LexisNexis Legal & Professional, a leading global provider of information and analytics, and CloudNine, a leader in simplifying and automating legal discovery, today announced the sale of the LexisNexis eDiscovery product suite to CloudNine. Simultaneously, CloudNine announced a significant investment from an affiliate of Peak Rock Capital. The sale includes the LAW PreDiscovery, Early Discovery Analyzer (EDA) and Concordance products.
“CloudNine is excited to carry on the LexisNexis eDiscovery product suite and continue providing vital services to existing and new customers. 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,” shared Brad Jenkins, CEO of CloudNine. “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.”
“In CloudNine we have found a trusted partner who will drive technology advancements in this eDiscovery suite, while delivering the highest levels of service and support to our customers,” shared Alex Watson, Chief Operating Officer at LexisNexis Legal & Professional. “CloudNine is committed to investing in customer-driven innovation that will deliver next-generation eDiscovery solutions to the market. At LexisNexis, we’re focused on supporting the data-driven lawyer of the future. We’re creating leading-edge information and analytics solutions by harnessing our big data and artificial intelligence capabilities. Our goal is to help customers work more efficiently, make more informed decisions and drive success for their clients, practice and business.”
In conjunction with the product line purchase, an affiliate of Peak Rock Capital made a significant investment in CloudNine, underscoring its support of CloudNine and its vision for the future of these products.
“We are pleased to partner with CloudNine in their acquisition of the LexisNexis eDiscovery product suite,” noted Steve Martinez, President and Managing Director of Peak Rock Capital. “CloudNine is well-positioned to service the suite’s current customer base. The company now has substantial resources to further enhance these offerings and complete acquisitions of relevant businesses and products that would serve the combined customer base. We look forward to supporting Brad Jenkins and the CloudNine team as they continue their strong growth in simplifying and automating eDiscovery for their customers.”
Terms of the transactions were not disclosed.
About CloudNine, The eDiscovery Company
Founded in 2002, and based in Houston, Texas, CloudNine (eDiscovery.co) is a legal discovery technology company with expertise in simplifying and automating the discovery of data for audits, investigations, and litigation. Used by more than 2,000 legal and business customers worldwide including more than 50 of the top 250 Am Law firms and many of the world’s leading corporations, CloudNine's off-premise and on-premise software and services help customers gain insight and intelligence on electronic data.
CloudNine has been highlighted by industry experts in reports, reviews, and surveys including Gartner, 451 Research, Blue Hill Research, Corporate Counsel Magazine, the New York Journal, and Texas Lawyer. CloudNine also publishes the eDiscovery Daily Blog, a popular trusted source for legal industry information.
About Peak Rock Capital
Peak Rock Capital (peakrockcapital.com) is a leading middle-market private equity firm that makes equity and debt investments in companies in North America and Europe. Peak Rock focuses on investing in opportunities where it can support senior management in driving rapid growth and performance through operational and strategic support.
About LexisNexis Legal & Professional
LexisNexis Legal & Professional is a leading global provider of legal, regulatory and business information and analytics that help professional customers make more informed decisions, increase productivity and serve their clients better. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. LexisNexis Legal & Professional, which serves customers in more than 130 countries with 10,000 employees worldwide, is part of RELX Group, a global provider of information and analytics for professional and business customers across industries.