It is only eight months since Epiq Systems significantly increased its legal technology reach by the acquisition of Encore eDiscovery. It has ended the year by acquiring De Novo Legal LLC, whose particular strength is managed review services.
The acquisition significantly expands a review service which Epiq grew organically out of its software and services base in 2009. Like so many acquisitions, the commercial logic seems obvious once it has happened, with the two 2011 acquisitions significantly extending Epiq’s potential client base simultaneously with the ability to service it.
The press release is here. Despite its timing between Christmas and New Year, this transaction has attracted a lot of press attention – see, for example, the article headed EPIQ’s Acquisition Of De Novo Legal A Sign Of Things To Come by eDiscovery Journal’s Barry Murphy, which sees the acquisition as fulfilling eDiscovery Journal’s own predictions about market consolidation and about geographical, as well as functional, spread by fewer and stronger players.
I hope to find out more when the world starts moving again and will come back to this subject.