Hudson Global Announces Sale of Legal eDiscovery Business to DTI US and UK Operations Join Leading Legal Process Outsourcer and eDiscovery ProviderNovember 14, 2014
NEW YORK, Nov. 10, 2014 (GLOBE NEWSWIRE) — Hudson Global, Inc. (HSON), a leading global talent solutions company, today announced that it has completed the sale of its Legal eDiscovery business to DTI, the largest privately-held legal process outsourcing (LPO) company in the U.S. providing eDiscovery, managed services and litigation support. DTI paid $23 million in cash for the assets of Hudson’s Legal eDiscovery business, subject to a customary post-closing net working capital adjustment.
Hudson first announced its plan to sell its eDiscovery business in May 2014 as part of its strategy to focus on its core businesses to accelerate growth, drive towards sustained profitability and increase the value of the company for its stockholders.
“We are very excited to announce the successful sale of our eDiscovery business to a pre-eminent company in the field of legal process outsourcing and eDiscovery services,” said Manolo Marquez, chairman and chief executive officer at Hudson. “We built a leading managed review business over the years and have now found the right home for it.”
Hudson Legal eDiscovery has been a leader in the provision of managed document review to law firms and corporations. Its focus on legal management in the eDiscovery market place complements the comprehensive and defensible eDiscovery, review, compliance, information management and related legal process outsourcing services DTI provides corporate clients—and the law firms that serve them. Hudson Legal eDiscovery will strengthen DTI’s geographic footprint, including providing DTI with its first European service location in London.
“We are committed to continuing to strengthen and expand our legal process services offerings to clients,” said John Davenport Jr., founder and chief executive officer of DTI. “The addition of Hudson’s eDiscovery managed review business provides both additional scale and geographic expansion that will enhance our ability to serve clients and deliver the most cost effective solutions.”
Hudson is a global talent solutions company with expertise in leadership and specialized recruitment, recruitment process outsourcing, talent management and contracting solutions. We help our clients and candidates succeed by leveraging our expertise, deep industry and market knowledge, and proprietary assessment tools and techniques. Operating in nearly 20 countries through relationships with millions of specialized professionals, we bring an unparalleled ability to match talent with opportunities by assessing, recruiting, developing and engaging the best and brightest people for our clients. We combine broad geographic presence, world-class talent solutions and a tailored, consultative approach to help businesses and professionals achieve higher performance and outstanding results. More information is available at Hudson.com.
DTI is the largest privately held legal process outsourcing (LPO) company in the U.S. serving law firms and corporations. DTI helps its clients accelerate the changes they must make to remain competitive. DTI is a preeminent leader in the management of information and processes. The company manages risks and minimizes costs associated with complex litigation and compliance functions. The company’s extensive experience in eDiscovery, managed services and litigation support is unmatched in the industry. To learn more about DTI’s national footprint, flexibility, capacity and world-class project management, visit www.DTIglobal.com.
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