Exterro, a leading provider of legal governance, risk and compliance (GRC) software, today announced it 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, including 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.
Divebell’s data discovery engine has been designed from the ground up to apply advanced statistical and machine learning techniques that analyze large volumes of data in a fast, efficient, extensible manner to help companies use AI responsibly. Exterro will immediately begin to incorporate its own responsible AI capabilities into Divebell’s data discovery solution, enabling customers to more quickly, inexpensively, and defensibly meet their compliance and legal obligations.
The acquisition builds off 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. Examples of use cases where Exterro customers will benefit from this acquisition include cross border data discovery, structured data search, data map for e-discovery, legal hold indicators, compliance with privacy regulations, data retention/record retention compliance, data security posture management (DSPM), and breach response.
Bobby Balachandran, Founder and CEO, Exterro
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. 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.
Vikram Shrowty, CEO and Co-Founder, Divebell
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. 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.
Shekar Raman, CEO, Birdzi, a Divebell customer
In a world where data breaches and privacy issues are on the rise, partnering with Divebell has been one of our most strategic and beneficial decisions, as they have helped us stay updated and compliant with evolving privacy laws.
