KLDiscovery Inc. Announces Agreement

KLDiscovery Inc. Announces Agreement to Acquire Cenza Technologies

Congrats to KLDiscovery for the announcement that KLDiscovery Inc. announces an agreement to acquire Cenza Technologies! Part of the press release is below, the full press release is here.

KLDiscovery Inc. Announces Agreement to Acquire Cenza Technologies Private Limited to Establish Global Delivery Center in India

The acquisition will strengthen KLDiscovery’s Managed Document Review and enhance the Company’s contract lifecycle management offering.

Eden Prairie, MN – September 22, 2023 – KLDiscovery Inc. (“KLD”), a leading global provider of electronic discovery, information governance, and data recovery services, today announced that it has signed a definitive agreement to acquire the business of Cenza Technologies Private Limited (“Cenza”), an India based alternative legal services provider (“ALSP”) that offers Contract Lifecycle Management (“CLM”) and CLM implementation services, document review, and LawTech & Legal AI driven solutions.

Cenza is an established global ALSP serving clients in the US and UK from India with scalable, cost‐effective, and reliable managed legal services built on best‐in‐class technology, deep operational expertise, rigorous quality control, and robust client service. Cenza has been ranked in the Chambers and Partners 2023 Global-wide Alternative Legal Service Provider and LawTech Consulting guides.

“We are delighted to welcome the Cenza team into the KLDiscovery family,” said Christopher Weiler, CEO of KLDiscovery. “They have built an incredible company with a sterling reputation and a corporate culture that fits hand-in-glove with our own.  Expanding our global presence into India has been a priority for us and Cenza was the right partner to lead those efforts.”

KLDiscovery has a long history of successfully integrating companies it acquires into its global network and has created the industry’s only truly integrated end-to-end global legal technology platform. With this turn-key acquisition, the company immediately gains a mature India operation to launch its best-in-class secure managed document review and cyber incident response solutions. This combination will also allow expanding contract management solutions by blending consulting, advisory, project management, hosting, and legal AI with lawyers-in-the-loop.

“We couldn’t be more excited to join the KLDiscovery team,” said Aditya Mirza, CEO of Cenza. “I’m incredibly proud of what we have built at Cenza and there is no other organization better equipped than KLD to globally scale our integrated solutions and deep bench of talent. Their passion for service, technology, and innovation matches ours and I’m confident we will accomplish great things together, opening new and exciting growth opportunities for our customers and employees alike.”

The acquisition is expected to close in October 2023, subject to the satisfaction of customary closing conditions. Kenyon Group, LLC of the United States and Panya Capital Advisors Pvt Ltd of India were the advisors to Cenza and arranged this transaction.

Congrats again to KLDiscovery for the announcement that KLDiscovery Inc. announces an agreement to acquire Cenza Technologies!

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