Missed this yesterday, saw it today! Innovative Discovery and Driven announced yesterday that the two companies have merged, with the new company to be called Innovative Driven!
The full announcement is here, part of it is below:
Falls Church, VA & Arlington, VA (November 10, 2021) — Driven, Inc. (“Driven”) and Innovative Discovery, LLC (“ID”) announced today that the two companies have merged, creating an end-to-end provider of services across the information lifecycle, including information governance, eDiscovery, and managed review. The combined company will initially operate under the name Innovative Driven and will feature world-class consultants, subject-matter experts, and technology professionals, offering legal, corporate, and government clients a range of services and solutions to support their ever-evolving data management needs.
“Our clients are at the heart of every move and decision we make and combining the expertise of these two organizations offers our clients the absolute best resources to create tailored solutions to achieve their goals,” said Kim Taylor, the Chief Executive Officer of Innovative Discovery who will continue as CEO of the combined company. “Our highly sought-after FedRAMP authorization, coupled with our SSAE 18, ISO-9001 and ISO/IEC 27001 certifications allow us to provide clients with top-notch security and industry-leading subject-matter expertise – more so than ever before.”
Ozzy Jimenez, Chief Executive Officer of Driven, said, “Driven and Innovative Discovery are highly complementary businesses which share a similar goal of providing exceptional service to our clients. Together, we will provide a robust service offering, supported by premier talent and technological capabilities.” Mr. Jimenez will serve as a board director and investor in the combined company.
Both Driven and ID have terrific talent, so it will be interesting to see how they bring that talent together. By my count (courtesy of Rob Robinson’s ComplexDiscovery site here), that’s at least the 47th mergers, acquisitions and investments (M&A+I) transaction this year. We only had (again, by my count) 36 all last year. Of course, the pandemic lull may have had something to do with that.
So, what do you think? Who will be the next companies to be involved in a merger or acquisition? Hey, maybe we should get a pool going! 😉 Please share any comments you might have or if you’d like to know more about a particular topic.
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