On Tuesday, e-discovery provider Reveal announced it has acquired both Logikcull and IPRO, two major providers in the e-discovery space. The transactions were funded by software investment firm K1 Investment Management, Reveal’s majority shareholder. With the completion of the IPRO and Logikcull acquisitions, K1’s total investment in Reveal now exceeds $1 billion. Other financial terms of the deal were not disclosed.
“My goal is to create a two-horse race in this industry,” Reveal founder and CEO Wendell Jisa told Legaltech News.