AccessData Group, Inc.

AccessData Group, Inc. specializes in digital forensics and e-discovery solutions, providing comprehensive software tools to assist organizations in managing data risks and ensuring compliance across various industries. AccessData Group, Inc. is known for its expertise in digital forensics and e-discovery, enabling clients to efficiently navigate complex data challenges.

Founded in 1987 in Orem, US, the company was acquired by Exterro, Inc. in December 2020. Under the leadership of CEO Ken Naumann, AccessData has focused on expanding its product offerings and enhancing its market presence. The firm has conducted 2 notable deals, with the most recent in December 2020.

AccessData has successfully raised a total of USD 45. 00 mn through its latest funding round, labeled as Growth, with participation from Sorenson Capital. AccessData offers a suite of software solutions focused on managing data risks, including e-discovery, data privacy, cybersecurity compliance, and digital forensics. Their key offerings feature an integrated platform that supports legal hold management, automated data mapping, and tools for mobile data collection, catering to in-house legal teams, law firms, and law enforcement agencies.

AccessData generates revenue through a subscription-based model, allowing clients continuous access to its software solutions. The firm's revenue streams benefit from partnerships with law firms and corporate legal departments, reinforcing the adoption of products like the FTK Forensic Toolkit, which secures long-term contracts for ongoing data management and compliance support. AccessData Group aims to enhance its product line with new software tools focused on e-discovery and compliance, although specific release dates have yet to be announced. The company plans to expand its market reach into Europe and Asia by the end of 2023.

The recent funding of USD 45. 00 mn will support these growth initiatives, including product development and market expansion efforts.