Xact Data Discovery (XDD), a leading international provider of eDiscovery, data management and managed review services for law firms and corporations, announces the acquisition of Esquify, a cutting-edge software company that provides powerful AI automation workforce management solutions for legal review.
Esquify is the world’s first AI-driven workforce management platform for law and leverages powerful, proprietary and patented productivity benchmarking, communications and virtual supervision technology to augment the capabilities of eDiscovery reviewer teams. As a venture-backed start-up and recent winners of the Chicago Innovation Awards, US LegalTech Venture Day and Product of the Year by M&A Advisor, Esquify’s innovations will be embedded into XDD’s existing managed review business to help drive increased client value and technology-driven results.
“We’re beyond excited to be bringing our AI innovations to XDD’s vast client base and launching our award-winning, 21st century technology to a wider audience,” said Drew Stern, Esquify CEO. “Our reviewer technology, powering XDD’s existing, market-leading managed review business will drive huge value for clients and be a game-changer for the eDiscovery industry.”
Bob Polus, XDD President and CEO, states, “Esquify has done a terrific job of building and bringing technology solutions to the Managed Review space. Working in parallel with Rick Weber from Arbor Ridge Partners, we determined integrating Esquify would improve work flow, productivity and accountability on multiple fronts. The addition of Esquify to the XDD portfolio further demonstrates our commitment to redefining our industry through unparalleled customer service, proven technology and innovative thought leadership.”
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“Bringing XDD and Esquify together is a great fit for both companies and the markets they serve,” states Rick Weber, Managing Partner at Arbor Ridge Partners.