) recently acquired e-discovery services expert Smart Data
Consulting, a strategic move that is expected to advance Xerox's
Litigation Services division. The terms of the deal were not
Smart Data provides technology consulting and e-discovery
services to firms to ensure successful and defensible litigation
management. The company offers data collection, review and
document protection services using Viewpoint software, an
e-discovery platform developed by Lateral Data, an operating unit
With a proven track record of high expertise in Viewpoint, Smart
Data enables corporates and law firms worldwide to consolidate
databases and analytics across the entire e-discovery cycle. Its
clientele includes some of the world's largest law and boutique
Responding to increasing market demand and rising corporate need
for cost-efficiency in litigation, Xerox intends to merge its
technical expertise with Smart Data's analytics competency and
customer-centric panel of experts.
The acquisition will render Xerox capable of providing its
clients with streamlined services that will trim down the risks
and expenses associated with litigation. Viewpoint will simplify
the entire e-discovery process for Xerox's clientele, using just
one platform for the whole spectrum of tasks, ranging from data
collection, case assessment, and processing and database creation
to analytics and litigation support.
Viewpoint aces other e-discovery software as it integrates the
entire range of capabilities, eliminating the need for
third-party software or plug-ins. The acquisition supplements
Xerox's existing suite of services, and has resulted in
consolidation of the playing field in the e-discovery market.
Xerox presently holds a Zacks Rank #3 (Hold). Other stocks in the
sector worth reckoning include
j2 Global, Inc.
Guidewire Software, Inc.
), all of which sport a Zacks Rank #1 (Strong Buy).
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