CHICAGO: Veristar LLC has acquired Planet Data, accelerating the firm’s offerings and solutions for corporate legal departments and law firms, a news release said without disclosing financial terms of the transaction.

Planet Data Solutions Inc. will sell its assets to Veristar. Planet Data’s Exego software division will operate under a separate Exego LLC.

“We are excited to be joining forces with the outstanding Planet Data team,” said Veristar company founder, CEO and president, Rick Avers.

“Acquiring the deep bench of litigation support professionals at Planet Data greatly enhances our current capabilities and positions Veristar for continued growth. We also are excited to leverage the powerful Exego platform and its proven track record of reducing client costs.”

Since its launch in November 2019 by veteran litigation support professionals, Veristar has emerged as a premier provider of best-of-breed solutions for complex forensic data collection, Relativity hosting and document review services, along with specialized legal staffing support.

With the acquisition of Planet Data, Veristar continues its strategic growth trajectory and expansion plans to meet the evolving needs of corporate and law firm clients.

As corporate clients continue to navigate the increased complexity of litigation, government investigations and M&A activities, the acquisition positions Veristar to continue helping clients meet today’s challenges.

“There are many synergistic opportunities between our companies, and I believe our clients are going to reap the benefits once they see the capabilities driven by the caliber of the combined Veristar and Planet Data teams,” said Howard Reissner, Esq., co-founder and CEO of Planet Data.

“We are excited for this next phase and remain steadfast in our commitment to serving our clients with outstanding people, processes and technology.”

The Planet Data team will operate under the leadership of Rick Avers. Dave Cochran, COO at Planet Data, will become president of Exego.

With more than 250 years of combined experience among our leadership, project managers, data processing team and review managers, Veristar understands the needs of legal teams navigating complex data matters. https://veristar.tech/ .

Planet Data addresses today’s eDiscovery and contract management challenges with a combination of cutting-edge technology, forward thinking and a team of subject matter experts. https://www.planetdata.com/

(GLOBE NEWSWIRE)