2nd Addendum to e-Disco is Hot: Clearwell Sells for $410 Million!

I know this addendum thing is getting ridiculous, but what can you say after you learn that Clearwell just sold for $410,000,000! The lucky buyer is Symantec Corp. (Nasdaq: SYMC). They hope to close the deal by September.

Congrats to all of my friends at Clearwell! This is no bubble like the IPO today of Linked In that doubled in price in three hours. This has been a long time coming, and it is just the start of the real thing, like the IPO of Google. Law firms and companies around the world are beginning to realize the importance of e-discovery and search to democratic systems of justice. See the Reuters Thomson article for a summary of the Clearwell acquisition. See e-discovery 2.0 by Clearwell for the complete story.

Who will be next?

This entry was posted on Thursday, May 19th, 2011 at 4:54 pm and is filed under Lawyers Duties. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to 2nd Addendum to e-Disco is Hot: Clearwell Sells for $410 Million!

Going “Gaga” Over Big Deals and Malpractice in e-Discovery « e-Discovery Team says:

June 12, 2011 at 5:10 pm

[…] start with two new big deals from vendor-land. In my May 19th blog, 2nd Addendum to e-Disco is Hot: Clearwell Sells for $410 Million!, which supplemented my earlier blog, The Word is Out: e-Disco is the Hot New Dance, I reported on […]

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HP is Buying Autonomy for $10 Billion « e-Discovery Team says:

August 18, 2011 at 3:48 pm

[…] say, money doesn’t talk, it screams. See The Word is Out: e-Disco is the Hot New Dance; 2nd Addendum to e-Disco is Hot: Clearwell Sells for $410 Million!; Going “Gaga” Over Big Deals and Malpractice […]

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Ralph’s eDiscovery Books

e-Discovery for Everyone, (ABA, 2017). Also see Ralph's video on this book.
Perspectives on Predictive Coding and Other Advanced Search Methods for the Legal Practitioner, Contributor and co-editor with Jason Baron and Michael Berman, (ABA 2017)
Adventures in Electronic Discovery (West Thomson Reuters, 2011).
Electronic Discovery: New Ideas, Trends, Case Law, and Practices (West Thomson Reuters, 2010).
Introduction to E-Discovery: New Cases, Ideas, and Techniques (ABA 2009).
e-Discovery: Current Trends and Cases (ABA 2008).

About the Blogger

Ralph Losey is a Friend of AI with over 740,000 LLM Tokens, Writer, Commentator, Journalist, Lawyer, Arbitrator, Special Master, and Practicing Attorney as a partner in LOSEY PLLC. Losey is a high tech oriented law firm started by Ralph's son, Adam Losey. We handle major "bet the company" type litigation, special tech projects, deals, IP of all kinds all over the world, plus other tricky litigation problems all over the U.S. For more details of Ralph's background, Click Here

All opinions expressed here are his own, and not those of his firm or clients. No legal advice is provided on this web and should not be construed as such.

Ralph has long been a leader of the world's tech lawyers. He has presented at hundreds of legal conferences and CLEs around the world. Ralph has written over two million words on e-discovery and tech-law subjects, including seven books.

Ralph has been involved with computers, software, legal hacking and the law since 1980. Ralph has the highest peer AV rating as a lawyer and was selected as a Best Lawyer in America in four categories: Commercial Litigation; E-Discovery and Information Management Law; Information Technology Law; and, Employment Law - Management.

Ralph is the proud father of two children, Eva Losey Grossman, and Adam Losey, a lawyer with incredible litigation and cyber expertise (married to another cyber expert lawyer, Catherine Losey), and best of all, husband since 1973 to Molly Friedman Losey, a mental health counselor in Winter Park.