Xerox has acquired Lateral Data, an e-discovery technology provider, for $30 million. Lateral Data’s management team and all employees will remain with the company. Offices will continue to be located in Houston.
E-discovery is the process where electronic data is sought, located, searched and secured for potential use as evidence in legal and regulatory matters.
Lateral Data’s flagship software, Viewpoint helps legal and IT departments and law firms to lower the total cost of e-discovery by streamlining processes that traditionally require the purchase of disparate products and services from multiple vendors. The Viewpoint platform also offers advanced capabilities for filtering and processing data up to five times faster than any e-discovery software, says Xerox.
Founded in 2003, Lateral Data clients include Fenwick & West, Quinn Emanuel, Kramer Levin and Grant Thornton, among others. Xerox Litigation Services has more than 300 employees, and is the e-discovery division of Xerox Corporation.