HaystackID Acquires Business Intelligence Associates, Marking Its Fifth Investment in Four Years
HaystackID, a specialized eDiscovery services firm supporting law firms and corporate legal departments, announced it has acquired Business Intelligence Associates (BIA), an end-to-end eDiscovery service provider, as part of a deal facilitated by majority investor and leading middle-market private equity firm, Quad-C Management, Inc.
“BIA is a leader in eDiscovery, and this combination further expands our capabilities in the support and delivery of complex enterprise discovery solutions, especially in New York,” said HaystackID CEO Hal Brooks. “This deal follows a period of organizational alignment and internal investment around innovation, technology, and advisory services and builds on several years of investment and growth. All of these internal and external investments position us well for additional future international growth across all of our business lines.”
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The BIA acquisition is HaystackID’s fifth major investment event since April 2018, when it acquired Envision Discovery, an eDiscovery managed services provider, and Inspired Review, a managed review and remote review services provider. In January 2019, HaystackID acquired eTERA Consulting, an eDiscovery managed services provider. Additionally, in February 2020, HaystackID completed a strategic recapitalization with Quad-C to support the continued growth and expansion of the company, before acquiring NightOwl Global in August 2020. With the BIA addition, HaystackID strengthens its position for continued growth in cyber discovery/incident response, privacy/compliance, information governance, and enterprise managed solutions.
“Our corporate clients will benefit greatly from the significant increase in the support and services we will be able to offer,” said BIA CEO Brian Schrader, Esq., who has joined HaystackID and will continue to lead BIA efforts. “Our team worked tirelessly to reach this milestone, and we are honored to join forces with what is fast becoming one of the preeminent service providers in the world.”
“This acquisition is yet another step in building the framework for the international capability and success of HaystackID, one of our leading portfolio companies,” said Quad-C partner Tim Billings. “We are excited to continue to partner with the company as we develop the next stage of growth with additional investments in infrastructure, people, and acquisitions both in the U.S. and abroad.”
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