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Legal Grc Platform Exterro, A Leeds Equity Portfolio Company, Announces Acquisition Of E-Discovery Provider Zapproved

PRIVATEJan 19, 2023

Acquiring Company

Exterro

Acquired Company

Zapproved

PortlandInformation TechnologySoftwareSaaSLegalLegal TechSoftwareLegal TechSaaS

Description

Exterro, a leading provider of Legal Governance, Risk, and Compliance (GRC) software, has acquired Zapproved, a provider of e-discovery software known for its strong customer outcomes. This acquisition is the latest step in furthering Exterro's vision to empower customers to proactively and defensibly manage their legal governance, risk and compliance obligations. It also represents another significant strategic milestone for Exterro in its partnership with Leeds Equity Partners, which originally acquired the business in 2018 and completed a recapitalization in 2022. Upon closing of the acquisition of Zapproved, Vista Equity Partners ("Vista") will maintain a minority stake in the combined company. Financial terms of the transaction were not disclosed.

Quick answer

Exterro is acquiring Zapproved, announced January 19, 2023. Exterro is based in Portland, Oregon, United States.

How much did Exterro pay for Zapproved?
The deal value was not disclosed.
What does Exterro do?
Exterro®, Inc. is the leading provider of e-discovery and information governance software specifically designed for in-house legal, privacy and IT teams at Global 2000 and Am Law 200 organizations.
Where are Exterro and Zapproved based?
Exterro is based in Portland, Oregon, United States.
Who are the decision-makers at Exterro?
Fundz holds 1 contact at Exterro. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Exterro

Location

Portland, Oregon, United States

About

Exterro®, Inc. is the leading provider of e-discovery and information governance software specifically designed for in-house legal, privacy and IT teams at Global 2000 and Am Law 200 organizations. Built on a simple concept of process optimization, Exterro helps organizations address their regulatory, compliance, and litigation risks more effectively and at lower costs. Exterro is the exclusive ACC Alliance partner for e-discovery software.

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Frequently asked

Who acquired Zapproved?

Zapproved was acquired by Exterro, based in Portland. The deal was reported on January 19, 2023. Exterro®, Inc. is the leading provider of e-discovery and information governance software specifically designed for in-house legal, privacy and IT teams at Global 2000 and Am Law 200 organizations. Exterro is privately held and operates in Information Technology.

When did Exterro acquire Zapproved?

Exterro's acquisition of Zapproved was reported on January 19, 2023. Exterro, a leading provider of Legal Governance, Risk, and Compliance (GRC) software, has acquired Zapproved, a provider of e-discovery software known for its strong customer outcomes. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Zapproved do?

Founded in 2008, Zapproved builds easy-to-use eDiscovery software designed to help corporate legal teams save time, lower costs, and defensibly reduce risk. It is privately held, operating in Software.

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