FRONTEO Acquires Essential Discovery, Inc.

Sunday, November 27, 2016 - 21:18
FRONTEO USA, Inc. (“FRONTEO USA”), a wholly-owned direct subsidiary of FRONTEO, Inc. (“FRONTEO”) (formerly known as UBIC, Inc.) (NASDAQ:FTEO) (TSE:2158)), a leading provider of global eDiscovery, managed review solutions and big data analysis services utilizing artificial intelligence technology, today announced the acquisition of managed review provider Essential Discovery, Inc. (“EDI”).
 
EDI is a boutique discovery firm with specialization in document review with Fortune 250 corporations and AM Law 100 clients across the United States.  With review centers in San Francisco and Las Vegas, along with pop-up capabilities across the country and internationally, EDI is a strategic fit into the expansive network that FRONTEO already has in place.
 
“Continued growing demand for efficient, reliable and cost effective review services in primary and secondary locations enables FRONTEO and EDI to offer clients improved engagement, better project management and streamlined processes,” says Aaron Fluss, National Managing Director at EDI. “This will help us to mitigate case risk, drive increased value to law firms and corporations, and standardize review processes based on industry-best methodologies.”
 
EDI’s proven ability in the national market demonstrates its ability to focus on client engagement, pre-review analysis and data reduction, as well as the review of documents, and provides deep know-how in the following areas:
·        Clients Come First – EDI operates in a “client-first” manner where the customer is the top priority
·        Proprietary Review Process – The “Advanced Review Team” provides a results-oriented proprietary process for efficient, reliable, cost-effective review
·        Client Project Managers – Drives continuity of service and project analysis via productivity reporting
·        Elite Review Team – Deep bench strength for review projects leveraging highly skilled and long-tenured attorneys, who also leverage culling techniques through early case assessment to reduce data sets
·        Value-Add Service – Ability to provide additional services such as witness narratives for deposition preparation, case memorandums, and privilege log production for matters
“We expect a very smooth and fast transition of EDI resources and processes into FRONTEO,” says Andy Jimenez, CEO of FRONTEO USA, Inc. “Maintaining our focus on top and bottom-line growth is an important aspect of this acquisition, and our ability to quickly streamline operations and post-merger integration tasks for very rapid time-to-market is key.  We look forward to joining forces.”
 
The combination of FRONTEO and EDI will now give the market access to an additional 150 review seats for a total of approximately 1,300 permanent seats for review projects across the U.S., in both primary and secondary markets. There are also additional seats available at FRONTEO review centers internationally for cross-border projects.
 
All EDI staff along with its extensive roster of contract attorneys, project managers, quality controllers, and review staff will be integrated under the FRONTEO brand.
 
Essential Discovery, Inc. was advised by Bundy Group, a boutique investment bank, in the sale to FRONTEO.