One of the few remaining privately funded companies in the e-discovery space is welcoming in its first institutional investor. On May 23, Portland, Ore.-based Exterro announced a strategic investment from New York City-based private equity firm Leeds Equity Partners, in what Exterro CEO and president Bobby Balachandran told Legaltech News was a “nine figure deal.”
Exterro is known primarily for Orchestrated E-discovery platform, which includes software for e-discovery, information governance and project management. Originally focusing on corporate legal departments, the company has been recently increasing its presence in the law firm space.
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