TransPerfect Acquires Digital Reef, Market Leader in Big Data eDiscovery Technology
NEW YORK and BOSTON, October 4, 2012 – TransPerfect Legal Solutions (TLS), a leading global provider of legal support services, today announced the acquisition of Boston-based Digital Reef, Inc. Digital Reef will become a division of TransPerfect Legal Solutions. Financial terms of the acquisition were not disclosed.
Founded in 2006, Digital Reef was named a Market Leader in IDC’s most recent MarketScape of standalone early case assessment (ECA) applications. Digital Reef is a leading eDiscovery software provider for corporations, law firms, and litigation support service providers with complex discovery requirements. The company’s eDiscovery platform, available in both on-premise and SaaS versions, is an enterprise-scale solution used in legal matters, regulatory inquiries, and corporate investigations.
“Digital Reef has been increasingly used by the world’s largest corporations and law firms for multijurisdictional, complex cases. Combining Digital Reef’s unique Big Data processing power with the global footprint of TransPerfect will provide our clients with a new level of service and scalability,” said Ivan O'Sullivan, chief operating officer of Digital Reef. “TransPerfect has more than 80 offices worldwide and an array of global data centers. Our clients will benefit from greater support around the country and around the world.” As part of the merger, Mr. O'Sullivan will continue to lead Digital Reef and will join TransPerfect's senior management team.
According to TransPerfect Co-CEO Phil Shawe, “We are very excited to welcome the Digital Reef team to the TransPerfect family. TLS clients will benefit from having access to a variety of ECA tools delivered by the Digital Reef platform. Further, Digital Reef's facility is, to the best of our knowledge, the highest throughput eDiscovery data center in the world, with the capability of processing more than 17 terabytes of data per day. This capability has earned Digital Reef its reputation for being the industry’s fastest, most scalable eDiscovery software solution.”
About Digital Reef
Named a Market Leader in IDC’s 2011 MarketScape of stand-alone ECA applications, Digital Reef is a leading eDiscovery software provider helping corporations, law firms, and litigation support service providers with their largest and most complex eDiscovery matters. Digital Reef’s eDiscovery platform is the first truly enterprise-scale eDiscovery solution that manages all legal matters, regulatory inquiries, and corporate investigations. Using the industry’s fastest, most scalable, and secure grid-based SaaS eDiscovery platform, leading companies have chosen Digital Reef as part of their EDRM system to process, analyze, review, and produce ESI. As a result, they accelerate ECA, increase review throughput, reduce movement of data across multiple tools, and improve the defensibility of their electronic discovery processing. Digital Reef gives businesses unprecedented control of their information, which can be derived from wherever it resides, including emails, documents, repositories, and over 400 different types of files, including images. For more information, visit www.digitalreefinc.com.
About TransPerfect Legal Solutions
TransPerfect Legal Solutions (TLS) is an industry leader in global legal support. Founded in 1992, TLS offers a full suite of services, including digital forensics and eDiscovery, web-based hosting and review, legal staffing, language services, court reporting, and paper discovery and production. With offices in 80 cities across 5 continents, TLS is a trusted partner for every Am Law 200 and Global 100 law firm, as well as the majority of Fortune 500 corporate legal departments. For more information, visit www.transperfectlegal.com.
With annual revenues of over $300 million, TransPerfect is the world's largest privately held provider of language services and technology solutions. From offices in 80 cities on 5 continents, TransPerfect offers a full range of services in 170+ languages to clients worldwide. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and EN 15038 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.