LOS ANGELES, May 1st, 2009 – Integreon, the global leader of Knowledge Process Outsourcing (KPO) in the legal industry, today announced it has successfully completed its acquisition of the E-Discovery assets of Washington, D.C.-based ONSITE3, a leading provider of electronic evidence solutions for law firms and corporations. Terms of the transaction were not disclosed. The E-Discovery operations of ONSITE3 have been merged with Integreon’s current E-Discovery business and the combined operations will account for nearly half of the firm’s projected $80 million revenues this year, up from $35 million in 2008. The merger significantly increases the scale of Integreon’s litigation support business, has added in-house forensics and data analytics capabilities, and given the firm eViewTM , a widely-used proprietary document review platform.
Integreon is also the world’s largest provider of onshore and offshore litigation document review from review centers in New York, Fargo, ND, Mumbai and Gurgaon (India), and Manila (Philippines). “Integreon’s size and scale in E-Discovery gives us a major competitive advantage,” said Integreon CEO Liam Brown. “In addition to our ability to provide a one-stop litigation support solution, our financial strength and stability assures our longevity and our ability to weather the economic downturn. We plan additional acquisitions in the months ahead as the legal knowledge process outsourcing continues to consolidate.” The ONSITE3 E-Discovery acquisition is the latest in a series of strategic onshore domestic US deals Integreon has completed since 2006, including the acquisitions of Datum Legal in 2008, a leading New York litigation support and electronic data discovery (EDD) company; CBF Group, Inc. in 2007, a Fargo, ND-based KPO company exclusively focused on enterprise services to law firms; and Bowne & Co.’s New York Digital Litigation Support business in 2006.
Integreon has grown from 12 employees in one office in New York City with one client and less than $200,000 in revenues in 2001 to almost 2,000 employees and 11 offices worldwide serving over 100 leading law firms, investment banks, and corporations today. The company is owned by management and Ayala Corp., the leading conglomerate in the Philippines.
For more information on this transaction, please contact:
Nick Baughan
Managing Member
610.616.3294
nbaughan@marbau.com
Bill Takeuchi
Director
610.616.3296
takeuchi@marbau.com
Chris Rose
Associate
610.616.3298
crose@marbau.com
About Integreon
Integreon provides a range of knowledge support services to professionals, such as research and analytics, legal and financial document services, legal and discovery services, and finance and accounting services, which transform our customers’ Middle Office, allowing their professionals to focus their time and energy on their ‘highest and best use.’ Our customers include many AmLaw 100 and UK top 50 law firms, almost all of the global investment banks, several top-tier private equity firms and hedge funds, as well as many Fortune 100 and FTSE 100 corporations. For more information about Integreon, please visit www.integreon.com.
About Marks Baughan & Co.
Marks Baughan & Co. provides investment banking services to growth companies in the Financial Technology and Information Management sectors. Our narrow focus and deep expertise and relationships in these two verticals provide our clients with top-quality results driven by an efficient process. Started in 2004 by two former senior members of the Credit Suisse First Boston Technology Group, Marks Baughan & Co. has established itself as one of the most successful of the new boutique investment banks by combining bulge-bracket expertise with boutique service. Our clients range from public companies with multi-billion dollar market caps to private companies with $10 million in revenues. We deliver results for clients: advising on sales of entire companies and divisions, acquisitions, private placements of equity and debt securities, or strategic advisory services for CEOs and CFOs on public offerings, M&A plans, or investor positioning.