Two of the older, more established vendors of advanced full-text search software are combining. 

The Financial Times reports today that Autonomy has purchased Verity for $500 million. Details are outlined in the Autonomy press release.

Though I’ve not seen industry data, my impression is that there are a lot companies with full-text solutions relative to the size of the market. On balance, my guess is that some industry consolidation will be good for law firms that are considering enterprise search solutions. I believe that a smaller number of larger players will ultimately offer law firms better products and services.