Exterro, a leading provider of GRC software, has acquired Zapproved, a provider of e-discovery software known for its strong customer outcomes.
According to Exterro, this acquisition is the latest step in furthering Exterro’s vision to empower customers to proactively and defensibly manage their legal governance, risk and compliance obligations. Financial terms of the transaction were not disclosed.
Exterro offers a comprehensive solution on a single unified platform that addresses all phases of the e-discovery and forensic investigative process.
Converging market forces in privacy, digital forensics and incident response, including e-discovery have created a need for a comprehensive and unified solution that can identify, understand and manage data in a contextual manner within a consistent, defensible process that meticulously ensures and maintains data integrity.
Modern enterprises must address critical business challenges within these disciplines as quickly and cost effectively as possible, which is one of the driving forces behind Exterro’s acquisition of Zapproved.
Zapproved CEO and president Monica Enand said, ““Zapproved’s mission has always been to make our customers ridiculously successful. We are confident that combining Exterro’s innovation engine with Zapproved’s world-class customer experience brings the best of the industry together in one powerful and easy to use solution that comprehensively addresses the critical business challenges facing our customers today.”
Exterro CEO and president Bobby Balachandran added, “I have known Monica Enand, President and CEO of Zapproved, since the early days of both of our companies’ origins in Portland, Oregon. Since inception, we have shared a common vision for providing market-leading software and support for our clients and partners, and the combination of Exterro and Zapproved will continue that vision by delivering enhanced value to our constituents.”
Aikido Security, which prevents security issues before they become threats, has reportedly collected €2m in a pre-seed round.
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