Arbor Ridge Partners advises Cicayda on its Sale to TCDI
By: Arbor Ridge Partners LLC
CHICAGO - Dec. 3, 2020 - PRLog -- Arbor Ridge Partners, the leading M&A advisory firm for the Legal Technology and Legal Services industry, is pleased to announce that our client, Cicayda, has been acquired by TCDI - a leading provider of legal services, software and cybersecurity.
Cicayda was founded in 2012 by a team of legal experts to provide a full-service eDiscovery ecosystem offering pre-discovery strategy, consulting/testifying experts, managed document review, and a fully cloud based technology platform supported by expert project managers. Cicayda's processes, procedures, and technology are based on years of industry experience and tailored to provide the client with the most informative and efficient method of discovery management.
The deal will expand TCDI's existing capabilities in eDiscovery, cybersecurity, and managed document review, adding Cicayda's proprietary software to the TCDI technology suite. TCDI will integrate Cicayda's software, iDiscovery®, into its own proprietary technology and services, including augmenting its eDiscovery platform, CVLynx®, with legal hold automation capabilities developed by Cicayda.
Cicayda CEO Aaron Vick said, "When it comes to M&A of legal technology and legal services businesses, it is hard to imagine anyone better or with more knowledge than Arbor Ridge Partners. Arbor Ridge Partners helped make it possible for us to join forces with TCDI and scale our existing services while providing our clients with new capabilities in cybersecurity."
Trivest Partners ("Trivest"), a private investment firm specializing in growth-oriented founder-based businesses, has partnered with TCDI since early 2020. Since this partnership, Trivest has focused on accelerating various growth initiatives at TCDI including identifying and closing strategic acquisitions similar to Cicayda. "Arbor Ridge Partners' experience, professionalism, vision and execution were key for the alignment of the parties involved in this deal," said Trivest Principal Amir Mirheydar.
Arbor Ridge Partners served as the exclusive advisor to Cicayda and arranged this transaction.
About Arbor Ridge Partners
Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and software companies. With over 60 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please see www.arborridgepartners.com, email firstname.lastname@example.org, or call 800-226-2760.