Spire Capital will acquire a minority stake in Lighthouse eDiscovery, a provider of technology-enabled eDiscovery solutions. No financial terms were disclosed. In addition to this investment, Andy Armstrong, one of Spire’s co-founders, has been appointed chairman of Lighthouse’s board of directors while Sean White, a partner at Spire, has also been added to the board.
February 12, 2015 09:00 AM Eastern Standard Time
NEW YORK–(BUSINESS WIRE)–Lighthouse eDiscovery, a leader in technology-enabled eDiscovery services, today announced that the company has selected one of the preeminent private equity firms in the world as its investment partner, Spire Capital. Spire has supported several companies in diverse industry sectors by facilitating growth, guiding strategic direction and enabling those firms to reach their specific business goals.
Spire Capital is a well-known New York based private equity investor that partners with growing businesses and assists with sales growth, geographic expansion and technology development in order for their companies to take market-leading positions. Spire Capital will take a minority equity position in Lighthouse with this investment. Lighthouse will use Spire’s financial investment to build out an East Coast operations center and geographically-redundant data center, and to expand into Europe.
“With Spire Capital’s assistance, Lighthouse plans to expand to new sectors that will allow us to reach an entirely new customer base and achieve a global reach,” said Brian McManus, CEO, Lighthouse eDiscovery. “This advancement will provide Lighthouse with the opportunity to establish new markets, expand upon our current set of services and build our brand globally.”
Andy Armstrong, one of Spire’s co-founders, will be Chairman of Lighthouse’s Board of Directors, and Sean White, Partner at Spire Capital, will also join Lighthouse’s Board. The combined addition to the Board will support the company’s expansion goals and competitive positioning in eDiscovery services and consulting.
“As we surveyed the market, Lighthouse emerged as a leader and innovator in the eDiscovery field, helping its corporate clients efficiently manage the eDiscovery process with its unique applications and services, and also control downstream review costs with managed review firms and outside counsel,” said Andy Armstrong, co-founder of Spire Capital. “We are aware that the eDiscovery industry is rapidly changing, particularly in the US and Europe, and we look forward to working with Brian and his management team as they continue to lead change in this industry.”
This new partnership will allow Lighthouse to gain solid footholds in new regions and ultimately make a more significant impact on the eDiscovery industry worldwide. For more information, please contact firstname.lastname@example.org.
About Lighthouse eDiscovery
Lighthouse eDiscovery guides clients through every aspect of eDiscovery, from the simplest projects to the most complex, risky matters. Our experienced, dedicated client teams deliver with high velocity, unparalleled quality, and a pragmatic focus on lowering overall eDiscovery costs. We develop highly innovative applications built on leading third-party technology, making it more effective and easier to use, and we custom-engineer solutions to specific client requirements. Our client-aligned approach has enabled us to form long-term relationships with many of the world’s leading corporations and top law firms who rely on Lighthouse to meet all of their eDiscovery needs. For more information, visit www.lhediscovery.com.
About Spire Capital
Spire Capital (https://www.spirecapital.com/) is an active and experienced private equity firm with an investment focus in small market companies within the business services, information services, education, media and communications sectors. Spire Capital was founded on the principle of partnering with management teams and founders to help effectuate the next stage of growth for their companies. Spire professionals have a broad array of past offerings, investing and advisory experiences to work alongside our portfolio companies to facilitate growth, guide strategic direction and enable them in reaching their business goals. Spire Capital is a New York-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Market conditions can vary widely over time and past performance does not guarantee future results.