
McLean, Virginia-based KLDiscovery (KLD), provider of electronic discovery and data recovery services to large corporations and law firms, has merged with publicly traded investment company Pivotal Acquisition. The deal was valued at $800 million, KLD reported when it first announced the potential merger last May.
The combined company holds the KLD name. Due to Pivotal’s previous status, KLD is now a public company.
KLD CEO Chris Weiler and CFO Dawn Wilson continue to run the company while former General Motors CEO, Dan Akerson, took over as the combined company’s chairman. Pivotal Chairman and CEO Jonathan Ledecky remains on the board serving as vice chairman.
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