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KLDISCOVERY INC A - KLDI STOCK NEWS

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KLDiscovery Inc. (KLDI) is a prominent global provider of technology-enabled services and software solutions that empower law firms, corporations, government agencies, and consumers to tackle complex data challenges. With a workforce of approximately 1,300 employees spread across 43 locations in 19 countries, KLDiscovery has established itself as a leader in eDiscovery, information governance, and data recovery solutions.

For over 30 years, KLDiscovery has been at the forefront of delivering comprehensive services that include data collection and forensic investigation, early case assessment, electronic discovery and data processing, application software, and data hosting for web-based document reviews. The company also offers managed document review services to streamline the litigation and investigative processes.

KLDiscovery's Ontrack division is renowned for its world-class data recovery services, which include email extraction and restoration, data destruction, and tape management. This extensive service portfolio ensures that clients' data is efficiently managed and safeguarded throughout its lifecycle.

The company's recent achievements include numerous successful data recovery operations and the expansion of its global footprint. KLDiscovery continues to invest in cutting-edge technology and innovative solutions to meet the evolving needs of its clients. Financially, the company is stable and consistently delivers value to its stakeholders through strategic partnerships and an unwavering commitment to excellence.

News

KLDiscovery Inc. Announces Fourth Quarter and Full-Year 2023 Financial Results

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KLDiscovery Inc. reports a 9% increase in revenue, a 19% improvement in net loss, a 41% rise in EBITDA, and a 27% increase in Adjusted EBITDA for the fourth quarter of 2023. The company achieved record revenue of $345.8 million for the full year of 2023. Nebula revenue saw a significant 62% growth, contributing 13% to total revenue in 2023.
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KLDiscovery Inc. to Report Fourth Quarter and Full-Year 2023 Financial Results on March 27, 2024; Conference Call 8:30 AM ET March 28, 2024

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KLDiscovery Inc. will announce its fourth quarter and full-year 2023 financial results on March 27, 2024, followed by a conference call on March 28, 2024. Investors can participate in the call by registering online. The audio recording will be available for replay for two weeks.
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KLDiscovery’s eDiscovery Franchise Program Is Now Available in All 50 US States

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KLDiscovery Inc. announces the availability of its eDiscovery Franchise Program in all 50 US states. The program aims to help legal technology entrepreneurs and adjacent businesses establish eDiscovery businesses by leveraging KLDiscovery's technology, business systems, and processes. The program offers low startup costs and the ability to work in-office or remotely, providing a unique opportunity to capture a segment of the US eDiscovery marketplace.
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KLDiscovery Achieves Significant Milestone with Full Integration of All Back-Office and Operational Systems

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KLDiscovery Inc. (KLDI) successfully completes comprehensive consolidation efforts to streamline and optimize its business systems. The company aims to create a highly automated, enriched, and transparent operational environment, focusing on client service and operational excellence.
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Nebula® achieves significant growth across the global eDiscovery landscape

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KLDiscovery Inc. (KLDiscovery) has announced the remarkable success and growth of its flagship eDiscovery product, Nebula®. Key growth metrics include a 100% revenue increase in Q3 2023, 11% customer growth, 20% user expansion, 15% matter growth, and a 35% surge in total data hosted across active Nebula projects. The platform is quickly becoming the platform of choice to address legal, compliance, and investigation needs, with cloud SaaS usage driving its growth.
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KLDiscovery Inc. Completes Acquisition of Cenza Technologies Private Limited

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KLDiscovery Inc. (KLD) announces the acquisition of Cenza Technologies Private Limited, an India-based alternative legal services provider, to strengthen its Managed Document Review and contract lifecycle management offering. The acquisition aims to enhance KLDiscovery's global presence in India and expand its secure managed document review and cyber incident response solutions.
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KLDiscovery Inc. Announces Third Quarter 2023 Financial Results

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KLDiscovery Inc. (KLDiscovery) announced a 6% year-over-year increase in quarterly revenue to $79.3 million for Q3 2023, with a 34% improvement in net loss, a 173% increase in EBITDA, and a 40% increase in Adjusted EBITDA. Nebula revenue also saw a significant 100% increase. The Company's CEO, Christopher Weiler, highlighted the outstanding financial results and a record $260 million in revenue year-to-date.
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KLDiscovery introduces cutting-edge Alerting feature in its Client Portal, once again raising the standards of client support in the eDiscovery legal services industry

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KLDiscovery Inc. has released a new feature in Client Portal that allows clients to manage their legal matters more effectively. The Alerting System provides real-time access to critical KPIs and metrics, customizable alerts, and enhanced control over legal portfolios. Clients can receive proactive notifications on case activity, matter spend, and performance to budget, leading to more efficient and cost-effective legal processes.
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KLDiscovery Inc. to Report Third Quarter 2023 Financial Results on November 8, 2023; Conference Call 8:30 AM ET November 9, 2023

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KLDiscovery Inc. will announce Q3 2023 financial results on November 8, 2023. Conference call to discuss results on November 9, 2023 at 8:30 AM ET. Audio recording available for replay for two weeks.
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KLDiscovery Inc. Announces Agreement to Acquire Cenza Technologies Private Limited to Establish Global Delivery Center in India

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KLDiscovery Inc. has signed a definitive agreement to acquire Cenza Technologies Private Limited, an alternative legal services provider based in India. The acquisition will strengthen KLDiscovery's Managed Document Review and contract lifecycle management offering. KLDiscovery gains a mature India operation and expands its global presence. The acquisition is expected to close in October 2023.
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FAQ

What is the current stock price of KLDISCOVERY A (KLDI)?

The current stock price of KLDISCOVERY A (KLDI) is $0.045 as of November 20, 2024.

What is the market cap of KLDISCOVERY A (KLDI)?

The market cap of KLDISCOVERY A (KLDI) is approximately 64.0M.

What does KLDiscovery Inc. do?

KLDiscovery provides technology-enabled services and software to help law firms, corporations, government agencies, and consumers solve complex data challenges.

How many employees does KLDiscovery have?

KLDiscovery has approximately 1,300 employees.

In how many countries does KLDiscovery operate?

KLDiscovery operates in 19 countries.

What services does KLDiscovery offer?

KLDiscovery offers eDiscovery, data recovery, information governance, data collection, forensic investigation, early case assessment, electronic discovery, data processing, application software, and data hosting for web-based document reviews.

What is Ontrack?

Ontrack is KLDiscovery's division known for world-class data recovery, email extraction and restoration, data destruction, and tape management services.

How long has KLDiscovery been in business?

KLDiscovery has been serving clients for over 30 years.

What industries does KLDiscovery serve?

KLDiscovery serves law firms, corporations, government agencies, and consumers.

What are KLDiscovery's recent achievements?

KLDiscovery's recent achievements include successful data recovery operations and the expansion of its global footprint.

Is KLDiscovery financially stable?

Yes, KLDiscovery is financially stable and consistently delivers value to its stakeholders.

Does KLDiscovery offer managed document review services?

Yes, KLDiscovery offers managed document review services.

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KLDI Stock Data

63.95M
954.42M
1.31%
2.24%
Software - Application
Technology
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United States of America
Eden Prairie