Acquisition Accelerates Company Managed Services Growth with Addition of Subscription and Contracted eDiscovery Expertise, Relationships, and Infrastructure
WASHINGTON, D.C. – January 17, 2019 – HaystackID, a specialized eDiscovery services firm that helps corporations and law firms find, listen, and learn from data when facing complex, data-intensive investigations and litigation, today announced it has acquired eTERA Consulting, a leading eDiscovery managed services company. The senior leadership teams of both organizations have reinvested in the combined business alongside additional investment from Knox Capital, ORIX Mezzanine & Private Equity, Maranon Capital, L.P., and Baird Principal Group. With the acquisition, eTERA will fully integrate and operate as HaystackID.
Hal Brooks, CEO of HaystackID, shared, “I am incredibly excited to have eTERA join the HaystackID family as we continue to increase our ability to help customers solve their complex discovery challenges. eTERA brings proven expertise delivering managed eDiscovery services to corporate legal departments and governmental agencies throughout the world. Their addition will immediately enhance our Forensics First, Early Case Insight, and ReviewRight portfolio of services and help optimize the delivery of those services for long-term, subscription and contracted engagements. I look forward to working with Scott Holec and his team as he transitions into the Chief Operating Officer role at HaystackID and drives our collective vision of developing and delivering the highest level of client services in the market.”
Scott Holec, Founder and President of eTERA, added, “HaystackID’s data expertise, informed by their sterling reputation for forensics, discovery and innovative managed review powered by ReviewRight, is highly complementary to our service portfolio and immediately additive to our ability to serve our global customer base. More importantly, both companies have an unwavering client service focus which promotes the right cultural fit across our respective employee and customer bases.”
Mike Bryant, Operating Advisor at Knox Capital and Chairman of HaystackID Holdings commented, “The acquisition combines the business models and expertise of two leading eDiscovery providers to help our growing customer base of leading corporations, law firms, and data-dependent government agencies solve difficult data and legal discovery challenges. 2018 was a record year of growth for both companies and the acquisition will advance HaystackID’s capability to streamline the delivery of critical services that help customers achieve quality outcomes in investigations and litigation at a fair and predictable price.”
The acquisition, representing the continued expansion of HaystackID through investment and rapid organic growth, follows the successful acquisition and integration of Inspired Review and Envision Discovery in 2018. With the acquisition, HaystackID will now include the eTERA senior management team as well as all eTERA employees in the combined organization.