IPRO Acquires Amsterdam-Based ZyLAB, Industry’s Most Advanced eDiscovery and Forensic SaaS Provider
Combined company to deliver an AI-powered, real-time electronic discovery and information governance platform.
– Dean Brown, CEO, IPRO
TEMPE, ARIZONA, UNITED STATES, July 7, 2021 /EINPresswire.com/ – Combined company to provide a real-time, AI-powered electronic discovery and information governance platform.
IPRO, the market leader in predictive eDiscovery and information governance software solutions for businesses, government agencies and legal partners, is proud to announce the acquisition of ZyLAB, creators of the ZyLAB ONE and ZyLAB Legal products Hold. The combination provides IPRO clients with extensive capabilities in forensic retention automation, advanced analytics and cloud capabilities.
ZyLAB’s fully automated notifications and acknowledgments limit accidental data loss and evidence theft. With this acquisition, IPRO now offers Early Data Assessment (EDA) with real-time data retention in place. This simplifies legal and compliance processes, resulting in seamless automation of organizational information governance.
“This is a truly exciting next step for IPRO and our customers,” said Dean Brown, CEO of IPRO. “Joining forces with the incredible team of people at ZyLAB enables us to deliver unique and innovative product capabilities AND expand our geographic footprint in Europe and the UK. With this acquisition, we are even better positioned to provide upstream solutions to help our clients and partners manage the risks and costs associated with the continued growth of their unstructured data and legal discovery costs.
According to 2021 Market Guide for eDiscovery Solutions, Gartner found that “Organizations are using eDiscovery software and service vendor offerings that ‘stretch to the left’ in the eDiscovery benchmark model to establish proactive information governance. Integrating ZyLAB’s best legal custody and analytics solutions directly into the IPRO Governance and eDiscovery platform will provide clients with the fastest eDiscovery Reference Model (EDRM) workflow. flexible, scalable and powerful in the legal sector.
“Founded in 1983, ZyLAB’s software has been tested in some of the largest corporate fraud and government investigations and has been deployed in historic international war crimes tribunals. ZyLAB has worked on large-scale data science in eDiscovery, in particular with contributions from Professor Johannes (Jan) Scholtes, who has been involved with the business since 1988, ”said Dennis van der Veeke, CEO of ZyLAB . “We chose IPRO, after reviewing all the major players in the market, because of its commitment to innovation, safety and customer success. ”
In Europe, ZyLAB will continue to operate using the well respected and recognized brand ZyLAB. As a company registered in the Netherlands, ZyLAB will continue to adhere to all EU rules regarding jurisdiction and data sovereignty, for on-premises software and cloud-based or hosted solutions. ZyLAB’s key product development will remain based in the Netherlands, and all sales and support operations in Europe will remain unchanged.
ParkerGale Capital, a Chicago-based investment firm that acquired IPRO in 2017, provided new capital to execute the ZyLAB acquisition. Marks Baughan has been the exclusive financial advisor to ZyLAB and IPRO. DLA Piper served as legal counsel to ZyLAB, while Kirkland & Ellis and De Brauw served as legal counsel to IPRO.
This is IPRO’s third major investment in recent years. Its past acquisitions include NetGovern, an information governance solution, and inData, a test and deposit management solution. The result is a cutting-edge solution for customers combining AI-powered information governance, forensic retention and eDiscovery solutions.
About IPRO – www.ipro.com
IPRO is reinventing the way organizations interact with their data. By transforming EDRM and thinking ‘up front’, we bring insight much earlier in the eDiscovery process, allowing teams inside and outside your organization to collaborate seamlessly at all times, even before the data hits. are not collected. By thinking and interacting with your data differently, you’ll eliminate waste and reduce risk. We combine the best governance and eDiscovery software with predictive analytics to provide businesses, government agencies, law firms and legal partners with the most open and efficient solution to data challenges. We bring this power to you with an obsession with time-to-value and your success.
About ZyLAB – www.zylab.com
ZyLAB ONE eDiscovery uses artificial intelligence and data science tools to facilitate fact-finding missions through large or small electronic datasets related to critical projects of government agencies, law firms and companies. businesses of all sizes. Recognized as a “Leader” in the latest Gartner Magic Quadrant for eDiscovery software, it is also ranked # 1 for Full EDRM eDiscovery. ZyLAB ONE eDiscovery is deployed internally on premise or in the cloud (Azure, AWS, private cloud) and also available in a Software-as-a-Services model.
About ParkerGale – www.parkergale.com
ParkerGale Capital is a Chicago-based private equity firm that invests in technology companies owned by founders and excluded companies where the operating resources of the company can have a significant impact on the bottom line. ParkerGale also hosts the Private Equity FunCast available on iTunes, Google Play and wherever you get your podcasts.
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Gartner, Market Guide for E-Discovery Solutions, Michael Hoeck, April 7, 2021
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