Océ Business Services to Acquire CaseData Inc.9 Oct, 2006
Océ Business Services to Acquire CaseData Inc.
NEW YORK, NY – Océ N.V's U.S. division Océ Business Services and CaseData, Inc., a leading provider of electronic discovery and litigation support services to U.S. law firms and corporations, have entered into a definitive agreement for Océ Business Services to acquire all activities of CaseData.
The transaction will expand the range of Océ Business Services’ document process management business, and give CaseData clients access to Océ’s comprehensive portfolio of products and services. CaseData is ranked in the top five E-discovery service providers on the basis of experience and capacity. Financial details of the transaction are not being disclosed.
CaseData is a privately owned company of approximately $14 million annualized revenue with nearly 200 employees. In addition to its Salt Lake City, Utah headquarters, CaseData has significant coding and quality control operations in the Philippines. CaseData’s technology and services have been used by many leading U.S. law firms and Fortune 500 corporations in some of today’s highest profile legal cases.
“This acquisition fully supports Océ’s strategic goals to increase growth, strengthen leading positions in key markets, and expand its position in document process management,” said Jan Dix, President and CEO, Océ-USA Holding, Inc. and member, Board of Executive Directors. “CaseData’s technology, high volume processing operations, and legal process know-how combined with Océ document domain expertise, global scale and resources will enable the combined company to deliver unprecedented value to clients by providing more complete value-added solutions that address a wider range of needs.”
“Our clients increasingly view records management, compliance, E-discovery and litigation support as strategic, interdependent business processes,” said Joseph R. Marciano, President and CEO of Océ Business Services. “With CaseData, we’ll deliver a compelling opportunity for clients to streamline management of these key processes, improve effectiveness, and reduce cost and risk. Our combined service portfolio will enable us to serve more clients in more ways.”
Océ Business Services will establish a new Records, Compliance and Legal Solutions division that combines its imaging and records management services with the CaseData suite of electronic and paper discovery, web data review and data forensics services. Law firms and corporations will benefit from an integrated, single-sourced solution that spans the entire records and discovery management lifecycle and enables them to effectively address records, compliance and document-intensive litigation requirements.
“Océ Business Services and CaseData will make a powerful combination,” said Douglas M. Bean, Vice President and General Manager of the new Records, Compliance and Legal Solutions division. “In joining OBS, we become part of an industry leader, a company with a history and culture of outstanding client service, and a great future. I believe this transaction is in the best interests of our employees, clients, partners and suppliers.”