VRA Advises Business Intelligence Associates on its Strategic Sale to HaystackID
VRA Partners is pleased to announce that Business Intelligence Associates ("BIA" or the "Company") has completed a strategic sale to HaystackID. VRA Partners acted as the exclusive financial advisor to BIA.
"VRA helped us negotiate the right deal with the right buyer. Their experience was critical in allowing us to navigate the many nuances of the transaction. We are very pleased with the outcome and excited for the Company's future," said BIA CEO Brian Schrader, Esq.
As an industry pioneer, BIA continues to set the standard for reliable, innovative and cost-effective eDiscovery services. Its customer-first focus has resulted in countless innovations copied widely across the industry today. From technical innovations like truly remote data collections and the first cloud-based, end-to-end eDiscovery platform to service revolutions like reusing data and coding across matters and hiring dedicated, full-time employees for document review, BIA consistently stands at the leading edge of the industry. Founded by legal and technology professionals, BIA provides the entire spectrum of eDiscovery services - including attorney document review - with minimal disruption to its clients' daily business operations.
HaystackID is a specialized eDiscovery services firm that helps corporations and law firms securely find, understand and learn from data when facing complex, data-intensive investigations and litigation. HaystackID mobilizes industry-leading cyber discovery services, enterprise solutions and legal discovery offerings to serve more than 500 of the world's leading corporations and law firms in North America and Europe. Serving nearly half of the Fortune 100, HaystackID is an alternative cyber and legal services provider that combines expertise and technical excellence with a culture of white-glove customer service.
The acquisition of BIA will be HaystackID's fifth major investment event since April 2018. It displays Haystack's continued efforts to develop an international platform in the eDiscovery services space. This addition allows HaystackID to strengthen its position for continued growth in cyber discovery / incident response, privacy / compliance, information governance and enterprise managed solutions. Additionally, HaystackID's support from Quad-C Management will provide the necessary resources to better serve the larger corporate clients of BIA.
VRA helped us negotiate the right deal with the right buyer. Their experience was critical in allowing us to navigate the many nuances of the transaction. We are very pleased with the outcome and excited for the Company's future.
Interested in learning more?
Chris Reilly, Director - Originations