Epiq Systems Expanded Electronic Discovery Segment Finishes 2009 on a Strong Note
KANSAS CITY, Kan., Jan 26, 2010 (GlobeNewswire via COMTEX) -- By Staff
Company: EPIQ Systems Inc (EPIQ)
Epiq Systems, Inc. (Nasdaq:EPIQ), a leading provider of technology solutions for the legal profession, broadened its e-discovery service offerings in 2009, adding data collections, forensics, and document review services and expanding its geographic presence to include Hong Kong and Brussels. The company recently launched IQ ReviewTM, a revolutionary combination of new intelligent technology and expert services which incorporates new prioritization technology into DocuMatrixTM, its flagship document management platform.
The company will report in its 2009 year-end earnings release that the electronic discovery segment's fourth quarter operating revenue (total revenue before operating revenue from reimbursed direct costs) represented its strongest quarter of 2009. Preliminary fourth quarter operating revenue for the segment is projected to be up 13% compared to the fourth quarter of 2008, and up 26% compared to the third quarter of 2009.
As previously announced, Epiq will be hosting E-Discovery Super Sessions at the ALM 2010 LegalTech conference. Industry thought leaders from global law firms, the judiciary, consulting firms and Epiq Systems will participate in panel sessions which address issues facing law firms and corporations and propose solutions related to document review, international e-discovery and joint repositories. The panel sessions will be held on Tuesday, February 2, 2010 in Concourse G at the Hilton New York.
Tom W. Olofson, chairman and CEO, and Christopher E. Olofson, president and COO of Epiq Systems, stated, "We anticipate continued increases in electronic discovery activity in 2010, including an overall pickup in legal matters as well as an active regulatory environment, both domestically and internationally. Our continued investment in technology, services, and global reach allow us to provide value-added, streamlined e-discovery solutions for law firms and corporations."
About Epiq Systems
Epiq Systems is a leading global provider of integrated technology solutions for the legal profession. Our solutions streamline the administration of bankruptcy, litigation, financial transactions and regulatory compliance matters. We offer innovative technology solutions for electronic discovery, document review, legal notification, claims administration and controlled disbursement of funds. Our clients include leading law firms, corporate legal departments, bankruptcy trustees, government agencies and other professional advisors who require innovative technology, responsive service and deep subject-matter expertise.
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SOURCE: Epiq Systems, Inc.
CONTACT: Epiq Systems, Inc. Investor Relations Lew Schroeber 913-621-9500 ir@epiqsystems.com www.epiqsystems.com
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Company: EPIQ Systems Inc (EPIQ)
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