Broker Aon, has agreed to sell its eDiscovery practice to TCDI – a leading provider of legal services, software and cybersecurity.
The acquisition will strengthen and expand TCDI’s eDiscovery capabilities and geographic reach into the UK.
It will also add expansive advisory services such as information and governance to the company’s comprehensive legal solutions.
At the same time, the acquisition will also add Aon’s NOMAD mobile processing platform, PHI/PII detection and post-data-breach support tools to TCDI’s technology suite which will help to further support law firms and corporations.
The transaction is expected to close within the next 30 days. Financial details of the deal were not disclosed.
In a press release it notes that following the close, 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.
“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.”
Bill Johnson, TCDI founder and CEO, added: “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. TCDI and Aon share similar cultures and ideas about how to serve clients and take care of team members.”
In addition, Trivest Partners – a private investment firm that specialises in growth-oriented founder-based businesses, who has partnered with TCDI as a minority investor since early 2020, is also involved in this transaction.
Meanwhile, Aon recently partnered with PayPal Holdings on a digital insurance program.
