker the business opportunity, the addition of Esquify to the XDD portfolio further demonstrates our commitment to redefining our industry through unparalleled customer service, proven technology and innovative thought leadership.” Arbor Ridge Partners served as the exclusive financial advisor to Esquify and arranged this transaction.
“Esquify has developed an amazing legal software application, and XDD is a great fit,” said Rick Weber, Managing Partner of Arbor Ridge Partners. Clients of both Equify and XDD will benefit greatly from this combination.
About Arbor Ridge Partners, LLC.
Arbor Ridge Partners is a business broker and M&A advisory service provider that focuses on mergers and acquisitions for legal software, litigation support, computer forensics, and eDiscovery companies. With a unique blend of industry experience, legal backgrounds, and relationships, Arbor Ridge Partners helps maximize value in the purchase and sale of legal technology businesses. For additional information, please see www.arborridgepartners.com, email [email protected] or call 800-226-2760.
Based in Chicago and founded in 2014, VC-backed Esquify was born out of the belief that technology could revolutionize how attorneys practice law – particularly in eDiscovery. Esquify transforms and augments review teams’ capabilities with its AI-driven workforce management platform for review. Esquify’s patented machine learning technology powers up review team performance, facilitating a more secure, productive, and quality review. Esquify’s technology generates unprecedented client savings, team efficiencies and real-time analytics, giving clients both peace of mind and tangible results. As an award-winning legal tech ‘disruptor,’ Esquify has won over a dozen awards including the Chicago Innovation Awards 2018, the US LegalTech Venture Competition 2018, and the M&A Advisor: Product of the Year 2017. Esquify’s technology has been used by AM Law 100 firms, Fortune 100 companies and many major legal service providers to power their reviewer teams. Esquify is an LGBTQ founded business.
About Xact Data Discovery
Xact Data Discovery is a leading international provider of eDiscovery, data management and managed review services for law firms and corporations. XDD helps clients optimize their eDiscovery matters by orchestrating pristine communication between people, processes, technology and data. XDD services include forensics, eDiscovery processing, Relativity hosting and managed review. XDD has 16 offices throughout the United States and two locations in India. XDD offers exceptional customer service with a commitment to responsive, transparent and timely communication to ensure clients remain informed throughout the entire discovery life cycle.