Xerox Buys Lateral Data for $30M

Xerox

, today announced the acquisition of Lateral Data, a leading 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. The acquisition solidifies Xerox's position in the e-discovery market by