STOCK TITAN
  1. Home
  2. News
  3. KLDI

KLDiscovery Inc - KLDI STOCK NEWS

Welcome to our dedicated news page for KLDiscovery (Ticker: KLDI), a resource for investors and traders seeking the latest updates and insights on KLDiscovery.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KLDiscovery's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of KLDiscovery's position in the market.

News
KLDiscovery Announces Major Expansion of Capabilities in ReadySuite® 8
Rhea-AI Summary
KLDiscovery announces a major expansion of capabilities in ReadySuite® 8, offering advanced chat connectors, enhanced viewing tools, scripting engine, and chat and RSMF export options. The software aims to streamline the collection and preparation of messaging data for legal document production, empowering clients to manage modern chat data efficiently.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
KLDiscovery Investments Lead to a Record-Breaking Year in 2023
Rhea-AI Summary
KLDiscovery Inc. announces a historic year in 2023 with record revenue and EBITDA, driven by software expansions, client services enhancements, and data management innovations. The Company achieved a 62% revenue growth for Nebula®, introduced new features to ReadySuite®, and launched Ontrack Desk Data Recovery Software. KLDiscovery processed 1.3 petabytes of client data, produced 128 million documents, and expanded its hosted footprint. The Company earned six new information security certifications and launched innovative partner programs. The acquisition of Cenza strengthened KLDiscovery's presence in the legal AI-driven solutions market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
KLDiscovery Inc. Announces Fourth Quarter and Full-Year 2023 Financial Results
Rhea-AI Summary
KLDiscovery Inc. reports a 9% increase in revenue, a 19% improvement in net loss, a 41% rise in EBITDA, and a 27% increase in Adjusted EBITDA for the fourth quarter of 2023. The company achieved record revenue of $345.8 million for the full year of 2023. Nebula revenue saw a significant 62% growth, contributing 13% to total revenue in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
News
KLDiscovery Inc. to Report Fourth Quarter and Full-Year 2023 Financial Results on March 27, 2024; Conference Call 8:30 AM ET March 28, 2024
Rhea-AI Summary
KLDiscovery Inc. will announce its fourth quarter and full-year 2023 financial results on March 27, 2024, followed by a conference call on March 28, 2024. Investors can participate in the call by registering online. The audio recording will be available for replay for two weeks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
Tags
conferences earnings
-
News
KLDiscovery’s eDiscovery Franchise Program Is Now Available in All 50 US States
Rhea-AI Summary
KLDiscovery Inc. announces the availability of its eDiscovery Franchise Program in all 50 US states. The program aims to help legal technology entrepreneurs and adjacent businesses establish eDiscovery businesses by leveraging KLDiscovery's technology, business systems, and processes. The program offers low startup costs and the ability to work in-office or remotely, providing a unique opportunity to capture a segment of the US eDiscovery marketplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
KLDiscovery Achieves Significant Milestone with Full Integration of All Back-Office and Operational Systems
Rhea-AI Summary
KLDiscovery Inc. (KLDI) successfully completes comprehensive consolidation efforts to streamline and optimize its business systems. The company aims to create a highly automated, enriched, and transparent operational environment, focusing on client service and operational excellence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-36.36%
Tags
none
News
Nebula® achieves significant growth across the global eDiscovery landscape
Rhea-AI Summary
KLDiscovery Inc. (KLDiscovery) has announced the remarkable success and growth of its flagship eDiscovery product, Nebula®. Key growth metrics include a 100% revenue increase in Q3 2023, 11% customer growth, 20% user expansion, 15% matter growth, and a 35% surge in total data hosted across active Nebula projects. The platform is quickly becoming the platform of choice to address legal, compliance, and investigation needs, with cloud SaaS usage driving its growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.74%
Tags
none
-
News
KLDiscovery Inc. Completes Acquisition of Cenza Technologies Private Limited
Rhea-AI Summary
KLDiscovery Inc. (KLD) announces the acquisition of Cenza Technologies Private Limited, an India-based alternative legal services provider, to strengthen its Managed Document Review and contract lifecycle management offering. The acquisition aims to enhance KLDiscovery's global presence in India and expand its secure managed document review and cyber incident response solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.09%
Tags
acquisition
-
News
KLDiscovery Inc. Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
KLDiscovery Inc. (KLDiscovery) announced a 6% year-over-year increase in quarterly revenue to $79.3 million for Q3 2023, with a 34% improvement in net loss, a 173% increase in EBITDA, and a 40% increase in Adjusted EBITDA. Nebula revenue also saw a significant 100% increase. The Company's CEO, Christopher Weiler, highlighted the outstanding financial results and a record $260 million in revenue year-to-date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-40.74%
Tags
earnings
News
KLDiscovery introduces cutting-edge Alerting feature in its Client Portal, once again raising the standards of client support in the eDiscovery legal services industry
Rhea-AI Summary
KLDiscovery Inc. has released a new feature in Client Portal that allows clients to manage their legal matters more effectively. The Alerting System provides real-time access to critical KPIs and metrics, customizable alerts, and enhanced control over legal portfolios. Clients can receive proactive notifications on case activity, matter spend, and performance to budget, leading to more efficient and cost-effective legal processes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
none
Stock KLDI logo
KLDiscovery Inc

OTC:KLDI

KLDI Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

KLDI Stock Data

9.48M
11.78M
29.82%
58.49%
Software Publishers
Information
Link
US
Mclean

About KLDI

kldiscovery provides technology-enabled services and software to help law firms, corporations, government agencies and consumers solve complex data challenges. the company, with approximately 1,300 employees in 43 locations across 19 countries, is a global leader in delivering best-in-class ediscovery, information governance and data recovery solutions to support the litigation, regulatory compliance, internal investigation and data recovery and management needs of our clients. serving clients for over 30 years, 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. in addition, through its global ontrack business, kldiscovery delivers world-class data recovery, email extraction and restoration, data destruction and tape management.