"The legal sector is finally starting to embrace innovation, and we expect that the current demand for cloud-based solutions and productized legal services will continue to increase. Opening an office in India is a strategic move that we believe will enable DISCO to accelerate growth. This office will also allow DISCO to tap into a new global pool of diverse professionals who share the vision of transforming the legal industry through advanced software and cutting-edge technology," said Krishna Srinivasan, Chair of the Board of Directors and Director at DISCO.
DISCO's India employees will join a global workforce of approximately 600 DISCOvians, and the new office will be driven by the same values the company has become known for. This includes encouraging diversity and inclusion, and creating an environment that promotes personal and professional growth and fosters creativity and innovation.
"India has become a major technology talent hub and our expansion is not just a geographic move, but a strategic one that aligns with our goal of building a strong and diverse global team. DISCO is committed to optimizing and engaging talent from around the world, as well as creating an environment that values and celebrates our collective differences. We are excited to welcome our new colleagues at DISCO India, who we know will be invaluable to our future success," said Jignasha Amin Grooms, Executive Vice President and CHRO.
About DISCO
CS Disco, Inc. (NYSE: LAW) provides a cloud-native, artificial intelligence-powered legal solution that simplifies ediscovery, legal document review and case management for enterprises, law firms, legal services providers and governments. Our scalable, integrated solution enables legal departments to easily collect, process and review enterprise data that is relevant or potentially relevant to legal matters.
For more information, visit www.csdisco.com.
Forward-Looking Statements
This press release contains forward-looking statements, including, among other things, statements regarding the impact of DISCO's expansion into India and its ability to innovate and transform the legal technology industry. Words such as "may," "should," "will," "believe," "expect," "anticipate," "target," "project," and similar phrases that denote future expectation or intent regarding DISCO's financial results, operations, and other matters are intended to identify forward-looking statements. You should not rely upon forward-looking statements as predictions of future events.
The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause DISCO's actual results, performance, or achievements to differ materially, including (i) our history of operating losses; (ii) our limited operating history; (iii) our ability to maintain and advance our innovation and brand; (iv) our ability to effectively add new customers; (v) our ability to effectively increase usage and penetration with our existing customer base; (vi) our ability to expand our sales coverage and establish a digital sales channel; (vii) our ability to expand internationally; (viii) our ability to extend and strengthen our channel partnerships and integrations; (ix) our ability to expand our offering portfolio to a wider range of legal processes outside of our current core offerings; (x) our dependence on revenue from customer usage, which fluctuates based on the timing of and activity driven by legal matters for which our solution is used, and any shortfall of large matters on our platform; (xi) our ability to pursue strategic acquisitions and strategic investments to expand the functionality and value of our solution; (xii) our ability to comply or remain in compliance with laws and regulations that currently apply or become applicable to our business in the jurisdictions in which we operate; (xiii) the potential that our computer or electronic systems, applications or services, or those of any third parties on whom we depend, fail or suffer security or data privacy breaches or other unauthorized or improper access to, use of, or destruction of our proprietary or confidential data, employee data, or personal data; (xiv) our ability to compete effectively with existing competitors and new market entrants; (xv) the impact of fluctuations in general macroeconomic conditions, such as the current inflationary environment and rising interest rates; and (xvi) the impact that global events, such as the ongoing COVID-19 pandemic, including variants of COVID-19 or other public health crises, the Russian military operations in Ukraine and any related economic downturn could have on our or our customers' businesses, financial condition and results of operations.
The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in our filings with the Securities and Exchange Commission ("SEC"), including our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 24, 2023. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that we make with the SEC from time to time.
Forward-looking statements represent DISCO's management's beliefs and assumptions only as of the date such statements are made. We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
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