Thursday, June 13, 2024
Outlook India
Outlook Business

KLDiscovery Inc To Acquire Cenza Technologies, Establish Global Delivery Center In India

The acquisition will strengthen KLDiscovery’s Managed Document Review and enhance the company’s contract lifecycle management offering.

KLDiscovery Inc To Acquire Cenza Technologies, Establish Global Delivery Center In India
Aditya Mirza, CEO of Cenza with Christopher Weiler, CEO of KLDiscovery

Outlook Start-Up Desk

POSTED ON September 23, 2023 11:52 AM

KLDiscovery Inc, a global provider of electronic discovery, information governance, and data recovery services, has signed a definitive agreement to acquire the business of Cenza Technologies Private Limited. The latter is an India-based alternative legal services provider that offers Contract Lifecycle Management (CLM) and CLM implementation services, document review, and law tech and legal AI-driven solutions.

A global ALSP Cenza has clients in the US and UK from India with scalable, cost‐effective, and reliable managed legal services built on deep operational expertise, rigorous quality control, and robust client service. It has been ranked in the Chambers and Partners 2023 Global-wide Alternative Legal Service Provider and LawTech Consulting guides.

The acquisition is expected to close in October 2023, subject to the satisfaction of customary closing conditions. Kenyon Group, LLC of the United States and Panya Capital Advisors Pvt Ltd of India were the advisors to Cenza and arranged this transaction.

“We are delighted to welcome the Cenza team into the KLDiscovery family,” said Christopher Weiler, CEO of KLDiscovery. “They have built an incredible company with a sterling reputation and a corporate culture that fits hand-in-glove with our own. Expanding our global presence into India has been a priority for us and Cenza was the right partner to lead those efforts.”

“We couldn’t be more excited to join the KLDiscovery team,” said Aditya Mirza, CEO of Cenza. “I’m incredibly proud of what we have built at Cenza and there is no other organization better equipped than KLD to globally scale our integrated solutions and deep bench of talent. Their passion for service, technology, and innovation matches ours and I’m confident we will accomplish great things together, opening new and exciting growth opportunities for our customers and employees alike.”

KLDiscovery has successfully integrated several companies it acquired into its global network to create an integrated end-to-end global legal technology platform. With this turn-key acquisition, the company immediately gains a mature India operation to launch its best-in-class secure managed document review and cyber incident response solutions. 

This combination will also allow for expanding contract management solutions by blending consulting, advisory, project management, hosting, and legal AI with lawyers-in-the-loop.

KLDiscovery provides technology-enabled services and software to help law firms, corporations, and government agencies solve complex data challenges. With offices in 25 locations across 16 countries, it delivers data management, information governance, and eDiscovery solutions to support the litigation, regulatory compliance, and internal investigation needs of clients. 

  • Related Articles

    The summit aims to offer mentorship to growth-stage start-ups, assisting them in establishing their presence on an international scale

    Headstart Gears Up For Annual Premier Start-Up Summit HSX 2023

    When users attempt to access online services, 2FA is a robust security method to verify their identity, combining what a user is aware of and something they have

    Implementation Of Aadhaar-Enabled Payment System 2FA For Merchants

    The fund is backed by several investors representing six institutional and sovereign wealth investors, including SIDBI, as well as 125 limited partners

    Antler India Approaches Final Close Of Maiden $75 Million Pre-Seed Fund