(Note: KLDiscovery Inc. withdrew its plans for a public offering – in connection with its plan for an uplisting from the OTC Pink Market to an unspecified exchange – in an SEC filing dated Sept. 6, 2022. KLDiscovery Inc. filed its S-1 for the public offering/uplisting on Nov. 23, 2021. The S-1 did not disclose a proposed symbol. On Nov. 22, 2021, the last reported sale price of KLDiscovery’s stock – traded on the OTC Pink Market under the symbol “KLDI” – was $6.00 per share, the prospectus says.)
We solve complex legal, regulatory and data challenges for our clients around the world by leveraging our proprietary software and innovative technology-based solutions.
We are a leading global provider of eDiscovery, information governance and data recovery solutions to corporations, law firms, insurance companies and individuals in 19 countries around the world. Our integrated, proprietary technology solutions enable clients to efficiently and accurately collect, process, transmit, review and / or recover complex and large-scale enterprise data. In conjunction with our proprietary technology, we provide immediate expert consultation and 24/7/365 support worldwide, empowering us to be a “first-call” partner for mission-critical, time-sensitive, and nuanced eDiscovery and data recovery challenges. We leverage our proprietary technology solutions and extensive industry expertise to provide a more reliable, secure, and seamless experience for our clients when tackling “big data” volume, velocity, and veracity challenges. We have decades of experience designing, building, and developing innovative technology solutions that evolve with the needs of our clients.
A key example of our purpose-built innovation is Nebula, our flagship, end-to-end artificial intelligence/machine learning, or AI / ML, powered solution that serves as a singular platform of engagement for legal and other types of data. We also offer clients the optionality they desire—KLDiscovery-developed or externally-developed software and cloud-based or a number of different on-premise data storage options.
Since Oct.1, 2019, we have provided services to a highly diverse base of more than 5,400 Legal Technology clients. Our legal technology clients include both law firms and corporations serving many industry sectors, including finance and banking, pharmaceutical and biotechnology, technology, insurance, and real estate. Our data recovery clients include corporations and individuals that need to recover and access data. Our loyal client base includes 98% of the highest-grossing law firms in the United States as ranked by American Lawyer, known as the AM Law 100, as well as 64% of Fortune 500 companies, as of Dec. 31, 2020. We have longstanding relationships with many of our clients. For example, the average length of our relationships with our top 25 clients based on revenue for the 12 months ended Sept. 30, 2021, is approximately 14 years. We believe our commitment to being a “first-call” provider for our clients’ largest and most complex cases has helped drive significant revenues from larger and more complex matters, with Legal Technology matters generating over $100,000 and $500,000 in revenue representing 73% and 42%, respectively, of our Legal Technology revenue during the nine months ended Sept. 30, 2021.
**Note: For the nine months ended Sept. 30, 2021, revenue was $238.2 million and the net loss was $53.3 million, the prospectus says.
|Industry:||SERVICES-PREPACKAGED SOFTWARE - Legal discovery|
|Address||8201 Greensboro Dr. Suite 300 McLean, VA 22102|
|Phone Number||(703) 288-3380|
|View Prospectus:||KLDiscovery Inc.|
|Revenues||$238.2 mil (last 12 months)|
|Net Income||$-53.3 mil (last 12 months)|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$100.0 mil|
|Manager / Joint Managers||J.P.Morgan/ BofA Securities|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|