Reveal, a Chicago, IL-based provider of an AI-powered eDiscovery platform, acquired both Logikcull and IPRO, two other eDiscovery players.
Together, the three companies offer an eDiscovery platform that addresses matters of all sizes and for all legal teams, from solo legal practitioners to the largest enterprise. The transactions, valued at more than $1 billion, were funded by Reveal’s majority shareholder and software investment firm, K1 Investment Management.
The combination integrates Logikcull and IPRO’s capabilities with Reveal’s proven AI prowess to create a hub of eDiscovery tools for matters of any size and scope, from self-service offerings for smaller cases to enterprise-grade solutions for complex legal challenges.
Logikcull provides self-service functionality that enables users to handle simpler cases in-house, while Reveal’s scalable platform helps tackle the most complex litigation matters. The combined suite covers every stage of the eDiscovery process, from data collection and processing to review and analysis, so legal experts can increase efficiency, reduce costs, and focus on higher-value tasks that better serve their clients. The acquisition of IPRO enables Reveal to introduce its AI technology to a new client base across the globe.
The company will now have employees stationed in more than two dozen countries, serving a customer base of over 4,000 clients.
Led by Wendell Jisa, Founder & CEO, Reveal provides document review technology, underpinned by processing, visual analytics, and artificial intelligence, all seamlessly integrated into a single platform for eDiscovery and investigations. The software combines technology and human guidance to transform structured and unstructured data into actionable insight. Am Law 100 firms, Fortune 500 corporations, legal service providers, government agencies and financial institutions in more than 20 countries across five continents work collaboratively with Reveal to uncover insights and solve complex legal challenges with advanced AI.
FinSMEs
29/08/2023