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*BREAKING NEWS* Consilio Acquires E-Discovery Solutions Provider DiscoverReady
Consilio has been an active player in the e-discovery M&A market over the past several years, with Advanced Discovery and Huron Legal among the deals the company has recently engaged. And today, Consilio announced what may be one of its largest deals yet: the acquisition of DiscoverReady.
The acquisition means that DiscoverReady, an e-discovery, document review, and compliance solutions provider will become a part of Consilio's expansive e-discovery portfolio. Consilio now boasts more than 70 offices, review centers and data centers around the world in 11 countries following the deal. The deal has officially closed, and the combined company will now have “an integration of several quarters” to align systems and processes, according to a press release announcing the acquisition. No financial details about the deal have been publicly announced.
Consilio CEO Andy Macdonald told Cybersecurity Law & Strategy's ALM sibling Legaltech News in an interview before the official announcement that DiscoverReady had been on his radar as a potential target for four years, since former owner Dolan Media went into bankruptcy in 2014. When the opportunity finally arose during this past summer, he said the acquisition moved quickly.
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