us Thank Chris the Financial you thank Dawn, for for co-founder of name all and XXXX CEO you, Second KLDiscovery's Weiler, Quarter Results joining My and Call. I'm Conference today is and KLDiscovery.
delivering and As global always, and I'm and to to solutions dedication continued work our base. for our bringing vision client industry-leading hard grateful our life innovative to stellar their strategic to team entire service
with $XX.X of data total revenue million. second revenue ability legal Our million financial reported of meaningful quarter $X.X year-to-date XXXX. to revenues generate $XX of recovery We million revenue technology the KLDiscovery's demonstrate and results of for
XXXX, legal our and we XX, matters Nebula. platform, technology June under matters X,XXX of As flagship eDiscovery X,XXX had
of of X,XXX, year-over-year. number clients approximately up Importantly, and number X% to the X.X% legal the technology of June XX, clients increased Nebula increased X,XXX XXXX, up our year-over-year, as to
we of important of and opportunities. believe to record number our base, utilizing an growth growing penetration, increasing that market the clients, track our and of indicator ability continue our client future is strong a have our We business our solutions our
months XXXX, XX, net We of the adoption. offer enhance revenue the our our retention For subscription-based legal range revenue June boosting by and net was further product to solutions of number drive XX to technology the aim expanding robust Nebula our we XX%. products ended
As in are financial we the KLDiscovery's of quarter, transaction announced we decreasing long-term a significantly that will by finalizing process milestone its debt. strengthen last position
stronger serve model believe we expected and growth Additionally, the to in market-leading our will capital focus following structure on underpin our investment solutions. transaction the client
on July recently, term our and largest X, agreement convertible holders. a Most revolving holders, loan shareholder exchange into entered lenders, debenture agreement with credit support facility hold XXXX, debenture our an convertible with lender transaction and we
sign transaction continued and facility and the Importantly, our shareholder support of prospects loan strategy. of our our debenture strong the documents holders, revolving term who credit lender reflects confident these in are business largest lenders,
The third transaction to close of the is in quarter XXXX. expected
performance. to Nebula, element financial platform, shine continues a and become of eDiscovery foundational flagship has our Our
attracting XX% Nebula by Nebula results with responsible million second quarter the of using the an virtually legal in delivered KLDiscovery. expanding more engagements. are than customers XXXX across and has all of revenue also exceptional been $X.X which existing the Nebula an Our for ever, platform technology of platform to incremental processing includes up customers new influx year-over-year, use
experience even platform. volumes through time on eDiscovery than results utilization lines users the challenges and alongside ease financial strong were the model requirements The evidenced data focused both for increased steady solutions legal legal Nebula regulatory and savviest as on ever by Nebula's is creates and success of of practical is a constrained reliability. overwhelming to and tools The complex more data of secret balancing and complex primarily use, can practitioners. be simple. growth by powerful platform active driven user
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and laser-focused community. revolutionary in and possible, we Nebula manner user-friendly needs Nebula second meeting a expect product engagements footprint offering date KLDiscovery's large-scale begin We've increase efficient with its confident will and are of is DOJ and workflow the bench in Nebula QX, professionals regulatory leveraging complex other experienced most that on and the for had to to the late tremendous like Nebula in that legal deep success engagements of FTC request for these
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within expect our professionals this introducing demand meet we seeking amongst now are for believe, medical their high Nebula leveraging needs. legal record into and purpose-built to to see on. equation, are challenges who, AI-driven We these desperately solutions head the solutions to honing plan developing and We better Nebula offering continue
KPIs highlight relative portal. I of case rely topic and to clients project-to-date innovation, manage on EDRM, metrics proactive KLDiscovery. to the clients On access allows and with budget critical up-to-date like of across as solution our on as the overall metrics in our including cost progress to period of well host engagements innovative to their a moment work financial reporting current to a that and portfolio spending other and would This take our client the alerting critical
In the make by client requested to third on portal, customers. automatically highly invoices of which XXXX, the available we our has expect been quarter
Finally, continue aggressively franchise market we will our one-of-a-kind offering. to
the been to to response more the expected and of position market's our grow business. offering far, plan to and capital significantly restructuring this we this even have particularly strengthened transaction, closing by encouraged existing entrepreneurs supported their qualified by venture so start financial resulting of offering bring franchise adjacent next We among to our to aspect from our individuals a businesses seasoned operating looking eDiscovery,
are innovation our clients dynamic centered come company's Overall, and have strategy. of service our that they we exceptionally discuss from with focus remains today only forward growth high avenues to squarely expect quality of and pushing part the levels The on our KLD.
as expand quarter, better We This subscription-based Nebula trajectory. adoption the utilization continue us our revenue these initiatives serve and strides believe solutions. to enhance our we strategic and of efforts made core we in to clients growth our significant our positioned have
strong the is ahead, our positive value for vision Looking response of solutions. success reinvigorated position for and the reflects poised which We've KLDiscovery continued from the our market by with clients, clear future. our continued a
our to forward. resilient deliver expected and objectives seasoned believe global vision. our Coupled reinforced than on our with financial to Our execute well post-transaction more we strategy is we ever the and drive equipped team, foundation, motivated are
remain and enhance our reach growth our confident achieve enable opportunities capitalize effectively to evolving shareholder our and navigate the We're us technology We global approach goals. platform long-term value. robust to that committed will on leveraging landscape to and eDiscovery
over call our the to turn now will I Dawn CFO, Wilson.
