Portland-area software makers to merge, creating 730-employee company

Exterro has a platform aimed legal governance, risk and compliance, and Zapproved has a platform for e-discovery used by more than 350 corporate legal teams.

PORTLAND, Ore. — Beaverton software maker Exterro has acquired e-discovery software business Zapproved in a move that brings two complementary businesses together.

Terms of the deal were not disclosed, however, Exterro’s main investor Leeds Equity Partners and Zapproved’s investors K1 Management and Vista Equity Partners will all have stakes in the newly combined company.

The two companies have complementary offerings. Exterro has a platform aimed legal governance, risk and compliance, and Zapproved has a platform for e-discovery used by

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