Integreon Plans To Acquire ONSITE3
February 5, 2009 – Los Angeles - ONSITE3, a leading global provider of electronic evidence solutions for law firms and corporations, today announced that it has filed for reorganization under Chapter 11 of the bankruptcy code, and that it plans to be acquired by Integreon, the global leader of knowledge and legal process outsourcing (KPO and LPO). The Company also announced today that Integreon has completed the acquisition of ONSITE3’s outstanding pre-bankruptcy secured debt and has agreed to provide debtor-in-possession financing to assure ONSITE3’s continued operation throughout the reorganization process.
Robert Ballou, CEO of ONSITE3, said,
“Integreon’s planned acquisition of ONSITE3’s electronic discovery business will create an unrivaled end-to-end ‘enterprise’ set of litigation and compliance services for law firms and corporations under one roof. The expanded scope will include forensics and collection, proprietary E3(TM) processing and eView(TM) hosted review applications, and will be coupled with Integreon’s onshore and offshore document review.
“Our plan is to focus on our growing e-discovery business. We will close our declining paper discovery support operations, but preserve the continuity of our e-discovery operations around the U.S. We plan to immediately transition paper projects to other vendors, allowing us to focus on the core electronic offerings that our clients value most.”
Liam Brown, CEO of Integreon, said,
“The comprehensive range of ONSITE3’s electronic discovery services and proprietary technologies dovetail well with our document review capability and significantly increases the scale and U.S. footprint of our own EDD capabilities.
“This planned transaction will result in the creation of a $40 million national electronic discovery division of Integreon with industrial-scale processing centers in Washington, DC and New York City, along with review centers in the U.S., India and the Philippines.”
ONSITE3 is widely recognized in the industry as a top provider of electronic discovery services and has been in the litigation support and legal discovery business since 1991. Its innovative approach to evidence management focuses on the need to manage both the risk and cost associated with complex litigation and regulatory compliance. The combination of its proprietary and integrated technology-enabled solutions enables law firms and corporations to achieve a greater return on their investments in evidence management. To learn more about ONSITE3, call 1-877-433-5227 or visit www.onsite3.com
Integreon provides a range of knowledge support services to professionals, such as research and analytics, legal and financial document services, legal and discovery services, and finance and accounting services, which transform the Middle Office and allow professionals to focus their time and energy on their ‘highest and best use’. Our customers include the world’s leading financial services institutions, international law firms, and Global 2000 corporations. Visit www.integreon.com for more information.