Exterro, a global provider of e-discovery and information governance software specifically designed for corporate legal and IT teams, announced the acquisition of Jordan Lawrence Group, a leading provider of data privacy and data management software. For over 30 years, Jordan Lawrence has provided comprehensive privacy and information governance solutions to over 1,000 corporations to enable them to manage corporate data compliantly, defensibly and cost effectively. Terms of the transaction were not disclosed.
“The convergence of privacy, information governance and e-discovery provides an opportunity for organizations to more effectively manage the many new and evolving data privacy and security regulations, such as CCPA and GDPR, while also addressing e-discovery needs under the FRCP. The combination of Jordan Lawrence and Exterro will deliver the only integrated software platform that provides organizations with the ability to address all of these challenges simultaneously, resulting in higher productivity, lower costs and unprecedented risk mitigation,” said Bobby Balachandran, CEO at Exterro.
“Our joint clients will benefit from a software platform that unites data inventory, e-discovery, and information governance solutions in one place,” said Alice Lawrence, Principal at Jordan Lawrence. “By combining our respective strengths, we will provide a solution that enables clients to easily know and act upon their data inventory, practice defensible information governance processes, and perform end-to-end e-discovery activities.”
“As a key part of our investment strategy, we believed that Bobby and his team could leverage the strength of Exterro’s market position, technology platform and execution capabilities to accelerate the company’s significant organic growth with strategic acquisitions,” added Jacques Galante, Partner at Leeds Equity. “Jordan Lawrence represents a unique opportunity to combine deep domain expertise and software capabilities across data privacy and management with Exterro’s e-discovery and information governance software platform to uniquely deliver significant cost efficiencies, greater legal insights and overall risk management capabilities to corporations globally.”
“The combination of Jordan Lawrence and Exterro brings together two leading organizations to uniquely address the complex information governance needs of their clients, and we are thrilled to partner with Alice and the Jordan Lawrence team as we continue to serve the e-discovery and data privacy marketplace with our leading software offerings,” added Kevin Malone, Principal at Leeds Equity.
Morris Manning & Martin LLP and Reed Smith LLP served as legal counsel to Exterro. Marks Baughan Securities served as exclusive financial advisor to Jordan Lawrence Group.
For more information on this transaction, please contact:
Nick Baughan
610.616.3294
nbaughan@marbau.com
Chris Skoff
610.616.3297
cskoff@marbau.com
Braeden DeWan
610.365.7284
bdewan@marbau.com
About Marks Baughan Securities
Marks Baughan provides investment banking services to growth companies. Our clients are software, technology-enabled services and data-intensive companies seeking shareholder liquidity or growth capital. We work tirelessly alongside our clients and excel at defensible positioning and disciplined processes that maximize shareholder value. Our professionals come from senior positions at bulge-bracket firms, giving our clients access to the relationships and experience that come from our years of interaction with the top executives and investors in companies in our fields. Our clients receive top-flight advice throughout any advisory relationship, because our boutique approach allows our senior advisors to stay deeply involved with each client on a continuous basis. No handoffs to junior staff. No preferential client relationships. No conflicts of interest.
About Jordan Lawrence
Jordan Lawrence is a leading software and services company specializing in regulatory and legal compliance in the fields of data privacy, data minimization, and vendor process risk management. For more than 30 years, Jordan Lawrence has delivered software and services that have helped more than 1,000 clients meet international and domestic data privacy regulations pertaining to record retention, information management, data privacy and security. Its products include Data Inventory, Data Minimization (Data Retention and Disposal), Vendor Risk Profiling and Data Governance.
For additional information on Jordan Lawrence Group, see www.jordanlawrence.com.
About Exterro
Exterro®, Inc. is the leading provider of e-discovery and information governance software specifically designed for in-house legal, privacy and IT teams at Global 2000 and Am Law 200 organizations. Built on a simple concept of process optimization, Exterro helps organizations address their regulatory, compliance, and litigation risks more effectively and at lower costs.
For additional information on Exterro, see www.exterro.com.