USA/Canada News
HaystackID, a specialized eDiscovery services firm that helps corporations and law firms find, listen, and learn from data when they face complex, data-intensive investigations and litigation, today announced it has acquired Inspired Review, an innovative managed review services company and Envision Discovery, a leading eDiscovery and managed services company.
The company also announced the formation of Haystack Holdings, a private-equity backed holding company, via a significant investment from management, Knox Capital, ORIX Mezzanine & Private Equity, and Maranon Capital, L.P.
With the acquisitions and investment, all three companies will become part of Haystack Holdings. HaystackID and Envision Discovery will fully integrate and operate as HaystackID. Inspired Review will continue to operate as a separate business unit and serve partners and customers under the Inspired Review brand.
The combination of HaystackID’s expertise in forensics and eDiscovery, Inspired Review’s innovation in managed and remote review, and Envision Discovery’s executional excellence in delivering eDiscovery managed services will allow the combined companies to streamline the delivery of critical services that help law firms and corporations achieve quality outcomes in investigations and litigation at a fair and predictable price.
“HaystackID under Kevin Glass’ leadership has quickly become a leading specialized eDiscovery services provider by focusing on delivering customized and expert services with a white-glove touch,” shared Haystack Holdings CEO, Hal Brooks, formerly CEO of Envision Discovery. “HaystackID has partnered with both Inspired Review and Envision Discovery for many years, and these acquisitions build on the success of those partnerships by deepening the combined company’s ability to serve customers with innovative services that quantifiably accelerate the achievement of positive outcomes. As our industry continues to place a premium on innovation and customer care, we are excited to be well-positioned to deliver on the promise of innovation with teams of experts providing every customer with the attention they deserve.”
With more than 25 years of combined experience serving law firms and legal departments, HaystackID, Inspired Review, and Envision Discovery have supported more than 500 of the world’s leading corporations and law firms, as well as numerous federal, state, and local government agencies. The notable growth of all three companies as highlighted by industry and business recognition and awards ranging from past inclusion in the Inc. 500 to regular ratings as top performers in ALM Best Of surveys, make the combined company an alternative legal services provider that is big enough to matter, but small enough to care.
HaystackID will operate from its infrastructure of worldwide offices and be headquartered in Boston. Inspired Review will maintain its headquarters in New York and deliver managed review and remote review services under the leadership of Inspired Review President, Michael Dalewitz. The core investigation and litigation workstreams supported by the combined companies include:
All companies will continue conducting business as usual with their customers and partners and under their current names until operational and branding integration plans have been completed, communicated to customers for feedback, and implemented.
In addition to the acquisitions, Knox Capital, supported by existing investor Maranon Capital, L.P., and new investor ORIX Mezzanine & Private Equity, made a significant investment in HaystackID, highlighting its continued support of HaystackID’s growth strategy to help customers worldwide better find, listen, and learn from data during investigations and litigation.
“We are pleased to be able to further support HaystackID in its growth as an alternative legal services provider,” highlighted Mike Bryant, Operating Advisor of Knox Capital. “I look forward to working with Kevin Glass, Founder of HaystackID, as he transitions to an active board role and we drive his vision of leading with technical prowess while maintaining the highest level of client service in the market. Knox will be supporting the Haystack and Inspired Review teams with continued investment in the talent and tools our clients demand in this dynamic market”.
Terms of the acquisition and investment transactions were not disclosed.
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