By Tim Rollins
Today, Exterro announced that it has acquired Zapproved, a provider of e-discovery software known for its strong customer outcomes. The acquisition of Zapproved is another step forward for Exterro and its signature technology, a holistic legal governance, risk, and compliance (LGRC) platform that empowers customers to proactively and defensibly manage their legal governance, risk and compliance obligations. Financial terms of the transaction were not disclosed. This is the third acquisition by Exterro in the LGRC space, following acquisitions of Jordan Lawrence in 2019 and Access Data in 2020.
Exterro’s platform extends beyond the capabilities of any other legal GRC solution, offering privacy compliance, e-discovery, and digital forensics technology in a unified software suite. Converging market forces in privacy, digital forensics and incident response, and e-discovery have created a need for a comprehensive and unified solution that can identify, understand and manage data in a contextual manner within a consistent, defensible process that meticulously ensures and maintains data integrity. Modern enterprises must address critical business challenges within these disciplines as quickly and cost effectively as possible, which is one of the driving forces behind Exterro’s acquisition of Zapproved.
“Zapproved’s mission has always been to make our customers ridiculously successful,” said Monica Enand, President and CEO, Zapproved. “We are confident that combining Exterro’s innovation engine with Zapproved’s world-class customer experience brings the best of the industry together in one powerful and easy to use solution that comprehensively addresses the critical business challenges facing our customers today.”
“I have known Monica Enand since the early days of both of our companies' origins in Portland, Oregon. Since inception, we have shared a common vision for providing market-leading software and support for our clients and partners, and the combination of Exterro and Zapproved will continue that vision by delivering enhanced value to the clients and partners of both organizations,” said Bobby Balachandran, CEO & President of Exterro.