IPRO scoops up ZyLAB to provide enhanced e-discovery capabilities
IPRO, a leader in predictive e-discovery and information governance software solutions, is acquiring ZyLAB, creators of the ZyLAB ONE and ZyLAB Legal Hold products, providing IPRO’s clients with extended capabilities in legal hold automation, advanced analytics, and cloud.
ZyLAB’s fully automated notifications and custodian acknowledgements mitigate against accidental data loss and evidence spoliation.
With this acquisition, IPRO now delivers early data assessment (EDA) with real-time, hold-in-place data preservation.
This simplifies legal and compliance processes, resulting in the seamless automation of organizational information governance, according to the vendor.
“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 provide uniquely innovative product capabilities AND expand our geographic footprint in Europe and the UK. With this acquisition, we are even better positioned to deliver 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.”
Integrating ZyLAB’s best-of-breed Legal Hold and analytics solutions directly within the IPRO governance and e-discovery platform will provide clients with a flexible, scalable, and powerful Electronic Discovery Reference Model (EDRM) workflow.
In Europe, ZyLAB will continue operations using the well-respected and recognized ZyLAB brand. As a Netherlands registered corporation, ZyLAB will continue to respect all EU’s rules regarding data jurisdiction and sovereignty, for on-premises software and cloud-based or hosted solutions.
ZyLAB key product development will remain based in The Netherlands, and all European sales and support operations will remain unchanged.
ParkerGale Capital, a Chicago-based investment firm that acquired IPRO in 2017, provided new capital to execute on the ZyLAB acquisition.
Marks Baughan served as exclusive financial advisor to ZyLAB and IPRO. DLA Piper served as legal advisor to ZyLAB, while Kirkland & Ellis and De Brauw served as legal advisors to IPRO.
This is IPRO’s third major investment in recent years. Its earlier acquisitions include NetGovern, an Information Governance solution, and inData, a trial and deposition management solution.
The result is an industry-leading solution for customers combining AI powered information governance, legal hold, and e-discovery solutions.
For more information about this news, visit www.ipro.com.