X1 is divesting their social discovery solution to further expand and accelerate enterprise growth of their in-place data discovery solutions.
Per the announcement released this morning, X1® is divesting their social discovery and web collections solution, X1 Social Discovery, in-line with strategic plans to increase investment, technology focus, and accelerate expansion of their Enterprise market solutions for eDiscovery and compliance. X1’s Social Discovery is being acquired by Pagefreezer and will be combined with Pagefreezer’s WebPreserver online evidence collection platform.
“X1 has always been and remains passionately committed to the success of its customers,” said Larry Gill, CEO at X1. “We are confident that combining X1’s cutting-edge Social Discovery solution with Pagefreezer’s WebPreserver online evidence collection will provide the industry a one-stop-shop, best-in-class solution for all their social media and web collection needs. The divestiture of the X1 Social Discovery solution strategically aligns with our enterprise-focused growth strategy going into the new year and enables X1 to substantially increase our investment and accelerate our plans to further expand our Enterprise solution offerings. We are seeing record demand and implementation for our uniquely advanced support for Microsoft 365 data sources with our Enterprise Collect platform solution. With X1’s proprietary index-in-place technology and highly-scalable, targeted search and collection capabilities disrupting the market, it’s the perfect opportunity to further expand and enhance our X1 Enterprise Collect solution to introduce MS 365 Legal Hold and preservation in-place capabilities, accelerate support for several other cloud data sources, and much, much more.”
The divesture will enable X1 to focus on developing and delivering enhanced technology capabilities for their desktop productivity solution, X1 Search and their eDiscovery and compliance solution X1 Enterprise Collect.
The announcement goes on to discuss X1’s plans to focus on X1 Search and X1 Enterprise Collect, including their capabilities, plans for coming enhancements and how to learn more (including where to get a demo of X1’s in-place data discovery solutions at Legalweek next month).
The fact that X1 is divesting their social discovery and web collections solution in favor of their search and enterprise solutions illustrates a key shift in direction for the company, and perhaps reflects a similar shift within the industry as well!
So, what do you think? Please share any comments you might have or if you’d like to know more about a particular topic.
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