E-Discovery vendor Electronic Evidence Discovery will buy Daticon. In a nutshell:
- EED has a hosted litigation support system, plus offers complementary professional services.
- EED is starting to sell packaged litigation support software direct to corporations.
- EED focuses on large cases.
- Daticon’s focus is on e-discovery professional services.
- Main motivators for EED are:
- Much stronger presence in U.S. Northeast.
- Strong project management skills.
- Daticon’s client base.
- Better ability to handle smaller lawsuits.
No financial information disclosed. However:
- Any relevant info please post comment; or send to david.ferris@ferris.com, all sources kept confidential.
- Ferris Research guestimates EED revenues at $40 million to $50 million annually.
- Ferris Research guestimates Daticon revenues at $20 million annually.