Peak Rock Capital has backed CloudNine, a legal discovery technology company with expertise in simplifying and automating the discovery of data for audits, investigations, and litigation.
The middle market private equity firm and CloudNine have also teamed up to simultaneously acquire LexisNexis‘ eDiscovery business, which includes the LAW PreDiscovery, Early Discovery Analyzer (EDA), and Concordance products as well as the development, sales, and services teams supporting them. With this acquisition, the company provides cloud-based and on-premise solutions to over 2,000 of the top legal and business customers in North America.
Brad Jenkins, CEO of CloudNine said: “CloudNine is excited to carry on the LexisNexis eDiscovery product suite and continue providing vital services to existing and new customers.
“As a user of many of the purchased product line offerings for more than a decade, we fully understand their utility and potential and look forward to integrating them into our broader product portfolio. This acquisition and investment by Peak Rock empower us to further invest in the cumulative product suite, delivering enhanced capabilities and services to our customers through a robust, automated eDiscovery product platform.”
Founded in 2002, and based in Houston, Texas, CloudNine’s flagship offering is a fully integrated cloud-based eDiscovery platform that helps users simplify litigation, investigations, and audits through the automation of data and legal discovery tasks including preservation and collection, legal hold notification, data ingestion, early data assessment, processing, review, and production. The company also offers a complete portfolio of eDiscovery professional services including computer forensics, managed services, managed review, and eDiscovery consulting.
Earlier this year, LexisNexis, a provider of legal, regulatory and business information, partnered with AML Accelerate to enable its customers to comply with AML/CFT compliance obligations. The deal came days after LexisNexis Risk Solutions closed the acquisition of ThreatMetrix, a Silicon Valley-based digital identity platform.
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