Extract from Zach Warren's article "Reveal Acquires NexLP to Bolster AI Capabilities for E-Discovery"
Wendell Jisa, CEO of e-discovery company Reveal, wants his platform to be cutting-edge. And to get there, he said he wants to make bold moves—including acquiring one of the most well-known artificial intelligence technology companies in the e-discovery space.
On Tuesday, Reveal announced it has acquired NexLP, including its artificial intelligence technology and the company’s team. The two Chicago-based companies will join under the Reveal banner, with NexLP CEO Jay Leib joining Reveal as the company’s new executive vice president of innovation and strategy. All of NexLP’s employees that wish to make the move will be joining Reveal as well.
The deal is the second for Reveal after receiving investment from Gallant Capital Partners, following the 2019 acquisition of Mindseye. Financial details for the NexLP acquisition were not publicly released.
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