Daniel J. Munoz//January 7, 2021//
Chicago-based legal software company Relativity is buying the Raritan-based data management firm VerQu for an undisclosed amount, the two companies announced on Tuesday.
Company officials said the acquisition bolsters Relativity’s product offerings with remote, work-from-home technology, as tens of millions of Americans telecommute amid the COVID-19 pandemic and social distancing protocols.
VerQu will continue to offer its remote-work products – Phoenix, Hydra and Hive – but they will be integrated into Relativity’s software-as-a-service model.
Relativity executives said that deal means its clients will be more easily able to monitor company communications for regulatory compliance, at a time when hundreds of millions of workers flock towards remote-workspace products like Microsoft Teams and Slack.
“Enterprise communications will continue to shift rapidly and scale from traditional channels like email toward chat and collaboration platforms,” Relativity Chief Executive Officer Mike Gamson said in a Jan. 6 statement.
“That’s why Relativity is committed to investing in technology that connects directly to native cloud data sources for surveillance and e-discovery workflows, evolving the data paradigm from documents to include conversations.”
Relativity has over 13,000 clients, including the U.S. Department of Justice and NBCUniversal, and many top law firms.