QDiscovery Secures Funding from Bridge Investments, Starboard Capital Partners

USA/Canada News

30
Jun
2015

Editor

Investment to Support Company’s Accelerated Growth and Expansion

QDiscovery LLC, a premier provider of electronic discovery, forensic technology and litigation support services, announced today that it has secured a growth equity investment from Bridge Investments, a private equity and venture capital firm based in Chicago, along with Starboard Capital Partners, a private equity firm based in Connecticut.

This growth capital will enable the company to further augment its technology and service offerings and continue building upon its team of experienced industry professionals as it broadens its global support for its client base and accelerates its expansion both geographically and operationally.

QDiscovery’s clientele includes law firms, corporations, and government enterprises. The company combines an experienced team of professionals with a highly‐scalable technology on a hosted platform. This allows it to provide services across the entire EDRM spectrum, including collection and preservation of data, processing and analysis, hosting, document review, and production of electronically stored information on any operating system or device. QDiscovery’s growth has averaged nearly 40% over the last two years and the company was recently awarded #1 as the 2015 “Best Places to Work in Connecticut.”

“QDiscovery has thrived because we are nimble and can provide our clients with flexible and transparent solutions tailored to their needs and budget,” stated CEO Matt McCormack. “In addition, our terrific team of knowledgeable and responsive professionals, many of whom were formerly in litigation support roles at major law firms, is dedicated to helping our clients manage very complex projects. We are excited to partner with Bridge and Starboard and to leverage their experience growing technology-enabled businesses as we continue building this company.”  

“QDiscovery has a very impressive management team with deep industry experience, a well-defined growth strategy and a strong track record of providing superior customer service,” said Daniel Goldberg, a Principal of Bridge Investments. “Advancements in eDiscovery technology along with the proliferation of data continue to make the electronic discovery process more and more imperative for law firms and corporations. We look forward to supporting the company’s further development of its service offerings and expansion into other major geographical markets such as Chicago, while maintaining the same distinctive level of service that customers have come to expect.”

“QDiscovery’s unique knowledge of eDiscovery technology and process, along with its ability to provide flexible and cost-effective solutions to its clients, really stood out among other eDiscovery firms. We are excited to work with the company’s excellent team to continue building upon a strong foundation,” said Jeff Kindler, a Starboard Managing Director, and former General Counsel of Pfizer and McDonald’s.