TCDI Signs Agreement to Acquire Aon’s Ediscovery Practice

Rhea-AI Summary

TCDI has announced its acquisition of Aon’s eDiscovery practice, aimed at enhancing its capabilities in legal services and expanding its geographic reach into the UK. This acquisition will integrate Aon’s mobile processing platform and data tools into TCDI’s offerings, promising to elevate its service for law firms and corporations. The deal, expected to close within 30 days, will strengthen TCDI's advisory services and further support its growth strategy. TCDI's founder emphasized the alignment of cultures between the two companies for better client service.

Positive

• Acquisition enhances TCDI's eDiscovery capabilities and geographic reach.
• Integration of Aon's NOMAD mobile processing platform and data breach support tools.
• Strengthens TCDI's advisory services in information governance.
• Expected to close in 30 days, fostering prompt service delivery.

Negative

• None.

The transaction will expand TCDI’s eDiscovery capabilities and geographic reach into the UK

GREENSBORO, N.C.--(BUSINESS WIRE)-- TCDI, a leading provider of legal services, software and cybersecurity, today announced it has signed a definitive agreement to acquire global professional services firm Aon’s eDiscovery practice.

The acquisition will strengthen TCDI's existing eDiscovery offerings, adding expansive advisory services such as information governance to its comprehensive legal solutions. The acquisition will add Aon's NOMAD mobile processing platform, PHI/PII detection and post-data-breach support tools to the TCDI technology suite to further support law firms and corporations.

“For 30 years, we’ve steadily built upon our innovative, client-driven technology, and this move supports our strategy to meet our clients’ expectation to increase our expertise and technology as the markets change,” said TCDI Founder and CEO Bill Johnson. “TCDI and Aon share similar cultures and ideas about how to serve clients and take care of team members.”

“We recognize the strength and significant contributions of Aon’s eDiscovery colleagues and know they have a positive future at TCDI focused on growth,” said Aon’s Global Cyber Leader and CEO of Cyber Solutions for North America Christian Hoffman. “Aon’s leading cyber solutions business will continue to focus on solving clients’ complex cyber challenges, while establishing strong commercial relationships to deliver supplementary services at scale.”

Following close – which is expected in the next 30 days – Aon and TCDI will maintain a strong commercial relationship to support ongoing and future client engagements and Aon’s broader cyber solutions will continue to enhance client delivery and support.

Trivest Partners, a private investment firm specializing in growth-oriented founder-based businesses, has partnered with TCDI as a minority investor since early 2020 and is involved in this transaction.

About TCDI

TCDI is a leading provider of eDiscovery, litigation management, forensics, cybersecurity and document review services. The company provides a range of user-oriented solutions that include proprietary software (CV Suite), specialized teams of cybersecurity experts, dedicated support teams and scalable document review teams, including TCDI’s Military Spouse Managed Review program. More at www.tcdi.com.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. Follow Aon on Twitter and LinkedIn. Visit the Aon Newsroom and sign up for News Alerts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005184/en/

TCDI – Elizabeth Wagoner, 336-655-9959, e_wagoner@tcdi.com

Aon – Nadine Youssef, +1 833 751 8114, mediainquiries@aon.com

Source: TCDI

FAQ

What is the purpose of TCDI acquiring Aon's eDiscovery practice?

The acquisition aims to enhance TCDI's eDiscovery capabilities and expand its service offerings in the UK.

What technologies will TCDI gain from Aon’s eDiscovery practice?

TCDI will gain Aon's NOMAD mobile processing platform and tools for detecting PHI/PII and post-data-breach support.

When is the acquisition of Aon’s eDiscovery practice expected to close?

The acquisition is expected to close within the next 30 days.

How will this acquisition impact TCDI's service delivery?

The acquisition is expected to strengthen TCDI's advisory services and improve service delivery for law firms and corporations.

Will Aon's cyber solutions unit remain operational after the acquisition?

Yes, Aon's cyber solutions business will continue to operate, focusing on solving clients' complex cyber challenges.