Wednesday, August 08, 2012

eDiscovery (Software and Service) Market is Expected to Reach $9.9 Billion Globally in 2017


ALBANY, New York -- August 8, 2012

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "eDiscovery (Software and Service) Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2010 - 2017," the global e-discovery market was worth USD 3.6 billion in 2010 and is expected to reach USD 9.9 billion in 2017, growing at a CAGR of 15.4% from 2010 to 2017. In the overall global market, the U.S. is expected to maintain its lead position in terms of revenue with 73% of global e-discovery market share in 2017.

Browse the full report at:
http://www.transparencymarketresearch.com/ediscovery-market.html

Key factors driving the global e-discovery market include increasing adoption of predictive coding, growing risk mitigation activities in organizations, increase in criminal prosecutions and civil litigation and growth of record management across various industries. The U.S. eDiscovery market was valued at USD 3.0 billion in 2010, and is estimated to grow at a CAGR of 13.3% from 2010 to 2017 to reach USD 7.2 billion by 2017. The rest of the world e-discovery market is expected to grow at a CAGR of 23.2% to reach USD 2.7 billion by 2017.

This report broadly segments the e-discovery market into software based eDiscovery and services based eDiscovery. The global e-discovery software market was valued at USD 1.1 billion in 2010 and is expected to grow at a CAGR of 11.5% to reach USD 2.5 billion by 2017. The global e-discovery services market is expected to grow at a CAGR of 17.0% from 2011 to 2017.

In the next five years, the e-discovery industry growth will get further support from increasing automatic enterprise information archiving applications, growth in multi-media search for sound and visual data, next generation technology growth for cloud computing i.e. virtualization and increasing involvement of organizations in the social media space.

Kenyon Group Advises Lateral Data on its Sale to Xerox Litigation Services

Kenyon Group, Inc. is pleased to announce that Xerox has acquired their client, LateralData of Houston, Texas, for $30 million.  The acquisition solidifies Xerox's position in the e-discovery market by complementing the services, technology, and consulting offerings of Xerox Litigation Services.  

Lateral Data's flagship software, Viewpoint™, brings simplicity and affordability to e-discovery by enabling corporate legal departments and law firms to manage the entire e-discovery lifecycle using a single, in-house solution.  "Viewpoint offers the most comprehensive and integrated e-discovery functionality available in a single software solution," said Randall Burrows, managing director of Xerox Litigation Services.  "With the acquisition of Lateral Data, Xerox now offers customers greater flexibility for meeting their e-discovery needs.  Clients can choose a full service cloud-based approach, a do-it-yourself on premise solution, or a customized combination of both.” 


About Kenyon Group, Inc.
Kenyon Group, Inc. (www.KenyonGroupInc.com) is a merger and acquisition advisory firm primarily representing business owners seeking a maximum return from a sale of their business.  Our focus is on technology businesses and companies providing business services often supported by proprietary technology.  Kenyon has earned a reputation as the leader in M&A advisory services to litigation support, legal technology, and legal staffing companies with a growing presence in content, knowledge, and record management markets.

Xact Data Discovery Acquires K&B Document Technologies

Minneapolis, MN -- August 3, 2012 

Mission, Kan.-based Xact Data Discovery will absorb Minneapolis-based K&B Document Technologies in a deal that closed on August 1, said Xact President and CEO Bob Polus and K&B President Nick Barry.

Xact is a data-discovery and management service provider with legal, corporate and government clients and 16 offices outside of Minnesota. K&B, a document-processing and management provider serving law firms and corporations, had about $3.5 million in revenue in 2011. The combined Minnesota business, operating under the Xact brand, will have about $6.5 million in revenue and about 65 employees.

Barry and co-owner Brad Kair will retain an equity stake as partners. Other terms of the deal were not disclosed.

Xact will move its Minneapolis office to K&B’s downtown Minneapolis office. Layoffs are not expected, Polus and Barry said.

D4 Acquires Target Litigation Solutions

ROCHESTER, NY ‒ August 02, 2012D4, LLC, a national leader in litigation support and eDiscovery services to law firms and corporate law departments, today announced the launch of its full-service operation in Phoenix. The expansion into Phoenix, through the acquisition of On Target Litigation Solutions, increases D4’s national footprint and compliments services in the western region of the U.S. D4’s continued national expansion is driven by strong customer and partner demand, as organizations recognize the importance of working with partners able to deliver innovative and sound eDiscovery solutions and managed service offerings.

“We see tremendous growth potential in Phoenix,” said John Holland, founder and CEO, D4. “On Target Litigation Solutions has established itself as a company with highly specialized litigation technology offerings. We are very pleased to bring On Target into the D4 family as we continue to deliver on our vision of providing comprehensive litigation support solutions to companies throughout the country. Clients will immediately benefit from having direct access to the resources and expertise of a larger, national company.”

D4’s Phoenix office will be led by Ryan Best. Ryan has over 13 years of experience in both ESI consulting and the litigation support industry; he has led On Target to become one of the nation’s premier legal services companies. Prior to founding On Target, Ryan worked for Capital Digital Document Solutions as the National Director of Electronic Discovery and also worked at Xact Data Services and Legal America LTD. D4 Phoenix will continue to specialize in a very technical approach creating electronic discovery solutions for clients.