Relativity, a global legal and compliance technology company, has acquired Text IQ, a tech company applying artificial intelligence to identify sensitive data.
Text IQ leverages unsupervised machine learning, graphical modeling, social network analysis, natural language processing and deep learning to create AI solutions for the global enterprises to manage and mitigate risks in enterprise data.
“We’re merely scratching the surface of what the application of AI to our industry can mean. Our customers recognize that while AI offers immense possibility, it must be thoughtfully designed and applied to address use cases that yield specific business outcomes,” said Mike Gamson, chief executive officer at Relativity. “We know that Text IQ’s proven technology, coupled with its incredible team of talented professionals, will be a wonderful addition to Relativity and help us deliver even more value to our customers.”
“Most of the industry’s legal and compliance data already live within the Relativity ecosystem, which adds to our excitement around increasing Relativity’s customers’ access to our AI models,” said Apoorv Agarwal, co-founder and chief executive officer at Text IQ. “The fusion of our companies and technology will deliver on the promise of AI in a way that our industry has yet to experience all while ensuring that ethical and unbiased AI is at the core of everything that we do.”
“The timelines for breach response are oftentimes more challenging to deal with than anything you’d see in litigation. A complete response is a substantial manual effort that’s very prone to error,” said Rick Lutkus, partner, privacy and cybersecurity at Seyfarth Shaw. “Text IQ changes that, allowing us to take on more work and deliver better outcomes for our clients.”
“As the first certified Text IQ partner, we’ve seen their technology, which uniquely combines machine learning and social network analysis, drive measurable quality and consistency on matters,” said Julia Hasenzahl, CEO at ProSearch. “As a company that is always pursuing portfolio level solutions, we are excited about this acquisition as it sets the stage for Text IQ integration across all client matters within Relativity.”