KLDiscovery Investments Lead to a Record-Breaking Year in 2023

KLDiscovery Inc. (“KLDiscovery” or the “Company”), a global leader in data management, information governance, eDiscovery, and advisory services solutions, proudly announces a landmark year in 2023, characterized by the highest revenue attainment and EBITDA in Company history. Ongoing investments in people, processes, technology, acquisitions, and innovative programs gave rise to this remarkable performance.

In 2023, through strategic foresight and dedication to continuous improvement, the Company’s software saw significant expansion and growth.

• Revenue grew 62% year over year for Nebula, the platform of choice to address legal, compliance, and investigation needs.
• Client Portal, offering business intelligence for greater visibility and control across matters, expanded available metrics and features, providing proactive insights for informed decision making and raising the standards of client support in the legal industry.
• ReadySuite, multipurpose legal software for managing document volumes, production sets, and eDiscovery workflows, added powerful new features and upgrades empowering clients to leverage built-in RSMF collection and conversion tools to view, manage, and validate modern chat data.
• Ontrack Desk Data Recovery Software launched in 2023 empowering customers to recover data from many common data loss situations—including recovering up to 1GB of lost data at no cost.

With continued investments in its operations, KLDiscovery delivered impressive statistics in 2023, showcasing the Company’s reputation as the trusted partner of choice for supporting large and complex matters.

• Processing and Production
  KLDiscovery processed 1.3 petabytes of client data across all supported platforms, setting an all-time Company record for the largest amount of data processed in any given year.

• Production
  KLDiscovery produced 128 million documents / 334 million pages of client data—48% more documents and pages produced than in 2022 thanks to investments made in internal tools allowing for greater efficiency and faster turnaround times.

• Hosting
  Our hosted footprint significantly grew year-over-year, with particularly strong growth from Nebula which increased 32% year-over-year.

• Data Recovery
  Ontrack engineers recovered 17+ petabytes of data in 2023 ranging from single drives and RAID servers to cloud servers and ransomware data recovery.

• Information Security