updated 5/23/2011 5:16:01 PM ET 2011-05-23T21:16:01

NEW YORK, May 23, 2011 (GLOBE NEWSWIRE) -- Epiq Systems, Inc. (Nasdaq:EPIQ), a leading provider of managed technology for the global legal profession, today announced that it has been recognized by Gartner, Inc. in their "Magic Quadrant for E-Discovery Software.'' The report positions software vendors according to their ability to execute and their completeness of vision.

"Epiq continues to be a leader in the electronic discovery market as a result of our outstanding service record, innovative technology offerings, and expertise in attorney review and project management," said Chris Olofson, President and Chief Operating Officer of Epiq Systems.

Epiq is a true end-to-end global provider of electronic discovery services with facilities in the United States, London and Hong Kong. Services provided include: 

  • Discovery Consulting
  • Forensic Analysis and Testimony
  • Data Analytics and Processing
  • Prioritization of data based on relevancy (aka Predictive Coding)
  • Hosted Review 
  • Managed Review
  • Comprehensive Production Services
  • Litigation and Corporate Repository Services

Epiq is the only electronic discovery provider that offers all services in both proprietary and third-party solutions to meet the varying needs of law firms and corporations. 

Epiq specifically focuses in the following areas:

  • Our predictive coding and document prioritization technology, IQ Review™, reduces the amount of data legal teams must review and produce to only relevant items, potentially reducing the cost of e-discovery, the most expensive part of the e-discovery process.
  • Our project managers are tenured employees on three levels and bring deep and wide expertise to every project,

"The e-discovery software market is entering a phase of high growth, increasing maturity and inevitable consolidation," the report states. Epiq's solution offerings expanded on April 4, 2011 when it acquired Encore Discovery Solutions. Epiq now offers clients a full range of technology choices to match the needs of a particular matter, investigation, compliance initiative or litigation.

"The Encore acquisition further enhances our leading position by expanding the range of options we can offer our customers when they are considering their e-discovery needs," said Olofson.

Further reading: "Magic Quadrant for E-Discovery Software" by Debra Logan and John Bace, May 13, 2011

About the Gartner Magic Quadrant

The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Epiq Systems

Epiq Systems is a leading provider of managed technology for the global legal profession. Our solutions streamline the administration of bankruptcy, litigation, financial transactions and regulatory compliance matters. We offer innovative technology solutions for electronic discovery, document review, legal notification, claims administration and controlled disbursement of funds. Our clients include leading law firms, corporate legal departments, bankruptcy trustees, government agencies, mortgage processors, financial institutions, and other professional advisors who require innovative technology, responsive service and deep subject-matter expertise.

The Epiq Systems, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5250

CONTACT: Lew Schroeber, Investor Relations
         913-621-9500
         ir@epiqsystems.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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