Yes, there’s further consolidation in the eDiscovery space and this time it’s a $75m acquisition by OpenText of Catalyst Repository Systems.
Catalyst will be integrated into OpenText’s Discovery Solutions, helping customers further leverage their technology investments and benefit from OpenText’s continued investments in innovation.
The eDiscovery market has long been shrinking in terms of numbers of vendors as companies respond to client demand for a one-stop-shop global service. Others that have made acquisitions include Consilio, which in October acquired DiscoverReady.
“The joint strength of OpenText and Catalyst confirms our position as a leading provider of eDiscovery technology and combines a powerful set of solutions to help corporate legal departments and law firms seize the opportunities of automation, digital transformation, AI and machine learning,” said Mark J. Barrenechea, OpenText CEO & CTO. “The legal industry is at an important crossroads and OpenText is a strategic choice for legal industry leaders, ensuring they can continue to offer compelling service, help their organizations navigate uncertain regulatory environments, and secure successful outcomes for their clients.”