LINDON, Utah, May 12, 2014 /PRNewswire/ -- AccessData, the leader in incident resolution technology, today announced the sale of its Litigation Support Services (LSS) division to OmniVere. Funds from the transaction will be used to fuel the company's strong growth in the rapidly expanding incident resolution market. Current LSS customers will continue enjoying LSS's world-class service, working with the same experienced litigation support staff at OmniVere.
AccessData's ability to meet customers' hosted eDiscovery needs will continue unabated through a strategic partnership with OmniVere, a new enterprise launched by eDiscovery industry leaders focused on delivering best-of-breed customer service in litigation support services. The transaction allows AccessData to further invest in its market-leading incident resolution solutions by expediting the growth of its global sales and marketing efforts and expanding its research and development to continue delivering advanced technologies.
OmniVere, a new leader in the eDiscovery industry, announced the formation of the business through the acquisition of three of the leading providers of discovery services. OmniVere is in the process of creating one of the most dynamic and fully-integrated discovery management companies in the U.S. OmniVere is uniquely positioned to provide customers with a suite of solutions to more effectively manage an organization's Legal Risk and Compliance (LRC) along with providing "Big Data" analytics to better manage their business.
"We were not looking to sell our LSS business, but OmniVere's customer-centric approach and the terms of the transaction were simply too good to pass up," said Craig Carpenter, Chief Marketing Officer, AccessData. "Knowing our LSS customers will be well taken care of by a strategic partner focused on extending Summation's leadership position made this transaction possible. Now we can invest even more in our incident resolution business, including our strong eDiscovery franchise, as we see the incident resolution market take off. With our Continuous Automated Incident Resolution (CAIR) vision resonating in the market, the timing could not have been better."
AccessData's eDiscovery and Summation solutions will continue to be important focus areas for the company. OmniVere's dedicated Summation service will occupy a key role for AccessData by delivering a best-of-breed hosting option, allowing AccessData to focus on building powerful software solutions.
"We chose to partner with AccessData because of their industry leading Summation solution which is highly valued by law firms and clients alike," said Erik Post, CEO, OmniVere. "AccessData provides the technology expertise and knowledge that will allow us to meet the most demanding needs of our clients. We're excited to make a vibrant LSS business the cornerstone of our firm, a business that will continue to flourish under OmniVere."
For more information, please visit www.omnivere.com
AccessData Group makes the world's most advanced and intuitive incident resolution solutions. AccessData technology delivers real-time insight, analysis, response and resolution of data incidents, including cyber threats, insider threats, mobile and BYOD risk, GRC (Governance Risk & Compliance) and eDiscovery events. Over 130,000 users in corporations, law enforcement, government agencies, and law firms around the world rely on AccessData software to protect them against the risks present in today's environment of continuous compromise. http://accessdata.com.
OmniVere combines cutting-edge technology and world-class services to help clients manage the entire eDiscovery cycle. Created through the integration of several dynamic companies, each leaders in their respective areas of expertise, OmniVere is uniquely positioned to manage any organization's Legal Risk and Compliance (LRC) and big-data needs. For more information, visit www.omnivere.com or call 312-583-9956.