Leeds Builds Exterro with Latest Buy

Leeds Builds Exterro with Latest Buy

Exterro, a portfolio company of Leeds Equity Partners, has acquired Jordan Lawrence Group, a provider of data privacy and data management software.

Jordan Lawrence is a software and services company specializing in regulatory and legal compliance in the fields of data privacy, data minimization, and vendor process risk management. The company’s products are used to meet international and domestic data privacy regulations pertaining to record retention, information management, data privacy and security. Jordan Lawrence was founded in 1987 and is headquartered near St. Louis in Chesterfield, MO (www.jordanlawrence.com).

Exterro is a provider of e-discovery and privacy software specifically designed for in-house legal, privacy, and IT teams at large corporations and law firms. More than 60% of Exterro’s clients are Fortune 500 corporations and Am Law 200 firms. The company, led by CEO Bobby Balachandran, is headquartered in Beaverton, OR (www.exterro.com).

“The convergence of privacy, information governance and e-discovery provides an opportunity for organizations to more effectively manage the many new and evolving data privacy and security regulations, such as CCPA and GDPR, while also addressing e-discovery needs under the FRCP,” said Mr. Balachandran. “The combination of Jordan Lawrence and Exterro will deliver the only integrated software platform that provides organizations with the ability to address all of these challenges simultaneously, resulting in higher productivity, lower costs and unprecedented risk mitigation.”

[Editor’s note: the CCPA is the California Consumer Privacy Act (effective January 2020), the GDPR is the European Union’s General Data Protection Regulation (effective May 2018), and the FRCP is the Federal Rules of Civil Procedure that govern civil procedures in United States district courts.]

“As a key part of our investment strategy, we believed that Bobby and his team could leverage the strength of Exterro’s market position, technology platform and execution capabilities to accelerate the company’s significant organic growth with strategic acquisitions,” said Jacques Galante, a partner at Leeds Equity. “Jordan Lawrence represents a unique opportunity to combine deep domain expertise and software capabilities across data privacy and management with Exterro’s e-discovery and information governance software platform to uniquely deliver significant cost efficiencies, greater legal insights and overall risk management capabilities to corporations globally.”

Leeds Equity Partners is focused exclusively on investing in the education, training and information services industries.  The firm was founded by Jeffrey Leeds and Robert Bernstein in 1993 and has raised and managed more than $1.7 billion of capital across six funds.  The firm is headquartered in New York (www.leedsequity.com).

“The combination of Jordan Lawrence and Exterro brings together two leading organizations to uniquely address the complex information governance needs of their clients, and we are thrilled to partner with Alice and the Jordan Lawrence team as we continue to serve the e-discovery and data privacy marketplace with our leading software offerings,” added Kevin Malone, a principal at Leeds Equity.

Marks Baughan Securities was the financial advisor to Jordan Lawrence Group.

© 2019 Private Equity Professional | June 13, 2019

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