October 4, 2022


Enduring Values

Exterro Completes Major Strategic Recapitalization in Extra of $1 Billion

Exterro, Inc.

Leeds Equity Associates, in partnership with Exterro administration, closes its third continuation car as element of this transaction

PORTLAND, Ore., July 26, 2022 (Globe NEWSWIRE) — Exterro, Inc., a portfolio enterprise of Leeds Equity Partners (“Leeds Equity”), announced these days that it has concluded a strategic recapitalization and secured extra dedicated equity funds as section of a continuation vehicle transaction valuing Exterro at much more than $1 billion (USD). With the aid of a team of foremost international institutional traders co-led by Coller Capital and Glendower Funds, this transaction will help Exterro to commit more resources to the progress of its Legal GRC portfolio of items through M&A and merchandise improvement. Exterro will continue on to acquire new initiatives for legislation firms and service companies, generate accelerated growth of its digital forensics solution set and reinvest in its very first-course international Schooling Academy, as it provides new solutions to new geographies. As element of the recapitalization, Leeds Fairness has produced a major new equity commitment from its most current flagship fund, Leeds Equity Associates VII, L.P., together with the continuation vehicle and management.

Exterro is a primary supplier of Lawful Governance, Danger, and Compliance (GRC) software program, which presents deep details insights, workflow efficiencies, and approach orchestration throughout e-discovery, electronic forensics, data privacy, and cybersecurity use conditions. The firm operates in a massive, rapid-increasing sector with significant macro drivers, including raising litigation volumes, the proliferation of corporate info, an more and more sophisticated regulatory setting, the convergence of data hazards and the ubiquity of digital proof in criminal offense and terrorist functions.

“Since our final funding with Leeds Fairness, global desire for Exterro’s Legal GRC system has developed exponentially, fueling our product or service innovation as we have continued developing best-in-class e-discovery, knowledge privacy, forensics, chance, and compliance technologies,” mentioned Bobby Balachandran, founder and CEO of Exterro. “As the lines between legal, finance, IT, and security departments blur, Exterro is in a exceptional situation, presenting the only platform that can efficiently unify and tackle the facts and the legal prerequisites of individuals disparate business enterprise silos. Leeds Equity has been an extraordinary partner in Exterro’s progress, and we are thrilled to proceed our partnership with them as Exterro enters this new phase of advancement.”

Considering that Leeds Equity’s original financial investment in 2018, Exterro has additional than quadrupled its income, and now serves more than 3,000 customers across the globe. Exterro’s concerted progress technique has targeted on organic product innovation, geographic enlargement, and strategic M&A, including the acquisition and integration of Jordan Lawrence and AccessData. It has also bundled significant R&D investments in e-discovery, privateness, electronic forensics, and incident management as effectively as investments in the Exterro staff. These enterprise-vital functions are integrated into Exterro’s top Legal GRC system, which was built specifically to control the convergence amongst authorized operations, litigation guidance, compliance, breach reaction, and inner investigations. In addition to Exterro’s company markets, the enterprise has also progressively served regulation enforcement forensics departments, giving increased efficiencies to those people organizations that are experiencing budgetary and staffing constraints, most lately with the United Kingdom’s West Midlands Law enforcement Office.

“Bobby Balachandran and the overall Exterro crew have developed an sector-major business uniquely positioned to aid enterprises take care of and evaluate information and push actionable organization intelligence. These are significant requirements to running in the face of worries throughout e-discovery, information privateness, cybersecurity, and forensic investigations,” stated Jacques Galante, Husband or wife at Leeds Equity Partners. “We seem ahead to constructing on this great partnership as Exterro proceeds to capture the immense development prospect across its international marketplaces.”

Mr. Balachandran initially started Exterro in 2008 with the conviction that the lawful marketplace would profit from, and that there was huge demand for, system enhancements that could be derived from lessons realized in other industries. Nowadays, Exterro offers the only Legal GRC system for businesses – which contain global enterprises like Boeing, United Healthcare, American Express, Aflac, and Oracle – to mitigate dangers, handle expenditures, and have full end-to-conclude visibility into their authorized processes. Exterro has won quite a few market awards and accolades, including the World wide InfoSec Awards, Very best Forensics Products (2022), KM Environment Reader’s Selection Awards, Very best E-Discovery (2021), LegalTech Breakthrough, LegalTech CEO of Calendar year (2021), and additional. The company also contributes to various civic brings about that are spearheaded by its Exterro Provides Again initiative, which supports quite a few businesses, like Girls Business owners of India, Operation Child in the US, the Protected Escape refuge in the United kingdom, and the founding of the LifeRay Basis, to mention a couple.

“The Legal GRC business continues to be hugely interesting offered favorable macro tailwinds, and we are very pleased to continue our powerful partnership with Exterro to create on its premier market place placement. We are energized to carry on to aid the business via organic expense and strategic M&A,” said Kevin Malone, Principal at Leeds Equity Companions.

Jefferies Financial Group, Inc. acted as the economic advisor, though Kirkland & Ellis and Reed Smith served as authorized counsel on the transaction.

About Exterro, Inc.
Exterro empowers lawful teams to proactively and defensibly handle their Legal Governance, Threat and Compliance (Legal GRC) needs. Our Lawful GRC application is the only complete platform that automates the advanced interconnections of privacy, lawful operations, digital investigations, cybersecurity response, compliance, and information and facts governance. 1000’s of authorized teams all-around the earth in firms, law companies, managed services companies and government and law enforcement companies have faith in our integrated Authorized GRC system to control their hazards and travel prosperous results at a lower charge. For more info, pay a visit to www.exterro.com

About Leeds Equity Companions
Leeds Fairness Partners is a non-public fairness company dedicated solely to partnering with management groups in the education and learning, teaching and details providers industries (the “Knowledge Industries”). The company was launched in 1993 and has managed over $4.5 billion of capital throughout a broad spectrum of organizations inside of the Know-how Industries. Leeds Fairness seeks to leverage its sector-centered abilities and current market insights to develop prolonged-term price for its husband or wife businesses. For much more details, go to www.leedsequity.com

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System PR
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