Legal and business Software-as-a-Service (SaaS) provider
CloudNine has acquired legal research company LexisNexis Legal and Professional’s (LexisNexis) eDiscovery product suite. CloudNine, which has headquarters in Houston, Texas, United States, was established in 2002. The company is a “legal discovery technology company” and produces on- and off-premise SaaS-based software solutions and services that simplify and automate the acquisition of data for audits, investigations and litigation. Its services are used by legal entities and businesses globally, and these include “50 of the top 250 Am Law firms and many of the world’s leading corporations.” Its acquisition of LexisNexis’ solutions will allow the company to deliver enhanced capabilities and services to its customers.
Based in New York, United States, LexisNexis provides “legal, regulatory and business information and analytics that help professional customers make more informed decisions”. The company is recognized as being the first to provide legal and business information online. It uses “leading-edge technology and world-class content” to enable its customers to work in “faster, easier and more effective ways”. Part of RELX Group, it has customers in more than 130 countries and 10,000 employees globally. The acquisition includes LexisNexis’ LAW PreDiscovery, Early Discovery Analyzer (EDA) and Concordance products. Financial aspects of the deal have not been announced.
“CloudNine is excited to carry on the LexisNexis eDiscovery product suite and continue providing vital services to existing and new customers,” explained CloudNine’s CEO, Brad Jenkins. “This acquisition allows us to invest in the product suite, delivering enhanced capabilities and services to our customers through a robust, automated eDiscovery product platform. The ability to offer a hybrid of both on-premise and off-premise software coupled with our automated software allows us to support customer needs regardless of their eDiscovery task, security, and cost requirements. As a user of many of the purchased product line offerings for more than a decade, we understand their utility and potential. CloudNine plans to continue the support and development for these offerings and we look forward to integrating them into our product portfolio.”
The news comes alongside an announcement that CloudNine will receive a “significant investment from an affiliate of Peak Rock Capital” – a leading middle-market private equity firm with headquarters in Austin, Texas, United States. The investment will allow the company to further develop its newly acquired eDiscovery product suite.
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