In a Securities and Exchange Commission (SEC) filing this morning, Epiq Systems announced that it has entered into an agreement to be purchased by the owners of Document Technologies Inc (DTI). The filing says that OMERS Private Equity and Harvest Partners will pay $16.50 per share in cash for the transaction, and the overall value of the deal is around $1 billion.
Following the closing of the deal, Epiq will combine with DTI to form a single, private entity, according to a release accompanying the SEC filing. Epiq’s offerings including integrated technology and services for the legal profession, comprised of e-discovery, managed services, bankruptcy, class action and mass tort administration, federal regulatory actions and data breach responses. Similarly, DTI, a global legal process outsourcing (LPO) and litigation solutions company, features services in risk and compliance, e-discovery, and court reporting.
