Indian Origin Exterro Acquires Data Discovery Solutions Leader Divebell

COIMBATORE, India - Nov. 9, 2023 - PRLog -- Exterro, a leading provider of legal governance, risk and compliance (GRC) software has acquired Divebell, a best-in-class data discovery SaaS solution.  By combining Divebell's sophisticated data discovery capabilities with Exterro's comprehensive legal GRC platform, includings its rich information governance workflows, Exterro further solidifies its position as the only company that can help solve the legal, regulatory, and compliance data challenges facing corporations, government organizations and global enterprises.

With the acquisition, Exterro is poised to revolutionize the way organizations identify, understand and utilize their structured and unstructured data for e-discovery, enterprise digital foresics, data privacy compliance, data security and breach response, as well as emerging AI-related challenges such as AI-related legislation and governance.

"In an era where data-centric regulations are tightening and organizational functions are converging under legal oversight, having an agile, accurate, and all-encompassing platform to automatically identify and contextualize all available corporate data has never been more crucial," said Bobby Balachandran, Founder and CEO of Exterro.  "This is particularly important as companies manage legal governance, risk, and compliance obligations amid the rapid adoption of AI technologies. The efficient and effective monitoring of training datasets is imperative to ensure proper data governance and avoid privacy and intellectual property issues.  This acquisition gives organizations the tools they need to understand where their data is coming from and ensures reliable and unbiased outcomes."

The acquisition builds off of the historical partnership between Exterro and Divebell to supercharge the incorporation of automated data discovery technology into the broader Exterro platform, addressing many key challenges for e-discovery, privacy, and breach response professionals.

"The combination of Divebell technology with Exterro's world-class development team and its market-leading AI capabilities will result in faster, more powerful, and more cost-effective solutions to meet regulatory and compliance obligations," said Divebell CEO and co-founder, Vikram Shrowty.  "The integration of Divebell with Exterro's established data platform will give customers continuous automatic visibility into their data and the ability to automatically detect, measure, and remediate risk across their data ecosystem.  Factoring in our quick time-to-value, this transaction will be transformative for a market in which competitive solutions are either a big lift to operationalize or lack automation or both."

Financial terms of the transaction were not disclosed. For more information about Exterro Data Discovery, visit https://www.exterro.com/privacy-software/data-discovery