EPIQ Systems (EPIQ) Enters Agreement to Acquire Iris Data Services

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Epiq Systems to Accelerate Growth of eDiscovery Managed Services Offering With Acquisition of Iris Data Services

April 8, 2015 8:30 AM EDT

KANSAS CITY, Kan., April 8, 2015 (GLOBE NEWSWIRE) -- Epiq Systems, Inc. (Nasdaq: EPIQ), a leading global provider of integrated technology solutions for the legal profession, announced today that the company has signed a definitive agreement to acquire privately-held, Kansas City-based Iris Data Services, the market leading provider of managed services for electronic discovery (eDiscovery). The total consideration for the acquisition is $134 million, subject to certain post-closing adjustments, which would be funded with existing cash and borrowings from the Company's credit facility. The acquisition is expected to close on or about April 30, 2015, subject to the satisfaction of... More