Wow! Congrats to HaystackID® with this announcement – that HaystackID acquires Business Intelligence Associates (BIA)! Part of the press release is below, full press release is available here.
HaystackID® Acquires Business Intelligence Associates, Marking Its Fifth Investment in Four Years
WASHINGTON and NEW YORK – September 7, 2022 – HaystackID, a specialized eDiscovery services firm supporting law firms and corporate legal departments, today announced it has acquired Business Intelligence Associates (BIA), an end-to-end eDiscovery service provider, as part of a deal facilitated by majority investor and leading middle-market private equity firm, Quad-C Management, Inc.
“BIA is a leader in eDiscovery, and this combination further expands our capabilities in the support and delivery of complex enterprise discovery solutions, especially in New York,” said HaystackID CEO Hal Brooks. “This deal follows a period of organizational alignment and internal investment around innovation, technology, and advisory services and builds on several years of investment and growth. All of these internal and external investments position us well for additional future international growth across all of our business lines.”
The BIA acquisition is HaystackID’s fifth major investment event since April 2018, when it acquired Envision Discovery, an eDiscovery managed services provider, and Inspired Review, a managed review and remote review services provider. In January 2019, HaystackID acquired eTERA Consulting, an eDiscovery managed services provider. Additionally, in February 2020, HaystackID completed a strategic recapitalization with Quad-C to support the continued growth and expansion of the company, before acquiring NightOwl Global in August 2020. With the BIA addition, HaystackID strengthens its position for continued growth in cyber discovery/incident response, privacy/compliance, information governance, and enterprise managed solutions.
“Our corporate clients will benefit greatly from the significant increase in the support and services we will be able to offer,” said BIA CEO Brian Schrader, Esq., who has joined HaystackID and will continue to lead BIA efforts. “Our team worked tirelessly to reach this milestone, and we are honored to join forces with what is fast becoming one of the preeminent service providers in the world.”
In addition to external investments, HaystackID has significantly expanded and aligned its service offerings in the past six months, launching its innovative discovery management platform HaystackID Core™ in March 2022 and its Global Advisory practice earlier this month.
So, what do you think? What do you think of the announcement that HaystackID acquires Business Intelligence Associates (BIA)? Please share any comments you might have or if you’d like to know more about a particular topic.
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