Carlyle-backed tech-enabled data software provider KLD Discovery has picked up new investment from Westview Capital Partners three years after it exited the business to the private equity major.
More capital was also committed by Carlyle and fellow existing backer Revolution Growth, to continue the significant investments the company has made in sales, marketing, and technology since the acquisition of Kroll Ontrack in 2016.
Westview managing partner Rick Williams said, “We are excited to invest in KLDiscovery and have another opportunity to partner with [Chris Weiler]and his team.
“Chris’ vision, innovation and execution produced outstanding performance at LDiscovery and led to a highly successful result in our prior investment.
“With significant scale, a best-in-class technology platform and an unmatched focus on serving its clients, KLD has become the global industry leader in eDiscovery and data recovery.”
KLDiscovery offers data collection and forensic investigation, early case assessment, electronic discovery and data processing, application software and data hosting for web-based document reviews, and managed document review services.
Last month Westview hit a $700m final close for its fourth buyout fundraise. AltAssets reported a month earlier that it had recieved a $75m commitment from the Massachusetts Pension Reserves Investment Management Board.
Westview wrapped up a $430m final close for its third private equity fundraise in 2013.
Copyright © 2018 AltAssets