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AYALA-owned Integreon Managed Solutions Inc. has
acquired New York-based Datum Legal, Inc., a leading
litigation support and electronic data discovery (EDD)
company for $10 million.
The
acquisition, which was completed on June 3, was backed
by equity infusion from parent firm LiveIt, the
investment arm of Ayala Corp. in the business process
outsourcing (BPO) sector.
In press
briefing Wednesday, Integreon chairman Alfredo Ayala
said the acquisition is an important move for the
company as it is in the process of expanding its
services.
“Where
are we today? We are now a trusted provider of law firms
and general counsels. That’s a very difficult place to
get in because all of these guys treat all of this
information as extremely confidential. So this is
mission-critical. But we are already in that trusted
space,” he said.
The
acquisition of Datum Legal is expected to further
strengthen Integreon’s footing in the legal BPO
industry.
“Integreon can now offer an integrated discovery
management solution with guaranteed fixed-price per
document. Furthermore, corporations and law firms can
now deal with a single point-of-contract for all the key
elements of an e-discovery case, including professional
services, data reduction through analytics, processing,
hosting and attorney review,” said country head Erik
Tabuena.
Datum
Legal, he added, dominates the EDD market in the US. The
process starts when the client sends electronic data and
Datum trims it using its technology. It specializes in
litigation support and electronic data discovery, which
involves compiling, managing, and analyzing documents
for corporations locked in legal battles.
Asked of
the impact of the latest acquisition to Integreon’s
revenues, Ayala said, “we grew over 100 percent last
year. This year, we’ll grow at over 60 percent. It would
be closer to 80 percent if we factored in the full year
of Datum.”
With
almost 2,000 employees globally, Integreon serves many
of the largest global law firms, investment banks and
numerous Global 2000 corporations in both the US and
Europe. Apart from being a top-ranked provider globally
of high-value legal process outsourcing services, the
company is also a provider of high-value knowledge
process outsourcing services. It has operations in the
Philippines, India and North Dakota.
Integreon, Ayala added, will continue to be on the look
out for acquisitions. “The whole space continues to grow
rapidly. The slowdown in the US has increased the need
for companies to reduce their costs so we are seeing
very strong top line growth for Integreon and other
companies under LiveIt,” he said. |
