Epiq Systems, a global provider of technology solutions for the legal profession, announced on Dec. 28 that it has acquired e-discovery provider De Novo Legal. Subject-matter expertise combined with scale, reach and capacity are important attributes of Epiq's worldwide e-discovery business.

With this transaction, Epiq further strengthens its global e-discovery franchise, providing corporate legal departments and law firms with full-service capabilities to manage electronic information for discovery, investigations, regulatory issues, compliance, and related legal matters. Epiq has full-service e-discovery operations in New York and Phoenix domestically, and London and Hong Kong, internationally.

De Novo augments Epiq's capacity for managed review services and broadens Epiq's e-discovery customer base.  De Novo has document review centers in key strategic locations in the United States and is among the largest providers of managed review and staffing services. De Novo also offers clients e-discovery processing and hosted review platforms. For 2011 on a pro forma basis, De Novo represents an approximate 30% to 40% revenue increase to Epiq's projected standalone e-discovery segment.

Epiq paid closing consideration of approximately $68 million which was funded from the company's credit facility. The transaction also includes a deferred cash component and an opportunity for contingent consideration based on future revenue growth.