Demand for innovative cloud-based solutions and productized legal services fuels DISCO’s growth as legal organizations embrace digital transformation
AUSTIN — November 18, 2020 — Legal technology leader DISCO today announced its inclusion on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America, now in its 26th year.
With a growth rate of 662% from 2016 to 2019 placing it at #181 on the list, this is DISCO’s second consecutive year on the Technology Fast 500. Overall, listed companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%.
“We are honored to once again be included in the Deloitte Technology Fast 500. Our continued growth demonstrates that DISCO is driving the legal technology revolution, as corporate legal organizations and law firms are embracing cloud-based technology that enables them to achieve better outcomes,” said DISCO CEO Kiwi Camara. “Lawyers are demanding technology designed and built for their unique ways of working, and DISCO is not only meeting that need, but also showing how innovative technology can transform the practice of law.”
DISCO recently raised $60 million in equity financing with a company valuation of $785 million, demonstrating investor confidence in legaltech as a category of enterprise cloud computing. DISCO was also the only ediscovery company recognized on the prestigious 2020 Forbes Cloud 100, further differentiating the company’s innovative cloud-native solutions from the competition.
DISCO is a legal technology company that applies artificial intelligence and cloud computing to legal problems to help lawyers and legal teams improve legal outcomes for their clients. Corporate legal departments, law firms, and government agencies around the world use DISCO for ediscovery, case management, compliance, disputes, and investigations. For more information, visit www.csdisco.com.
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
DISCO Public Relations