Tuesday, December 5, 2023

Nebula® achieves significant growth across the global eDiscovery landscape.

Rapid cloud adoption following years of investments into product enhancements, infrastructure, and AI are translating into stellar financial results as more customers choose the Nebula® eDiscovery platform over competing options.

EDEN PRAIRIE, Mn. – December 5, 2023 – KLDiscovery Inc. (“KLDiscovery”), a leading global provider of technology solutions for electronic discovery, information governance, and data management, announced today the remarkable success and growth of its flagship eDiscovery product, Nebula®. Unwavering investment and customer focus continue to drive major product advancements and increasing adoption within the legal community.

Nebula Key Growth Metrics Q3 2022 to Q3 2023 (as of September 30, 2023):

• Customer Growth: The number of customers relying on Nebula for legal and compliance matters has increased 11% to 1,682.
• User Expansion: The user base has grown 20% with 4,892 users actively utilizing Nebula worldwide.
• Matter Growth: The number of active Nebula matters has increased 15%, reaching a new milestone of 1,338 concurrent projects.
• Data Hosting: Total data hosted across active Nebula projects surged 35% to over 500TB globally.

This remarkable growth has translated to stellar financial performance. Nebula's revenue has increased by 100% in the third quarter of 2023, showcasing its financial strength and market competitiveness. September year-to-date Nebula revenue has seen a 57% increase year-over-year, further highlighting the platform’s sustained success and client trust.

"Nebula’s soaring adoption levels deliver a clear and undeniable message to the legal community: Nebula is quickly becoming the platform of choice to address legal, compliance, and investigation needs,” said Chris Weiler, CEO of KLDiscovery. “For matters large and small, and for practically any use-case, Nebula solves common data challenges with practicality, efficiency, and accuracy."

Available both as a SaaS solution and as a maintenance-free rackmount appliance, Nebula can be utilized by any type of eDiscovery customer, in nearly any geography. Cloud SaaS usage has been the driving force behind Nebula's growth, accounting for the majority of all new engagements.

Nebula epitomizes the modern, cloud-native application boasting the latest in artificial intelligence and machine learning. KLDiscovery’s software development and data science teams have incorporated state-of-the-art technology throughout Nebula to enhance efficiencies, streamline user experiences, and drive favorable outcomes.

Explore Nebula and learn more about its transformative impact on the legal industry at https://www.ediscovery.com.

Microsoft Azure is a trademark of the Microsoft group of companies.