Friday, September 24, 2010

Document Technologies, Inc. Acquires Daticon EED

As I noted in a recent post, the fourth quarter seems to be shaping up to be very active in regards to funding in the eDiscovery space.

ATLANTA – September 20, 2010 – Document Technologies, Inc. (DTI), the nation’s largest independent provider of comprehensive discovery and on-site facilities management services, announces its acquisition of Daticon EED, one of the original and most widely recognized leaders in the electronic discovery services industry. DTI and Daticon EED’s combined operations strengthen its position as a top tier discovery service provider that can offer both corporate law departments and law firms the infrastructure of a large, national company. Clients will receive personal service from local experts based in more than 20 offices nationwide. The acquired company will be called “EED, A DTI Company.”

“As one of the first providers of electronic discovery services, Daticon EED brings an unparalleled level of knowledge and expertise in directing technologies and processes to significantly reduce the overall cost, time and risk of discovery,” said Document Technologies, Inc. CEO John Davenport, Jr. “At the same time, Daticon EED’s clients will benefit from our ‘best-in-breed’ philosophy and financial stability.” DTI is now a $130 million company, including more than $70 million in revenue from discovery services. Discovery revenue combined with the consistent revenue of its facilities management services division have helped the company achieve profitability in 35 consecutive quarters.

The acquisition further expands DTI’s national footprint and advances the company’s ability to provide local service and expertise across the U.S. The deal also adds an impressive roster of leading discovery consultants and skilled project managers as well as world-class IT infrastructure to further strengthen the company’s ability to provide expert advice and high-quality service. The former headquarters of Daticon EED in Seattle will serve as DTI’s newest Regional Technology Center, providing clients with access to large data centers on both coasts. Between its state-of-the-art National Technology Center in Atlanta, Regional Technology Centers in Seattle as well as Washington, D.C., New York, Chicago, and Norwich, Conn., and facilities in local markets nationwide, DTI now has the capacity to process 4.5 terabytes of data on a daily basis and host 1.4 petabytes of data for document review.

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