CT Summation, a Leader in Litigation Support and Electronic Data Discovery, Acquires Top-ranked Electronic Discovery Product
New York, August 28, 2007 -- Berkery Noyes, the leading independent investment bank serving the media, information and technology markets, announces that it represented DocuLex, Inc. in its sale of Discovery Cracker, an electronic discovery product, to CT, a Wolters Kluwer business. Terms of the transaction were not disclosed.
Discovery Cracker is the industry standard for electronic discovery, widely used in the legal industry for end-to-end management of the discovery process, including reviewing, searching, categorizing and producing vast quantities of electronic discovery. DocuLex, based in Winter Haven, Florida, specializes in developing innovative software solutions for the legal services industry.
With its acquisition of Discovery Cracker, CT Summation will offer the first integrated solution suite available to manage the ever-growing volume of electronic data, from discovery through trial.
“This transaction reflects the explosive demand in the legal industry for innovative products that enable legal professionals to analyze efficiently vast quantities of information,” said Peter Ognibene, the Berkery Noyes managing director who orchestrated the transaction on behalf of DocuLex. “The market places a very high value on software solutions that help providers of financial and legal services more effectively manage their workflows and thus reduce risk, improve results and comply with increasingly complex regulation.”
About DocuLex, Inc.
DocuLex, Inc. is a leading developer and provider of litigation support software and solutions for the legal industry. The Company's clients include law firms, litigation support service bureaus, government agencies and the corporate legal departments of major corporations.
About CT Summation
CT Summation, the leader in litigation support and electronic data discovery solutions, pioneered litigation support software in 1988. From standalone systems to large-scale hosted solutions, CT Summation’s award-winning product family—consisting of iBlaze, WebBlaze, Enterprise, CaseVault and Discovery Cracker—provides a complete and integrated solution suite from discovery through trial. CT Summation, together with CT TyMetrix and its leading Web-based management TyMetrix 360°solutions, represent the Litigation Solutions of Wolters Kluwer Corporate Legal Services. For more information, please visit www.ctsummation.com and www.cttymetrix.com.
CT, a Wolters Kluwer business, provides intelligent software and service solutions that empower legal professionals to more effectively manage dynamic information, speed workflows and make critical decisions. CT is the market leader for corporate compliance and governance services and solutions, including solutions for managing statutory representation, corporate transactions, and jurisdictional and securities compliance; UCC products and services for corporate due diligence, secured lending, bankruptcy, and real estate, among other areas; matter management and e-billing applications, litigation support software, and electronic discovery; and innovative trademark research offerings. CT is based in New York City. For more information, please visit www.ctlegalsolutions.com.
About Berkery Noyes
Based in New York City, Berkery Noyes provides strategic mergers and acquisitions transaction advisory services, financial consulting and strategic research to middle market media, information and technology companies in the United States and internationally. For more information, visit www.berkerynoyes.com.