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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.By Gabe Friedman
In the latest sign of consolidation in the e-Discovery space, the Carlyle Group and venture capital firm Revolution Growth on Wednesday announced the acquisition of a Virginia-based legal technology services company for an undisclosed price.
LDiscovery, based in McLean, Va., lists seven U.S. offices as well as one in London. It employs attorneys, developers and other support professionals who service corporate law departments, law firms, and the federal government with their e-Discovery needs.
The Washington Post described the acquisition as “a bet of roughly $150 million,” with Carlyle owning half of the firm and the remainder controlled by Revolution and LDiscovery management, although it did not provide a source for the information.
Read the complete article at The Latest Major e-Discovery Acquisition