CNDT - Conduent jumps on integrating Congruity's 360 technology into its eDiscovery legal platform

Conduent (CNDT) announces exclusive partnership with Congruity 360 to integrate advanced legal and compliance technologies in its Viewpoint eDiscovery software platform.The development will see the use of artificial intelligence, machine learning and cloud technology to streamline the eDiscovery process through identification to review and production of legal matters."The integration of Hold360, along with significant enhancements to the Viewpoint platform, gives corporate legal teams a complete eDiscovery workflow to help them quickly adapt to the new realities of global operations, shrinking budgets, and remote teams," says Beth Fritts, General Manager, Legal, Compliance and Analytics Solutions, at Conduent.Stock up 4% premarket."On a forward EV/EBITDA basis, a $10 target price would represent a multiple of 7.5x, which is still cheaper than CNDT's peak EV/EBITDA multiple of 8.5x (Feb 2019) over the last 5 years. Buy CNDT," writes The Alpha Sieve on Seeking Alpha.

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Conduent jumps on integrating Congruity's 360 technology into its eDiscovery legal platform