Xerox Corp. has acquired Texas-based Lateral Data, an e-discovery technology provider, for $30 million.
Company leaders said the deal solidifies Xerox’s position in the nearly $1.6 billion e-discovery market by complementing the services, technology and consulting offerings of Xerox litigation services.
Lateral Data’s software, Viewpoint, enables corporate legal departments and law firms to manage the entire e-discovery lifecycle using a single, in-house product. E-discovery is the process where electronic data is sought, located, searched and secured for potential use as evidence in legal and regulatory matters.
“Viewpoint offers the most comprehensive and integrated e-discovery functionality available in a single software solution,” said Randall Burrows, managing director of Xerox Litigation Services, in a statement. “With the acquisition of Lateral Data, Xerox now offers customers greater flexibility for meeting their e-discovery needs.”
Lateral Data’s management team and all employees will remain with the company and its offices will continue to be in Houston, Xerox said.
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