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US Company Acquires Swiss Legaltech Startup

19.04.2018 17:00

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Legaltech

Lighthouse, a leader in technology-enabled discovery of data for use as evidence in a civil or criminal legal case, has acquired Zurich-based Forexus. The company is a a rapidly growing provider of consulting services and chat processing software.

Electronic discovery or “ediscovery” refers to any process in which electronic data is sought, located, secured, and searched with the intent of using it as evidence in a civil or criminal legal case. One of the leading companies in this field is Lighthouse. The company providing ediscovery and advisory services to Fortune 500 companies is based in Seattle. The acquisition of Forexus will bolster Lighthouse’s Advisory Services offerings with the addition of a growing consulting business focused on helping financial institutions build information governance, compliance and ediscovery programs, and managing technology in support of those programs.

With Forexus, Lighthouse is also acquiring the leading chat ediscovery software on the market, with unique functionality to accurately and efficiently ascertain and present the history of communications in chat platforms. This software is currently being used at scale by many of the world’s leading financial institutions and has broad application to messaging and collaboration platforms used for corporate communications across many other industries.

“We are excited to join Lighthouse, as it represents an opportunity for Forexus to be part of an international team, allowing us to better service our current and prospective clients across regions,” said Dimitar Bobev, co-founder of Forexus. “Under Lighthouse, our team looks forward to continuing our mission of driving innovation worldwide with a broadened solution set supporting additional platforms and vertical markets, which will further differentiate us throughout EMEA and worldwide.”

Founded in 2013 by Dimitar Bobev and Martin Kos, Forexus offers eDiscovery, IT Forensic and Data Analytics services with the main focus on financial institutions and law companies. The company is now a wholly owned subsidiary of Lighthouse and will continue to operate out of Zürich.

(Press release - SK)

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