Last week, Consilio, a global leader in eDiscovery, document review, risk management and legal consulting, announced their plans to merge with Xact Data Discovery (XDD), a leading international provider of eDiscovery, data management and managed review service. With plans to operate as a global technology-enables service provider and eDiscovery leader. Further, Consilio/Xact will be sold to investment funds managed by private equity firm Stone Point Capital.
“This is a significant step for Consilio and XDD to bring together our respective strengths to deliver a more complete experience to the whole spectrum of client needs,” said Andy Macdonald, the Chief Executive Officer of Consilio who will continue as CEO of the combined company.
Robert Polus, the Founder and Chief Executive Officer at XDD, said, “We are pleased to join our services and offerings with those of Consilio. We have complementary global operations, a strong cultural fit, and a similar legacy of successful acquisitions and integrations. Both organizations have diverse strengths and fared well throughout the pandemic, leaving room for enhanced growth as a combined organization.” Mr. Polus will serve as the Corporate Development Officer of the combined company.
At Ruby Datum, we provide a fast, secure and easy to use Virtual Data Room which has historically been used for transactions needing secure collaboration and sharing abilities such as mergers and acquisitions. Nick Watson, our Founder and CEO, comments on the merger too, “This is a smart move for two e-Discovery heavyweights that complement each other’s services, allowing them to pull everything together under one roof and with a far greater global reach. 2021 is already showing us that this will be the year of some large deals, with a significant increase in M&A activity.”
Nick is correct, 2021 has already seen a great deal of M&A activity and this is set to continue as the world reopens. Contact Ruby Datum today for your merger or acquisition activity in 2021.
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