ANALYSIS: E-Discovery’s Glittering January: $83 Million to DISCO, $75 Million Catalyst Sale

January brought news of two major investments in e-discovery technology:

• E-discovery startup DISCO announced it had raised $83 million in venture capital funding, bringing the company’s total outside investments to $135 million; and
• Publicly traded enterprise content management company OpenText acquired e-discovery company Catalyst Repository Systems in a $75 million all-cash transaction.

DISCO CEO Kiwi Camara said in a statement that, in addition to helping his company ramp up U.S. and international operations, it would also would help DISCO “create technology to modernize the practice of law.”

On the OpenText deal, Mark J. Barrenechea, OpenText’s CEO and CTO said in ...