Exterro, a prominent supplier of Legal Governance, Compliance, and Risk (GRC) software has acquired Zapproved, a company well-known for its e-discovery software and is renowned for its excellent client results. The newest development in Exterro’s mission to enable clients to proactively manage their legal governance, risk, and compliance duties is the purchase of Zapproved by Exterro. It also marks a new strategic turning point for Exterro’s collaboration with Leeds Equity Partners, which first acquired the company in 2018 and finished a recapitalization last year.
Exterro gives legal teams the tools they need to proactively and legally manage their Legal Governance, Risk, and Compliance (Legal GRC) needs. The only comprehensive framework that automates the intricate relationships between privacy, legal operations, cybersecurity response, digital investigations, compliance, and information governance is our Legal GRC software. Our complete Legal GRC platform is trusted by thousands of legal teams in corporations, managed services providers, law firms, and governmental and law enforcement organizations to monitor their risks and provide successful results more affordably.
After the takeover of Zapproved is finalized, Vista Equity Partners (“Vista”) will continue to hold a tiny ownership share in the new business. The transaction’s financial details weren’t made public. Exterro provides a service that handles every stage of the forensic investigation and e-discovery process on a single, integrated platform.
“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,” Bobby Balachandran, CEO and President of Exterro said, reminiscing about their past and looking forward to this partnership.
Converging market dynamics in e-discovery, digital forensics, and privacy have raised the demand for a comprehensive, integrated solution that can recognize, comprehend, and manage data contextually within a consistent, defendable procedure that rigorously ensures and preserves data integrity. One of the factors for Exterro’s acquisition of Zapproved was the need for modern businesses to respond to important business concerns within various disciplines as fast and affordably as possible.
Zapproved, a company established in 2008, creates user-friendly e-Discovery software to assist business legal teams in saving time, money, and risk in a legally sound manner. Zapproved has an uncompromising dedication to keeping its corporate customers incredibly successful, backed by unmatched security and customer service.
“Zapproved’s mission has always been to make our customers ridiculously successful,” commented 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,” Enand added.