Wednesday, March 21, 2018

Advanced Discovery Merges With Consilio

Austin, Texas-based Advanced Discovery, a provider of e-discovery software and services, has merged with Washington, DC-based Consilio, the two said this morning. As part of the deal, they companies said they are in a new partnership with private equity investor GI Partners, which will take a majority position in the combined companies. Advanced Discovery said that its current investors, Shamrock Capital Advisors and Trivest Partners, will exit their respective positions. The two said that the combined company will have over 2,500 employees, 14 data centers and 23 document review facilities in 11 countries.