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.

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