Alternative legal services provider Epiq has agreed to buy US data-breach response company Canopy, its third acquisition of the year.
The New York-based ALSP says the deal will combine its global scale and cyber expertise with Canopy’s platform, helping companies manage cyber incidents more efficiently.
Canopy provides software that helps organisations quickly identify what sensitive information was exposed in a cyber-attack or data-breach.
The plan is to integrate Canopy into Epiq AI, which will be accessible through its Epiq Service Cloud legaltech and services platform.
Scott Berger, senior VP for managed services and cyber solutions at Epiq, said: “Canopy has been a longstanding partner to Epiq in helping organisations respond to cyber incidents.
“By welcoming its technology and engineering talent into our team, clients benefit from a more connected breach response experience. They gain next-generation cyber solutions that further reduce risk exposure through proactive preparedness and strengthen post-event response with AI.”
Adi Elliott, formerly Canopy’s COO and who will join Epiq’s team as VP for cyber product management, said: “Canopy was built to support organisations in understanding the scope and impact of a cyber incident and responding with greater speed and confidence.
“With Epiq, we gain global resources and scale to build on the foundation that made Canopy successful, and bring that technology to more organisations.”
The Canopy deal is the ALSP’s third US-based acquisition deal this year. In July it bought legal talent and staffing company Tenor Legal, which helps companies and law firms find experienced lawyers and other legal professionals.
That followed a deal in March to acquire AI-powered communications monitoring firm LitLingo, which flags up issues such as antitrust, fraud and corruption.
In July last year, it also purchased Case Pilots, one of the UK’s top claims administration businesses.
Meanwhile, earlier this year Epiq entered into a partnership with UK Magic Circle firm Clifford Chance and Microsoft to create an AI-powered knowledge management library containing more than 400,000 curated documents.
Epiq has a vast global footprint with a combined headcount of more than 6,100 employees spanning 17 countries across Europe, North and South America, Asia and the Middle East, along with Australia and New Zealand.
Other recent legaltech-related M&A deals include Italian AI legaltech start-up Lexroom, which this month completed its first acquisitions with the purchase of AI legal research start-ups Query Juriste based in France and Praven Intelekt from Bulgaria.
Also this month, US legaltech services provider Consilio agreed to acquire Australian legaltech and eDiscovery specialist icourts.
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