Monday, March 25, 2013

eLit To Merge With Texas Based Altep

March 18, 2013 -- Headquartered in Palo Alto, California, eLitigation Solutions (eLit) provides discovery processing and hosting services for mid- to large-sized corporations and law firms throughout Arizona, California and the Pacific Northwest.

With nearly twenty years’ experience in data-intensive litigation, Altep has offices throughout the southern and northeastern US, and has managed high-profile cases for some of the largest law firms and corporations in the nation.

The merger is expected to be finalized by the 29th of March, 2013. The merger promises important benefits for both firms: for eLitigation Solutions, a partnership with Altep offers increased processing and hosting capacity as well as greater redundancy across all skill sets and functional areas, while for Altep, joining with eLitigation Solutions provides an opportunity to enter into the West Coast market with a strong, experienced presence.

“Our clients stand to gain tremendous benefits from our new relationship with Altep,” said Greg Arellano, President of eLitigation Solutions, Inc. “In the coming months, we will gradually transition into the Altep family, fully adopting their name and branding by the end of the year. Going forward, we will continue to offer the same outstanding service and support our clients have come to expect from us, as well as an expanded range of capabilities to assist with complex ESI, review, production and litigation preparedness.  We’re very excited to be joining the Altep team.”

Margaret Valenzuela, Executive Vice President of Altep, Inc., noted that the management and staff of eLitigation Solutions will retain an active role in daily operations on the West Coast. “Their knowledge, experience and skill will be critical to our success in that market,” said Valenzuela. “This partnership represents the next phase in our continued evolution.”

Saturday, March 16, 2013

AccessData Receives $45M Investment From Silicon Valley Bank and Sorenson Capital

TechCrunch reports, AccessData announced that it has received a $45 million investment from Sorenson Capital Partners and Silicon Valley Bank. This funding, the company says, allows it to “reduce outside ownership and add Sorenson as a strategic, long-term partner.”

The investment consists of a $20 million equity trade from Sorenson Capital and $25 million in structured debt from Silicon Valley Bank. In today’s announcement, AccessData’s CEO Tim Leehealey explains the company’s decision for this move and argues that “by consolidating our ownership and adding a strategic partner like Sorenson Capital, while strengthening our relationship with Silicon Valley Bank, AccessData is better positioning itself to take advantage of its unique place in the market.”

“By combining AccessData’s strong market position with Sorenson Capital’s proven track record of taking companies to the next level, we believe we can accelerate growth at AccessData and deliver extensive value to shareholders and customers alike,” said Ron Mika, a co-founder and Managing Director of Sorenson Capital in a prepared statement today. “This is an exciting company and a compelling opportunity. We are anxious to see where the team can take it over the coming years.”

AccessData says it currently has about 130,000 users in law enforcement, government agencies, corporations, consultancies, and law firms around the world. The company has offices in Washington D.C., New York, Houston and San Francisco, as well as in the UK and Australia.