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Synopsis
Leeds Equity-backed Exterro, a provider of legal governance, risk and compliance software, completed the acquisition of Divebell, a data discovery SaaS solution. Financial terms were not disclosed. "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," Vikram Shrowty, Divebell CEO and co-founder.
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