LexisNexis sells Applied Discovery to Siris Capital

Applied Discovery logoI noticed at the end of last year that Applied Discovery’s avatar on Twitter had changed, the big red ball of its LexisNexis owner being replaced by a parallelogram with an @ symbol in it. The same symbol appeared at the top of Applied Discovery’s Weekly eDiscovery Snapshot  published on Friday. I filed that unread because I was in the middle of a run of conference calls, and so missed the significant announcement which modestly appeared below the commentary by Jon Resnick, who featured recently in these pages as eDiscovery’s equivalent of Stakhanov.

During my first call, I noticed that Twitter had become unusually active. When I looked at it in between calls I learnt that LexisNexis had sold Applied Discovery to Siris Capital Group. It takes a certain amount of style to tuck an announcement like that at the end of what appeared to be a routine summary of eDisclosure developments.

I dashed off a quick congratulatory e-mail to Jon Resnick and by the time my next call had ended, there was further news – Ramana Venkata, who founded Stratify in 1999 is to be the CEO of the newly independent Applied Discovery.

I have arranged to speak to Jon Resnick next week, something which was on my list anyway – last summer’s integration of Equivio Relevance into Applied Discovery’s Leverage suite has been running long enough for a status update. More on this in due course.


About Chris Dale

I have been an English solicitor since 1980. I run the e-Disclosure Information Project which collects and comments on information about electronic disclosure / eDiscovery and related subjects in the UK, the US, AsiaPac and elsewhere
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