Xerox Corporation Announces Acquisition Of Lateral Data

Xerox Corporation announced the acquisition of Lateral Data, a e-discovery technology provider, for $30 million. Lateral Data`s flagship software, Viewpoint, brings simplicity and affordability to e-discovery by enabling corporate legal departments and law firms to manage the entire e-discovery lifecycle using a single, in-house solution. E-discovery is the process where electronic data is sought, located, searched and secured for potential use as evidence in legal and regulatory matters.