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Hudson Global Announces Sale Of Legal eDiscovery Business To DTI

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Hudson Global, Inc. (Nasdaq: HSON), a leading global talent solutions company, today announced that it has completed the sale of its Legal eDiscovery business to DTI, the largest privately-held legal process outsourcing (LPO) company in the U.S. providing eDiscovery, managed services and litigation support. DTI paid $23 million in cash for the assets of Hudson's Legal eDiscovery business, subject to a customary post-closing net working capital adjustment.

Hudson first announced its plan to sell its eDiscovery business in May 2014 as part of its strategy to focus on its core businesses to accelerate growth, drive towards sustained profitability and increase the value of the company for its stockholders.

"We are very excited to announce the successful sale of our eDiscovery business to a pre-eminent company in the field of legal process outsourcing and eDiscovery services," said Manolo Marquez, chairman and chief executive officer at Hudson. "We built a leading managed review business over the years and have now found the right home for it."

Hudson Legal eDiscovery has been a leader in the provision of managed document review to law firms and corporations. Its focus on legal management in the eDiscovery market place complements the comprehensive and defensible eDiscovery, review, compliance, information management and related legal process outsourcing services DTI provides corporate clients—and the law firms that serve them. Hudson Legal eDiscovery will strengthen DTI's geographic footprint, including providing DTI with its first European service location in London.

"We are committed to continuing to strengthen and expand our legal process services offerings to clients," said John Davenport Jr., founder and chief executive officer of DTI. "The addition of Hudson's eDiscovery managed review business provides both additional scale and geographic expansion that will enhance our ability to serve clients and deliver the most cost effective solutions."

 

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