Exterro

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Exterro, Inc. is a privately-held legal technology solutions company based in Beaverton, Oregon.[1] It provides e-discovery and information governance software with the goal of reducing client costs in the compliance and litigation spaces. As of January 2021, Exterro has received more than US$100 million in investments, primarily from Leeds Equity Partners in May 2018.[2]

Services[edit]

Exterro provides services in the e-discovery, privacy, and risk management spaces.[3]

E-discovery services include Legal Hold, Legal Project Management, and Early Case Assessment Processing.[4] Privacy offerings include Data Inventory, Data Subject Access Request, Vendor Risk Profiling, and Consent Management. Risk Management technologies include Data Source Discovery, Incident and Breach Management, and Employee Change Monitor.[5][6]

Combined, these offerings comprise a unified legal governance, risk management, and compliance software platform.[7][8]

History[edit]

Exterro was founded in 2004 by Bobby Balachandran.[9] He previously served as a consultant for financial institutions and founded Exterro as an e-discovery solutions provider, providing electronic solutions relevant to the discovery process in lawsuits.[10] Balachandran is of Indian origin and studied at Oregon State University.[11]

In May 2018, Exterro received an investment of more than US$100 million from Leeds Equity Partners, a New York private equity firm, at an undisclosed valuation.[12]

In December 2020, Exterro acquired AccessData, an e-discovery and digital forensics solutions company based in Utah, in a deal worth more than US$100 million.[13] After acquiring AccessData, Exterro employed 500 people across Oregon, Utah, Europe, and Asia and had more than 3,000 clients.[9][14]

As of December 2020, Exterro CEO Bobby Balachandran was considering taking the company public in an IPO that could materialize as early as 2021.[15]

References[edit]

  1. "15 Software Companies Standing Out In Portland". Built In. Retrieved 2021-01-15.
  2. Rogoway, Mike (2018-05-23). "Legal tech firm Exterro lands $100m-plus investment". oregonlive. Retrieved 2021-01-15. Unknown parameter |url-status= ignored (help)
  3. "Exterro grows without VC cash". www.bizjournals.com. Retrieved 2021-01-15. Unknown parameter |url-status= ignored (help)
  4. "The Exterro Orchestrated E-discovery Suite". FTI Technology. Retrieved 2021-01-15.
  5. "The DIGIT Deal Roundup Column | December 2020". Digit. 2021-01-11. Retrieved 2021-01-15.
  6. "Exterro Legal GRC". Exterro. Retrieved 2021-01-15.
  7. "Exterro acquires AccessData to support the growth of GRC solutions". www.kmworld.com. Retrieved 2021-01-15.
  8. "Exterro - E-Discovery & Information Governance Software". Exterro. Retrieved 2021-01-15.
  9. 9.0 9.1 "Beaverton legal tech firm Exterro expands with deal worth more than $100 million". oregonlive. 2020-12-03. Retrieved 2021-01-15. Unknown parameter |url-status= ignored (help)
  10. "A Portland startup CEO on taking private equity and lessons from India". www.bizjournals.com. Retrieved 2021-01-15. Unknown parameter |url-status= ignored (help)
  11. "Coimbatore boy returns home a successful businessman | Coimbatore News - Times of India". The Times of India. 2012-09-06. Retrieved 2021-01-15. Unknown parameter |url-status= ignored (help)
  12. Hill, Caroline (2018-05-24). "Exterro takes on reported $100m-plus investment as it kicks off AI push". Legal IT Insider. Retrieved 2021-01-15.
  13. Dipshan, Rhys. "Exterro Acquires AccessData in Nine-Figure Deal". Legaltech News. Retrieved 2021-01-15. Unknown parameter |url-status= ignored (help)
  14. "Exterro Acquires AccessData". ComplexDiscovery. 2020-12-03. Retrieved 2021-01-15.
  15. Spencer, Malia. "Exterro buys AccessData, eyes 2021 for IPO". www.bizjournals.com. Retrieved 2021-01-15. Unknown parameter |url-status= ignored (help)


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