HaystackID Highlighted in Legaltech® News During Legalweek 2020
Extracts from two Legaltech News articles highlighting HaystackID and published in conjunction with the annual Legalweek event in New York City during the first week of February 2020.
1. HaystackID Announces New Funding Partner, Quad-C Management
Extract from an article by Zach Warren, Editor-in-Chief, Legaltech News
The recapitalization deal, for which the amount was not disclosed, brings a private equity firm that was an early investor in DTI back into the e-discovery market.
HaystackID has seen both organic and inorganic growth in the past several years, as it has acquired companies such as eTERA Consulting, Inspired Review and Envision Discovery. Now, as the company looks to take the next leap forward in its evolution, it has brought on a new funding partner.
The e-discovery company announced today that it has completed a strategic recapitalization with private equity firm Quad-C Management. Financial details of the deal were not announced. Through this recapitalization, HaystackID brings in more funding beyond what it brought in with a similar deal with Knox Capital and others in 2017.
The company does not expect any major changes following the recapitalization, either to its employee base or to customers. What they do expect, though, is further growth, particularly in the left-side of the EDRM with cybersecurity and information governance. Brooks also pointed to growing the company’s international base as a goal, since “as you move into the corporate side of the business and get direct relationships with these corporations, many of them are multinational in scope and scale.”
Read the complete article on Legaltech News
2. Tech Announcements We Are Watching at Legalweek 2020
Extract from an article by Zach Warren, Editor-in-Chief, Legaltech News
A rundown of a few of the bigger legal technology announcements already public before the exhibit hall opens tomorrow.
HaystackID: HaystackID has announced the introduction of its Cybersecurity Consulting Practice under the leadership of data security and digital forensics expert John Wilson, available immediately for engagement. The cybersecurity services are focused on three core functional areas: cyber risk (vulnerabilities, exposure, and testing); information governance (compliance, privacy, and protection); and managed security (intelligence, migration, and remote. This follows the company’s recapitalization, announced earlier today.