Wednesday, June 16, 2010

Precise, Inc. Acquires eDiscovery Software Provider LitSoft LLC

Pittsburgh, PA (PRWEB) June 15, 2010 -- Precise, Inc. (www.precise-law.com), a trusted provider of electronic discovery solutions and trial support services, today announced the completion of an agreement whereby it has acquired LitSoft LLC, a provider of eDiscovery software as a service (SaaS) founded in 2006 in Annandale, VA. The purchase of LitSoft is a strategic addition to Precise’s rapidly expanding suite of eDiscovery solutions. Specifically, Precise will make use of LitSoft’s flagship product, LitScope, an online document review application featuring an intuitive user interface built to enable fast, reliable, and efficient review with minimal training requirements.

The acquisition will extend Precise’s portfolio of discovery and document review offerings for its corporate and law firm clients. Precise will leverage LitScope’s review platform by emphasizing and building upon the application’s streamlined architecture, specifically designed to simplify the document review process and reduce the costs associated with the review and production of electronically stored information (ESI). The addition of LitSoft’s technology to Precise’s existing array of services reinforces the firm’s commitment to providing a complete suite of litigation support technologies including a full range of trial support services and eDiscovery solutions, from forensic data collection to full-scale document review.

Precise’s CEO, Peter L. Mansmann, Esq., states, “The acquisition of LitSoft supports our company’s mission of continued expansion in the eDiscovery market in direct response to ongoing demand for our services. Incorporating LitScope’s proven review technology into our current breadth of eDiscovery expertise further reinforces our position as a trusted provider of comprehensive discovery and trial support services to the legal community.”

Steve Jreige, former managing partner of LitSoft added, “The LitSoft team and I are extremely excited to join Precise, particularly given its outstanding reputation in the industry. We look forward to continuing to develop and bring to market leading edge eDiscovery technology, and I believe this acquisition greatly enhances our ability to do so.”

Thursday, June 10, 2010

AccessData Corporation and CT Summation Announce Merger

LINDON, Utah and NEW YORK, June 9 /PRNewswire/ -- AccessData Corporation and CT Summation today announce they've signed an agreement to join forces and merge into a single company, AccessData Group, LLC. The new company will deliver an end-to-end eDiscovery software solution capable of addressing all phases of the litigation workflow.

As the leader in in-house eDiscovery collection, processing and analysis, AccessData brings to the merger an unsurpassed technology portfolio, designed to enable the world's largest companies to take control of eDiscovery and dramatically reduce costs. Its AccessData eDiscovery software is currently the most comprehensive eDiscovery solution on the market, enabling organizations to address litigation hold, automated collection, processing, and analysis prior to attorney review.

CT Summation, the premier provider of litigation workflow and eDiscovery solutions to law firms and corporate legal departments, brings to the deal a comprehensive suite of software products that are the gold standard throughout the legal community. CT Summation's iBlaze, Enterprise, WebBlaze, CaseVault, CaseVantage and Discovery Cracker products have received more than 45 legal industry technology and "Reader's Choice" awards since 1997. CT Summation is part of Wolters Kluwer Corporate Legal Services, which operates under the CT brand. Wolters Kluwer will remain as a strategic investor in the new AccessData Group, LLC, with a minority stake in the company.

By combining these complementary workflow solutions, AccessData will be able to deliver the first, true end-to-end eDiscovery software solution for corporations and law firms that supports the litigation process from litigation hold through trial.

Monday, June 07, 2010

Altegrity to Acquire Kroll, the World's Leading Risk Consulting Firm, from Marsh & McLennan

NEW YORK and FALLS CHURCH, Va., Jun 07, 2010 (BUSINESS WIRE) --Marsh & McLennan Companies, Inc. (NYSE: MMC), the global professional services firm, and Altegrity, Inc, an international screening and security solutions company, today announced a definitive agreement under which Altegrity will acquire Kroll Inc. from MMC in an all-cash transaction valued at $1.13 billion. Altegrity is owned by Providence Equity Partners, the leading global private equity firm specializing in equity investments in media, entertainment, communications and information companies.

The transaction, which is expected to close by late September, is subject to regulatory approvals and other customary closing conditions.

Altegrity CEO Mike Cherkasky, who also served as President and CEO of Kroll from 2001 to 2004, said: "Our clients look to Altegrity for information and insight to make smarter decisions. The combination of Kroll and Altegrity broadens our capabilities with the addition of a portfolio of industry-leading services to help clients identify and manage risk. Altegrity and Kroll will leverage their combined resources to develop new and innovative solutions for government and commercial clients across a global platform. Both Altegrity and Providence look forward to working with Kroll CEO Ben Allen and the entire Kroll team to deliver the highest quality service offering in the industry and to grow the combined business."

"This transaction represents exciting new opportunities for Kroll," said Ben Allen, CEO of Kroll. "Over the past several years, we have taken significant steps to improve profitability and enhance collaboration across our business units. Kroll is now poised to continue its historical track record of growth, which will be accelerated by the combination with Providence and Altegrity."