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Editor’s Note: While this acquisition is court reporting-centric, it is covered as part of ComplexDiscovery’s coverage of mergers, acquisitions, and investments in the eDiscovery ecosystem based on Veritext and Epiq positioning in that ecosystem.
Press Announcement
Veritext Legal Solutions, the leader in deposition and litigation support solutions, and Epiq, a global leader in the legal services industry, announce [March 21, 2019] Epiq has divested its U.S. court reporting business to Veritext.
Through this acquisition, Veritext will remain committed to Epiq court reporting clients and will continue to deliver the best service in the industry, including world-class data security, while providing additional opportunities for employees and independent contractors. Additionally, Epiq court reporting clients will now enjoy many new advanced technologies and solutions designed to streamline the deposition process as well as gain access to more than 60-plus brick-and-mortar Veritext locations across North America equipped with state-of-the-art deposition suites.
While it will be “business as usual” for the time being, changes resulting from the acquisition will be taking place in the coming months and will include Epiq U.S. court reporting employees moving to Veritext locations across the country and transitioning all Epiq U.S. court reporting activity to the Veritext Legal Solutions brand.
“While this was a solid business for Epiq, it was clear to us that it would be best served if aligned with an organization focused on investing in and growing court reporting and related services in the U.S.,” said David Dobson, chief executive officer of Epiq. “Veritext is growing and committed to the court reporting industry on all levels and a perfect fit to service the needs of our court reporting clients.”
“We are excited to welcome Epiq U.S. court reporting to the Veritext family,” states Nancy Josephs, chief executive officer of Veritext. “This acquisition brings us talented staff, market-leading clients and some of the best independent contractors in the business, and we are excited to have them as part of our team. We have a long-standing history of being a prominent supporter of the stenographic court reporting community. We know that stenographic court reporting is an irreplaceable gold standard of testimony capture, and this acquisition further solidifies our commitment to this profession and the community overall.”
Advisor to Epiq for this transaction was Bryan Cave Leighton Paisner LLP.
The terms of the transaction were not disclosed.
About Epiq
Epiq, a global leader in the legal services industry, takes on large-scale, complex tasks for corporate counsel, law firms and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.
About Veritext Legal Solutions
Veritext (www.veritext.com) is the leader in deposition and litigation support solutions and provides state-of-the-art facilities, highly skilled reporters, advanced technology and unmatched client service for law firms and corporations nationwide. Our solutions utilize the latest easy-to-use technologies that streamline the deposition process, enhance delivery flexibility and reliably handle from the simplest to the most complex cases. Proprietary video, mobile and remote services combined with unmatched security, including HIPAA and PII compliance, ensure that Veritext clients have the best tools available and the confidence of working with the market leader.
Additional Reading
- An Abridged Look at the Business of eDiscovery: A Short List of eDiscovery Investors
- An Abridged Look at the Business of eDiscovery: Mergers, Acquisitions, and Investments
Source: ComplexDiscovery
