EDD Update

Law Technology News Daily Alert

We've launched our Law Technology News Daily Alert!  It's a joint project managed by Law.com's tech editor Sean Doherty and LTN editor Monica Bay -- the same combo that brings you this blog! To subscribe, click here.

Deacon & Reichenbach Land New Gigs

Babs Deacon has joined Integreon, Mark Reichenbach's aboard Capital Legal Solutions. 411 here

The End of Lawyers?

Keep your seatbelt fastened!  Richard Susskind's latest book, "The End of Lawyers?", is a must read.  While its scope is much broader than issues surrounding electronic discovery, it discusses the profound impacts that technology is having in the practice of law.  Rapid and disruptive change is underway; how will we adapt?

#LTNY: Darwin Watch: The Day After Christmas

I am out of the office today, so didn't see this until now when Craig Ball, LTN's trusty EDD columnist, brought it to my attention: Onsite3 has filed for Chapter 11 and plans to be absorbed by Integreon.

"You know how ailing retailers hang on until Christmas before deciding to throw in the towel?  Well, for the thinning ranks of e-discovery vendors, LegalTech New York is Christmas, and you can bet that anyone hitting the skids who didn't manage to save face through a fire sale acquisition negotiated in the halls of the Hilton is running out of options." 

 

"In 2009, some will be able to buy their EDD service provider for what they paid for services in 2008, and those who thought me a Cassandra in the February LTN column "What Lies Beneath" will soon wonder why I didn't ring the bell louder."

As for Onsite3's woes, the press release is available here.

Cliff's Notes version:

"Onsite3... today announced that it has filed for reorganization under Chapter 11 ... and that it plans to be acquired by Integreon (www.integreon.com).... The Company also announced today that Integreon has completed the acquisition of Onsite3's outstanding pre-bankruptcy secured debt and has agreed to provide debtor-in-possession financing to assure Onsite3's continued operation throughout the reorganization process."

What Lies Beneath?

With he news of layoffs at two EDD providers (i365/Metalincs and SPi), I thought you might want a sneak preview of Craig Ball's column "What Lies Beneath."

Ball warns us to be sure we have considered how to protect our firms and clients should a vendor evaporate.

View it here or download it here: Download Ball_In_Your_Court

Layoffs at SPi

The grapevine is humming about layoffs at SPi -- and possible reorganization (jettisoning EDD work) -- but no official statements yet. Will keep you posted as we hear more.

Autonomy to Acquire Interwoven

Breaking news: http://www.autonomy.com/content/News/Releases/2009/0122.en.html

1/26 Update: According to the company:

• Interwoven stockholders will receive $16.20 in cash for each outstanding Interwoven share, representing a premium of 36.8% to the closing share price of $11.84 on January 21, 2009, and a premium of 36.2% to the average closing share price over the 30 days through January 21, 2009.

Interwoven Buys Discovery Mining

One SF Bay Area company has gobbled up another: Peninsula-based Interwoven Inc. has announced that it will acquire Presidio (SF)-based Discovery Mining:

EED Buys Daticon

Electronic Evidence Discovery Inc. has announced that it has reached a definitive agreement to purchase Daticon, LLC. (Daticon was earlier purchased by Minnesota's Xiotech.) Press release here.

Aptara Sells Lit Support Division to Ivize

Ivize, a legal document services firm, has purchased Aptara Inc.'s litigation support business. To find out more, download the release and read Rob Robinson's commentary here.

Seagate acquires MetaLincs

Today, Seagate Services, which provides backup, recovery, and e-discovery, has signed an agreement to purchase MetaLincs, an EDD company. Find out more about the acquisition here.

Iron Mountain acquires Stratify

Iron Mountain Inc. has paid approximately $158 million to acquire Stratify Inc. To read more, visit the press release.