M&A Deal Summary

Relativity Acquires Heretik

On August 29, 2022, Relativity acquired internet software and services company Heretik

Acquisition Highlights
  • This is Relativity’s 1st transaction in the Internet Software and Services sector.
  • This is Relativity’s 3rd transaction in the United States.
  • This is Relativity’s 1st transaction in Illinois.

M&A Deal Summary

Date 2022-08-29
Target Heretik
Sector Internet Software and Services
Buyer(s) Relativity
Deal Type Add-on Acquisition

Target

Heretik

Chicago, Illinois, United States
Heretik is a contract review company that combines machine learning technology and advanced analysis to help organizations gain immediate insight into contract data. Heretik is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Relativity

Chicago, Illinois, United States

Category Company
Sector Software
DESCRIPTION

Relativity is a developer of software to manage large volumes of data and quickly identify key issues during litigation, internal investigations, and compliance operations with SaaS platform RelativityOne and Relativity Trace. Relativity is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Text IQ

New York, New York, United States

Text IQ is a B2B technology company with a reimagined approach to using AI to manage and mitigate risks in enterprise data. Text IQ leverages the latest in unsupervised machine learning (ML), graphical modeling, social network analysis (SNA), natural language processing (NLP) and deep learning to create AI solutions for the world's largest enterprises to manage and mitigate risks in enterprise data. Text IQ was founded in 2014 and is based in New York City.

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