eDiscovery: Feeling Its Oats

November 3, 2010

One indication of the vigor in the eDiscovery market is the quarterly report from Epiq Systems. The story in MarketWatch makes this point: eDiscovery leads the Epiq Systems growth compared to the other segments. The MarketWatch.com press release added:

Third quarter results were highlighted by record performance of the eDiscovery segment. eDiscovery realized a 64% revenue increase, benefiting from new engagements both domestically and internationally and the 2009 launch of document review services.

Epiq Systems is a leading global provider of integrated technology solutions for the legal profession that serves law firms, bankruptcy trustees, and financial institutions with innovative technology solutions including electronic discovery. “The third quarter represents the strongest quarterly result in the history of the company’s eDiscovery business,” states the press release, mentioning that “Operating revenue for the eDiscovery segment for the third quarter of 2010 was $20.0 million, up 64% compared to $12.2 million for the year ago quarter.” This new all-time high for the eDiscovery segment is a definite sign that eDiscovery seems to be a good sector for search and content processing companies.

Lawyering could become a more active growth sector than innovating.

Harleena Singh, November 3, 2010

Freebie

Written by Stephen E. Arnold · Filed Under EDiscovery, Financial, News, Technology

Comments

Comments are closed.

Search the site
Subscribe to Beyond Search
Feature archive
News archive

Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.