Relativity’s Acquisition of Text IQ

Wilson Sonsini Goodrich & Rosati advised Relativity on the deal.

Relativity, a global legal and compliance technology company, announced that it has acquired Text IQ, a Top 100 AI company applying artificial intelligence (AI) to identify sensitive data.

Text IQ leverages the latest in unsupervised machine learning, graphical modeling, social network analysis, natural language processing, and deep learning to create AI solutions for the world’s largest enterprises to manage and mitigate risks in enterprise data. Text IQ’s AI helps to lower the cost and risk of legal privilege review, speed up and increase the accuracy of data breach response workflows, and quickly identify and manage personally identifiable information which are often associated with Global Data Protection Regulation and Data Subject Access Requests.

Relativity’s global network of partners that provide project-based support and managed services, including world-class consulting, data management, legal, compliance and consulting services will greatly benefit from this acquisition. Offering Text IQ to Relativity’s partner community will provide them with an even stronger AI toolset to deliver more value across the e-discovery lifecycle and solve a wider array of data challenges for their customers.

The acquisition follows an announcement in March of this year that Silver Lake, a global leader in technology investing, had made a substantial minority investment in Relativity to help the company accelerate growth, innovation, and technology differentiation.

The Wilson Sonsini team that advised Text IQ on the transaction included: Rich Mullen (Picture), Ross Tanaka, Abby Prithivi, Ryan Cooper, Scott McKinney, Barclay Oudersluys, Sarah delos Santos, Matt Staples, Daniel Chen, Erin Soyoung Park, Myra Sutanto Shen, Trent McKenzie, Michelle Wallin, Michael Klippert, Rebecca Stuart and Heather Diles.

Involved fees earner: Daniel Chen – Wilson Sonsini Goodrich & Rosati; Ryan Cooper – Wilson Sonsini Goodrich & Rosati; Sarah delos Santos – Wilson Sonsini Goodrich & Rosati; Heather Diles – Wilson Sonsini Goodrich & Rosati; Michael Klippert – Wilson Sonsini Goodrich & Rosati; Trent McKenzie – Wilson Sonsini Goodrich & Rosati; Scott McKinney – Wilson Sonsini Goodrich & Rosati; Rich Mullen – Wilson Sonsini Goodrich & Rosati; Barclay Oudersluys – Wilson Sonsini Goodrich & Rosati; Erin Soyoung Park – Wilson Sonsini Goodrich & Rosati; Matthew Staples – Wilson Sonsini Goodrich & Rosati; Rebecca Stuart – Wilson Sonsini Goodrich & Rosati; Myra Sutanto Shen – Wilson Sonsini Goodrich & Rosati; Ross Tanaka – Wilson Sonsini Goodrich & Rosati; Michelle Wallin – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Text IQ;

Author: Martina Bellini