IPRO acquires ZyLAB to spread its wings in Europe and UK
Acquisition enables US legal eDiscovery platform to provide better solutions to manage risk and costs to its clients
US eDiscovery and information governance platform IPRO has acquired ZyLAB, a Netherland-based automated legal hold service provider, in its bid to expand its wings in Europe and UK.
IPRO gets full access to ZyLAB's AI-driven, real-time legal hold technology, whose fully automated notifications and custodian alerts help prevent accidental data loss or evidence spoliation.
The deal also provides IPRO users with ZyLAB's advanced analytics and cloud capabilities.
"Joining forces with the incredible team at ZyLAB enables us to provide innovative product capabilities and expand our geographic footprint in Europe and the UK. With this acquisition, we are better positioned to deliver upstream solutions to help our clients and partners manage the risks and costs associated with the continued growth of their unstructured data and legal discovery costs," IPRO CEO Dean Brown said about the acquisition.
ParkerGale Capital, a Chicago-based investment firm, which had acquired IPRO in 2017, provided the capital to fund the acquisition. DLA Piper advised ZyLAB on the deal, while Kirkland & Ellis and the Dutch law firm De Brauw advised IPRO.
Under the deal with IPRO, ZyLAB will continue to operate under its own brand name in Europe while key product development also remains in the Netherlands.
"We chose IPRO, after considering all major players on the market, because of its commitment to innovation, security and customer success," Dennis van der Veeke, ZyLAB's CEO, explained.
After NetGovern and inData, ZyLAB is the third major deal for IPRO in recent years while it continues to expand its presence and profile.