M&A Deal Summary

KLDiscovery Acquires Kroll Ontrack

On October 21, 2016, KLDiscovery acquired information technology company Kroll Ontrack for 410M USD

Acquisition Highlights
  • This is KLDiscovery’s 5th transaction in the Information Technology sector.
  • This is KLDiscovery’s largest (disclosed) transaction.
  • This is KLDiscovery’s 6th transaction in the United States.
  • This is KLDiscovery’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2016-10-21
Target Kroll Ontrack
Sector Information Technology
Buyer(s) KLDiscovery
Deal Type Add-on Acquisition
Deal Value 410M USD
Advisor(s) Houlihan Lokey
Evercore Group (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Kroll Ontrack

Eden Prairie, Minnesota, United States
website
Kroll Ontrack LLC is a provider of technology-driven services and solutions to help clients manage, recover, search, analyze, produce and present data efficiently and cost-effectively.

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Buyer(S) 1

Buyer

KLDiscovery

Eden Prairie, Minnesota, United States

website

Category Company
Founded 1985
Sector Software
Employees1,163
Revenue 346M USD (2023)
DESCRIPTION

KLDiscovery is a provider of tech-enabled information discovery and governance solutions. The Company’s solutions help clients to optimize outcomes in corporate litigation and regulatory investigations and to meet compliance requirements. KLDiscovery offers a comprehensive suite of E-Discovery services, which are powered by the Company’s proprietary technology. In addition, KLDiscovery offers select, complementary information governance solutions which allow clients to manage data in one comprehensive, unified solution. KLDiscovery was founded in 1985 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 6 of 10
Sector (Information Technology) 5 of 7
Type (Add-on Acquisition) 6 of 10
State (Minnesota) 1 of 1
Country (United States) 6 of 9
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 Elite Document Solutions

Fairfax, Virginia, United States

Elite Document Solutions LLC is a full service litigation support company providing reprographics and eDiscovery services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 Strategic Legal Solutions

New York, New York, United States

Strategic Legal Solutions (SLS) offers innovative and cutting-edge solutions to meet the evolving and expanding eDiscovery and review the challenges of clients. Strategic offers fully integrated end-to-end solutions addressing a full range of related legal matters, including complex litigation, government and internal investigations, and third-party document requests.

Buy -
Mergr

Product

Company

Legal