Seems like GRC companies are still only recovering from LegalTech NY this week, as it’s been relatively quiet. That said, SAI has finalized the Compliance 360 deal, Ricoh is expanding its e-Discovery reach again, Congress is taking on spyware and Guidance has bought CaseCentral.
SAI Seals Compliance 360 Deal
We reported this a couple of weeks ago, but to nail it completely, SAI Global has announced that it has completed its acquisition of GRC vendor Compliance 360.
Following the deal, SAI Global will support and extend the Compliance 360 SaaS platform, integrate it with SAI Global's learning platform and support a configurable compliance solution that will be available globally.
SAI Global will continue to support Compliance 360 clients, while Steve McGraw, Compliance 360 President, will report to SAI’s Andy Wyszkowski.
Guidance Buys CaseCentral
Meanwhile, Guidance has announced that it is buying CaseCentral, bringing together two of the bigger players in both on-premise and Cloud-based e-Discovery software. The combined organization will be the largest pure-play e-Discovery software company, with nearly 500 employees, and thousands of users, Guidance says.
The combined offering will deploy the respective products according to the strengths of the two companies.
EnCase e-Discovery will deliver legal hold, identification, collection, preservation and processing functions on-premise, at the customer site — close to the sources of data and the data custodians —while CaseCentral will deliver the ECA, review and production functions as SaaS in the Cloud.
The result is that geographically dispersed inside and outside counsel can efficiently review collected documents without needing any special equipment or software other than a web browser and Internet connectivity.
Under the terms of the agreement, Guidance Software will acquire CaseCentral for upfront consideration of approximately US$ 17.1 million. Depending on CaseCentral's SaaS revenue growth, Guidance Software may pay up to an additional US$ 33 million in cash over the next three years.
Ricoh Expands e-Discovery
Ricoh has also become active in the e-Discovery space recently. This week, just at the end of LegalTech NY, it announced it was expanding its e-Discovery capabilities for corporate counsel and supporting law firms.
Through a new agreement with Digital Reef, Ricoh clients will be offered improvements in high-capacity processing performance and new ECA tools that feature a portal where clients can increase review efficiency by reducing the number of relevant documents prior to conducting a costly linear review.
Through a second new investment with kCura, clients gain access to Relativity, the Web-based e-Discovery platform for review, analysis and production. Relativity's advantages include its scalability, flexibility and ease of use.
Users can create and automate custom review workflows, make use of a set of text analytics capabilities including computer-assisted review and can build applications within the software to manage and search case-related data and information.
The new ECA and e-Discovery applications, hosted in Ricoh's data center, expand Ricoh's e-Discovery portfolio, providing new options for the largest organizations and highest case volumes.
This comes only a week after Ricoh announced that it is looking to extend its reach in the e-Discovery market with the announcement that it has signed a definitive agreement to acquire HSSK Forensics. Where is it all going? Watch and see.
Congress Takes on Spyware
Finally this week, if you missed it, mobile privacy and the controversy around it doesn’t look like it’s going to go away.
The fuss surrounding Carrier IQ broke in November when one researcher went on a tirade letting everyone in the world know they were being watched. Because people get into enough trouble on their own with smartphones, the possibility of secret spies tracking text messages and emails not only felt very Big Brother, but also posed greater threat for exposure.
CMSWire’s Courtney Garcia reports that, while the company denied a majority of claims, it got hit with several major lawsuits, and, in a new bill announced this week deemed the Mobile Device Privacy Act, the government has taken further action.