eDiscovery Data Points from ComplexDiscovery

According to a recent update from the Institute for the Study of War (ISW), Russian forces are reportedly beginning to reinforce their positions in occupied Luhansk, Donetsk, and eastern Zaporizhia oblasts with personnel from Kherson Oblast and mobilized servicemen.

The post Digging Out and Digging In? Ukraine Conflict Assessments in Maps (November 14-20, 2022) appeared first on ComplexDiscovery.

From retraction to resurgence and acceleration, the worldwide market for eDiscovery software and services is estimated to grow from $14.05B in 2022 to $22.31B in 2027 with a compound annual growth rate (CAGR) of 9.69% according to ComplexDiscovery's annual market size mashup. This growth is spearheaded by eDiscovery software spending, which is estimated to grow at a CAGR of 12.72% to $8.70B in 2027. Making up the majority of the market spending in dollars, eDiscovery services spending is expected to grow at a CAGR of 7.98% to $13.61B in 2027.

The post An eDiscovery Market Size Mashup: 2022-2027 Worldwide Software and Services Overview appeared first on ComplexDiscovery.

“We are pleased to report a solid third quarter, delivering strong ARR growth as we continue to execute on our full-year targets set forth last quarter. The demand we are seeing in the market demonstrates that our innovative solutions are highly relevant as public safety organizations and private enterprises recognize the need to modernize their investigative workflow in the face of the ever-growing digital sophistication of crimes and evidence. We are particularly proud of our best-in-class retention rates which prove that our go-to-market strategy is bearing fruit,” said Yossi Carmil, Cellebrite’s CEO.

The post Progress and Opportunity? Cellebrite Announces Third Quarter 2022 Results appeared first on ComplexDiscovery.

"Relativity is a rare company with both exceptional industry leadership and significant opportunities ahead," said Phil Saunders. "RelativityOne is already the market leader in its category with so much potential to continue to innovate in e-discovery, digital investigations, and beyond. I'm excited to work with Relativity's employees and its ecosystem to deliver compelling technology solutions for the legal and compliance sectors."

The post Changing of the Guard? Relativity Welcomes New CEO appeared first on ComplexDiscovery.

"The legal industry remains in the early stages of digital and operational transformation," said Renovus founding partner Jesse Serventi. "As we scanned the legal marketplace as part of our investments in LAC Group and Wilson Allen, HBR routinely came up as a firm at the cutting-edge of this movement." Lee Minkoff, principal of Renovus, added, "HBR's market-leading position is a result of its focus on building a top tier team, and we're excited to partner with HBR leadership to further strengthen the company as the leading diversified legal services provider."

The post Fueling Continued Growth? Renovus Capital Acquires Advisory Business from HBR Consulting appeared first on ComplexDiscovery.

Today CompexDiscovery shares the results of a new business survey focused on understanding the total cost of ownership (TCO) of in-house managed eDiscovery. The new survey may benefit cybersecurity, information governance, and legal discovery professionals seeking to better understand the TCO of in-house eDiscovery. During this initial survey, 62% of eDiscovery Total Cost of Ownership survey respondents (n=50) shared that between 76% and 100% of their eDiscovery business is managed in-house.

The post In The House? The Fall 2022 eDiscovery Total Cost of Ownership Survey – Final Results appeared first on ComplexDiscovery.

According to a recent update from the Institute for the Study of War (ISW), Ukrainians and the West must bend every effort toward enabling the liberation of Crimea and other Ukrainian lands as rapidly as possible before worrying about what lies beyond them. Momentum is an important factor in war. Ukraine has it now. Kyiv and its partners must make the most of it.

The post A Liberating Momentum? Ukraine Conflict Assessments in Maps (November 7-13, 2022) appeared first on ComplexDiscovery.

According to the annual report, Annualised Contract Value (ACV) has become an increasingly useful management metric over the course of 2022, as it gives an indication of the annualised “run rate” of Nuix’s contract value at a given point in time. ACV reported for FY2022 was $162.0M, down 2.3% from FY 2021.

The post Analyzing Investigations? The 2022 Nuix Annual Report appeared first on ComplexDiscovery.

According to Christopher Weiler, CEO of KLDiscovery Inc, "In spite of the macroeconomic headwinds from a declining global economy in the third quarter of 2022, we continue to make tremendous progress in implementing strategic initiatives that we believe are strengthening the Company. We remain laser-focused on the things we can control during these difficult economic times."

The post Driving Operational Efficiencies? KLDiscovery Inc. Announces Third Quarter 2022 Financial Results appeared first on ComplexDiscovery.

According to Kiwi Camara, Co-Founder and CEO of DISCO, “This quarter, we saw an increase in the number of customers utilizing our solution as our customer count grew to 1,318, an increase of 26% year over year. Additionally, our increased focus on operational efficiency has resulted in a substantial beat of the EBITDA guidance we provided last quarter.”

The post Beyond Operational Efficiency? DISCO Announces Third Quarter 2022 Financial Results appeared first on ComplexDiscovery.