Key Developments For EPIQ Systems Inc
EPIQ Systems Inc (EPIQ.O) (Nasdaq)
EPIQ Systems, Inc. Launches IQ Review
EPIQ Systems, Inc. announced the release of IQ Review. IQ Review addresses the challenge of rapidly locating the documents that are actually responsive to a matter-typically less than 20% within increasing volumes of data and in mandated short timeframes.
EPIQ Systems, Inc. Acquires Pinpoint Global, Ltd.
EPIQ Systems, Inc. announced the acquisition of Pinpoint Global, Ltd., a provider of an electronic discovery/electronic disclosure solutions. Terms of the deal were not disclosed.
EPIQ Systems, Inc. Announces Completion Of Common Stock Offering
EPIQ Systems, Inc. announced the completion of the registered direct offering. The offering is for 5,000,000 million shares of common stock issued pursuant to its effective shelf registration statement at an offering price of $16.60 per share. The net proceeds from this offering of approximately $78.5 million will be used to pay in full the Company's revolving credit facility, thereby increasing the Company's borrowing capacity under the existing $100.0 million revolving credit facility and providing the Company increased flexibility to execute on strategic objectives. Wachovia Securities acted as exclusive placement agent for the offering.
EPIQ Systems, Inc. Announces Common Stock Offering
EPIQ Systems, Inc. announced a registered direct offering of 5,000,000 shares of common stock pursuant to its effective shelf registration statement at an offering price of $16.60 per share. The offering is expected to close on or about November 20, 2007.The net proceeds from this offering are expected to be approximately $78.5 million and will be used to pay down the Company's revolving credit facility in full, thereby increasing the Company's borrowing capacity under the existing $100.0 million revolving credit facility and providing the Company increased flexibility to execute on future strategic objectives. Wachovia Securities acted as exclusive placement agent for the offering.
EPIQ Systems, Inc. Retained On Significant Settlements And Claims Engagements
EPIQ Systems, Inc. announced that its Class Action & Claims business has been retained to provide technology-enabled services on a major new engagement in cooperation with select business partners on a project expected to last 25 months with an approximate total contract value to the consortium of $120 million. The portion of the total contract earned by the Company over the approximate 25 months will be contingent upon a variety of metrics related to the engagement. The Company is one of several members of a consortium that will share the total contract value.
