Friday, June 23, 2006

Discovery Mining Closes $3.2 Million E-Discovery Strategic Partnership

SAN FRANCISCO, June 22 /PRNewswire/ -- Discovery Mining, Inc., a leader in electronic discovery technology, announced today a strategic partnership with EVault, Inc., the leader in online data protection solutions.

In addition to collaborating on major marketing initiatives, EVault made a $3.2 million investment in Discovery Mining; the proceeds from the investment will be used to accelerate the growth of Discovery Mining's massive data processing capacity and to further the development and sales of its Litigation and Compliance/Archiving technology solutions.

Wednesday, June 14, 2006

Xerox to Acquire Amici LLC; $174 Million Acquisition Expands Document Management Offerings for Growing E-discovery Market

STAMFORD, Conn.--(BUSINESS WIRE)--June 14, 2006--To expand its document management services business, Xerox Corporation (NYSE: XRX) today announced that it has agreed to acquire privately-held Amici LLC for $174 million. Amici is a leading provider of electronic-discovery (e-discovery) services, primarily supporting litigation and regulatory compliance.

E-discovery is the identification, filtering, production and storage of relevant data from paper or electronic documents, like e-mail, text files, memos, databases, presentations and spreadsheets. Projected to grow at an annual compounded rate of close to 40 percent, e-discovery services could be a nearly $2.5 billion market in the U.S. by 2009, according to IDC.