Over the past year, the e-discovery market has been defined by a flurry of M&A activity. But not all players in the market want to march to the same tune. E-discovery and forensics provider HaystackID recently announced a fairly rare move: a recapitalization that allows it to remain independent while growing the company.
The recapitalization, which was completed in October 2017, was funded by a group of mostly undisclosed private investors and lenders, though the Chicago-based Knox Capital was named as one of the new shareholders. Under the recapitalization, Kevin Glass, president and chief executive officer, will remain the majority shareholder and owner of the company.
