Extract from Stephanie Wilkin’s article “Reveal Acquires Logikcull and IPRO to Create E-Discovery ‘Superpower'”
On Tuesday, e-discovery provider Reveal announced it has acquired both Logikcull and IPRO, two major providers in the e-discovery space. The transactions were funded by software investment firm K1 Investment Management, Reveal’s majority shareholder. With the completion of the IPRO and Logikcull acquisitions, K1’s total investment in Reveal now exceeds $1 billion. Other financial terms of the deal were not disclosed.
“My goal is to create a two-horse race in this industry,” Reveal founder and CEO Wendell Jisa told Legaltech News.
“I just find it to be a unique opportunity to take three organizations together—history, technology, international scale—and create a superpower in our space,” he added.
The combination of the three e-discovery entities enables Reveal’s AI-powered e-discovery platform to handle matters of all sizes from end to end, according to the press release. “By bringing together the strengths of all three companies, including Logikcull’s intuitive, easy-to-use functionality and IPRO’s global reach and information governance tools, Reveal is now able to serve the diverse needs of clients across the legal spectrum, from SMB to mid-market and enterprise,” Jisa said in the release.