Delhi: Legal GRC platform Exterro has acquired Zapproved, a provider of e-discovery software for an undisclosed sum.
Zaaproved’s acquisition further strengthens Exterro’s vision to empower customers to proactively and defensibly manage their legal governance, risk and compliance (GRC) obligations.
Legal GRC platform Exterro offers a comprehensive solution addressing all phases of the e-discovery and forensic investigative process. Converging market forces in privacy, digital forensics and incident response, including e-discovery have created a need for a comprehensive and unified solution.
A solution that can identify, understand and manage data in a contextual manner within a consistent, defensible process that meticulously ensures and maintains data integrity remains in high demand.
Modern enterprises must address critical business challenges within these disciplines as quickly and cost-effectively as possible, which is one of the driving forces behind Exterro’s acquisition of Zapproved.
“I have known Monica Enand, President and CEO of Zapproved, since the early days of both of our companies’ origins in Portland, Oregon. Since inception, we have shared a common vision for providing market-leading software and support for our clients and partners, and the combination of Exterro and Zapproved will continue that vision by delivering enhanced value to our constituents,” said Bobby Balachandran, CEO and President of Exterro.
“Zapproved’s mission has always been to make our customers ridiculously successful,” said Monica Enand, President and CEO of Zapproved.
“We are confident that combining Exterro’s innovation engine with Zapproved’s world-class customer experience brings the best of the industry together in one powerful and easy to use solution that comprehensively addresses the critical business challenges facing our customers today,” added Enand.
The global eDiscovery software market was valued to be $10.22 billion in 2021, and it is expected to reach $18.7 billion by 2028 at a CAGR of 8.5% over the forecast period (2022-2028), according to the latest report from SkyQuest Technology Group.