eDiscovery Daily Blog
Another Major eDiscovery Acquisition: DTI Acquires Fios – eDiscovery Trends
As reported by Law Technology News and the Litigation Support News and Information Blog, Document Technologies Inc. (DTI), the nation’s largest independent provider of discovery services, facilities management, and knowledge process outsourcing has acquired Fios Inc., one of the electronic discovery industry’s most recognized brands. The new company will be known as “Fios, A DTI Company.”
Atlanta-based DTI said that Fios was purchased to gain clients and staff. Based in Portland, Ore. and founded in 1999 , Fios also brings software development skills and workflow expertise to the DTI portfolio.
“We felt the opportunity to bring Fios into the DTI family was quite attractive,” said DTI CEO John Davenport Jr. “They have exactly what we look for — an exceptional group of high-performing employees, a respected name, strong relationships with an impressive list of Am Law 100 and Fortune 500 corporate clients, and most importantly, similar values and corporate cultures.”
Terms of the current deal were not disclosed. DTI has been busy this year – this is its third acquisition of the year, after acquiring Los Angeles computer forensics specialist Data Forté in July and Houston-based legal staffing company Provius in September.
Industry consolidation continues. This latest acquisition makes at least 44 eDiscovery industry deals so far this year, with companies such as Applied Discovery, CaseCentral, Sanction Solutions, Lateral Data and Digital Reef having been acquired. Of course, not all acquisitions work out, as we saw recently with the HP/Autonomy purchase. It will be interesting to see how this acquisition works out and how well DTI integrates all of its recent acquisitions.
So, what do you think? Will the accelerated pace of eDiscovery acquisitions continue? If so, who’s next? Please share any comments you might have or if you’d like to know more about a particular topic.
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