KLDiscovery to acquire Cenza Technologies
KLDiscovery Inc. (KLD), a prominent global provider of electronic discovery, information governance, and data recovery services, has announced a definitive agreement to acquire the business of Cenza Technologies Private Limited (Cenza), an India-based alternative legal services provider (ALSP) specializing in Contract Lifecycle Management (CLM) and related solutions, document review, and Legal AI-driven services.
Cenza, a well-established global ALSP, extends its services to clients in the US and UK from India, delivering scalable, cost-effective, and dependable managed legal services backed by cutting-edge technology, profound operational expertise, stringent quality control, and robust client support. Chambers and Partners recognized Cenza in their 2023 Global-wide Alternative Legal Service Provider and LawTech Consulting guides.
Christopher Weiler, CEO of KLDiscovery, expressed enthusiasm about welcoming the Cenza team into the KLDiscovery family. He praised Cenza’s outstanding reputation and cultural alignment with KLDiscovery’s goals. Expanding into India has been a strategic priority for KLDiscovery, and Cenza emerged as the ideal partner for this venture.
KLDiscovery has a strong track record of effectively integrating acquired companies into its global network and boasts the industry’s sole truly integrated end-to-end global legal technology platform. With this acquisition, KLDiscovery gains immediate access to a mature India operation, enhancing its secure managed document review and cyber incident response solutions. The merger also facilitates the expansion of contract management solutions by amalgamating consulting, advisory, project management, hosting, and legal AI with lawyers-in-the-loop.
Aditya Mirza, CEO of Cenza, expressed excitement about joining the KLDiscovery team, emphasizing the alignment of their values and commitment to service, technology, and innovation. He is confident that this partnership will unlock new growth opportunities for both customers and employees.
The acquisition is anticipated to conclude in October 2023, pending the fulfillment of customary closing conditions. Kenyon Group, LLC in the United States and Panya Capital Advisors Pvt Ltd in India acted as advisors to Cenza and facilitated the transaction.
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