Tuesday, February 7, 2012
Guidance Software Acquires CaseCentral
Pasadena-based Guidance Software, which develops digital forensics and e-discovery software, said Tuesday afternoon that it has signed a definitive agreement to acquire CaseCentral, a developer of electronic discovery software. Guidance Software said it will pay $17.1M for CaseCentral, with up to $33M in earn out. The deal is split between $8.3M in cash and $8.3M in Guidance Software common stock. Guidance Software said it expects to add approximately $10M in software-as-a-service revenues from the acquisition in 2012. The acquisition brings the total number of employees at Guidance Software to nearly 500. CaseCentral was based in San Francisco. Guidance said it was represented in the acquisition by Atlas Technology Group.