Tuesday, July 26, 2011

DiscoverReady Acquires ACT Litigation Services

MINNEAPOLIS, Jul 25, 2011 (BUSINESS WIRE) -- The Dolan Company announced today that its DiscoverReady subsidiary had completed a significant strategic expansion in the electronic discovery sector with the acquisition of the assets of ACT Litigation Services, based in Valencia, CA.

The purchase price was $65 million with additional future payments possible depending upon performance. The transaction closed July 25.

ACT is one of the country's oldest and most successful complex litigation automation firms and specializes in providing technology and process solutions to clients with electronic discovery needs. The company delivers the most efficient available processes to complete e-discovery projects faster, better and more economically. It also provides hosting and review services.

DiscoverReady provides first-pass document review, managed services and data processing and hosting to the e-discovery sector. The company was a pioneer in fixed-fee document review and automated review. In 2009 it was acquired by The Dolan Company. Like ACT, DiscoverReady services the legal needs of large corporations and their legal counsel.

"Combining ACT and DiscoverReady solidifies our position in the top echelon of e-discovery providers, not just in talent, client base and capacity, but also in terms of quality and innovative solutions," said James P. Dolan, president and chief executive of The Dolan Company. He said the acquisition combines industry leaders in review and in technology and process development.

Dolan said ACT's trailing 12-month revenues were approximately $30 million. The transaction will be immediately accretive to cash earnings per share. He said the transaction reduces the company's revenue concentration by spreading its business across many more clients. For example, upon closing the transaction, on a pro-forma basis, only one DiscoverReady client accounts for more than 10% of DiscoverReady's revenues.

"We have known the team at ACT for more than decade. During that time, we have admired their strong market reputation and business philosophy," said DiscoverReady chief executive officer Jim Wagner, adding, "We both are 'process first' organizations and ACT's client-centric quality-focused culture complements our own."

Wednesday, July 20, 2011

Navigant Acquires Ignited Discovery

CHICAGO – July 19, 2011 – Navigant (NYSE: NCI) announced today that it has acquired Ignited Discovery, a leading electronic evidence and discovery services provider. The Ignited Discovery team brings technology-focused expertise in collections, processing and hosting services that, combined with Navigant’s existing Technology Services practice, creates a significantly enhanced discovery services offering for clients dealing with anti-trust matters, SEC investigations, class actions and other data intensive high risk situations. The team complements Navigant’s strong New York and Washington DC presence.

“Seismic changes are occurring in the litigation support and eDiscovery marketplace. Corporate and law firm clients are demanding not only end-to-end, cost effective and predictable e-discovery capabilities, but also highly flexible custom applications,” said Jeff Green, Vice President, Navigant Dispute & Investigative Services. “With the Ignited Discovery team, we have strengthened our data collections, processing and hosting capabilities in order to support clients in managing petabytes of increasingly diverse and disperse data. The enhanced practice will strengthen our ability to manage the largest data sets across the Electronic Discovery Reference Model (EDRM) spectrum.”

Ignited Discovery (www.igniteddiscovery.com), founded in 2003 by Russ Kaulback and Guggan Datta, is a provider of e-Discovery services specializing in integrated collections, processing, hosting and productions. The company is known for delivering consistent, cost-effective and timely work product, using proprietary intellectual property to process data more efficiently and to manage projects more effectively.

“Having partnered with Navigant on numerous client engagements, we know that they share our view of the discovery services market,” commented Kaulback. “Technology is the enabler, and we provide clients with the most up-to-date proven solutions, and deliver quality and value through efficiency and rigor in our operations. Navigant will be a great place for us to expand our reach and continue to develop the proprietary solutions our clients have come to expect.”