LDiscovery to acquire Kroll Ontrack for $410 million
LDiscovery, a McLean-based legal and technology services provider, has reached an agreement to acquire Kroll Ontrack in a cash transaction worth $410 million.
LDiscovery is a portfolio company of The Carlyle Group and Revolution Growth. Kroll Ontrack, which is part of Corporate Risk Holdings LLC, is a technology services provider focused on helping clients manage, analyze and present data.
Serving 12,000 clients worldwide, including some of the world’s largest financial institutions, Fortune 1000 companies and Am Law 100 firms, the combined organization will have offices in 19 countries with approximately 1,300 employees worldwide.
“With this combination, LDiscovery customers will have access to Kroll Ontrack’s global footprint, proprietary review platform and the world’s best data recovery services, while Kroll Ontrack customers will leverage LDiscovery’s proprietary suite of eDiscovery technology…,” Chris Weiler, Chief Executive Officer of LDiscovery, said in a statement. Weiler will become CEO of the combined organization.
Mark Williams, currently CEO of Kroll Ontrack, will become president and chief operating officer of the company.
The transaction, which is subject to customary closing conditions, is expected to close before the end of the year.