Xerox Acquires Lateral Data - Analyst Blog

By
A A A

Xerox Corporation ( XRX ) has been on the move over the last few weeks. After signing a wave of new deals, the company has now acquired Lateral Data, a provider of e-discovery technology, in a deal worth $30 million. The e-discovery technology deals with locating, searching and securing data, which is used as possible evidence in regulatory and legal affairs.

The deal will strengthen Xerox's standing in the rapidly growing e-discovery market, as the acquisition complements the services provided by Xerox Litigation Services, which now houses the acquired Lateral Data. Xerox has made the right move to expand its footprint in the lucrative enterprise e-discovery market, which is projected to be worth $1.6 billion by next year.

Viewpoint, Lateral Data's e-discovery software, provides solutions in a simplistic and cost-effective manner to corporate legal departments and law firms. The software enables users to control the complete e-discovery process through a single application, bringing down costs, saving time and doing away with the need for buying different products and services from several vendors.

Moreover, the software's flexibility will enable Xerox to provide better services to its clients. Viewpoint is capable of collecting, analyzing, reviewing and managing data from different sources such as email, desktops, social media and cloud-based email and business collaboration platforms like Google Docs and Microsoft SharePoint. Users can choose to adopt a cloud-based solution, a do-it-yourself solution or a customized combination of both.

With such features under the hood, it is not surprising that Lateral Data provides services to numerous corporations around the world. Its clients include Fortune 500 companies and famous law firms such as Fenwick & West LLP, Quinn Emanuel, Kramer Levin and consultancies such as Grant Thornton. This makes the deal even better as Xerox will now have access to Lateral Data's illustrious clients.

We currently have a long-term Neutral recommendation on Xerox. The company, which competes with Canon, Inc. ( CAJ ) and Hewlett-Packard Company ( HPQ ), maintains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating.


 
CANON INC ADR (CAJ): Free Stock Analysis Report
 
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
 
XEROX CORP (XRX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: CAJ , HPQ , XRX

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com