epiq systems inc (EPIQ) Key Developments
Epiq Systems Reportedly For Sale
May 15 15
Epiq Systems, Inc. (NasdaqGS:EPIQ) is still in talks with private equity firms about a possible sale of the company, dealReporter said, according to contacts.|
Epiq Systems, Inc. Appoints Ellen Jones Polhamus as Senior Vice President, eDiscovery Client Services
May 7 15
Epiq Systems, Inc. announced the appointment of Ellen Jones Polhamus as senior vice president, eDiscovery client services. In this newly created role, Ms. Polhamus will lead the global eDiscovery client services team, consisting of approximately 80 project managers and directors, by providing strategic client direction, directing day-to-day operations and ensuring the client experience is consistent across all of Epiq's global office locations. Ms. Polhamus brings a substantial base of 30 years of senior client services leadership experience and accomplishments within legal technology and litigation services, most recently as vice president of client services at Xerox Litigation Services and, prior to that, as director of practice technology for Morgan Lewis.
Epiq Systems, Inc. Enters into Third Amendment to Its Existing Credit Agreement with Keybank National Association; Major Baisden Joins Epiq as Managing Director of the Iris Division
May 4 15
On April 30, 2015, Epiq Systems, Inc. entered into the third amendment to its existing credit agreement, dated August 27, 2013, among Epiq, certain of its domestic subsidiaries party thereto as guarantors, and KeyBank National Association, as administrative agent and in its capacity as the initial incremental term lender. Under the third amendment, the incremental term commitment and incremental term loan were increased by an aggregate principal amount of $75,000,000. Immediately after giving effect to the funding of the incremental term loan, the aggregate amount of the term loan under the existing credit facility is approximately $370,000,000. The amendment also provides for repayment of the incremental term loan in 21 quarterly payments of principal of $912,543, commencing on June 30, 2015, with the remaining principal balance of the term loan due upon the maturity date of such loan in August 2020.
Epiq Systems, Inc. announced the completion of its acquisition of Iris Data Services. With the close of the transaction, Iris will operate as a division of Epiq's global eDiscovery business. Iris President and co-founder Major Baisden joins Epiq as managing director of the Iris division and will continue leading its operations.
Epiq Systems, Inc. to Boost Audio eDiscovery Practice
Apr 30 15
Epiq Systems, Inc. announced that it has been appointed as the first Platinum partner for Intelligent Voice, the audio transcription and review platform. Epiq has invested in new, highly-available audio review technology to solve the challenges faced by corporations and law firms when trying to access, filter and review audio evidence as a source of discovery content in litigation, regulatory investigations, regular monitoring activity and internal investigations. Using Intelligent Voice's technology, Epiq will provide a unique early case assessment capability for voice, including the "JumpTo" technology which gives a visual snapshot of the content of any audio or video file as text, greatly speeding up review time and reducing overall costs. Epiq will offer the JumpTo player integration through its proprietary review tool, Documatrix and through Relativity.
Epiq Systems, Inc. Appoints Jill Bauer as Managing Director of Chapter 7 Bankruptcy Solutions & Fiduciary Services
Apr 29 15
Epiq Systems, Inc. appointed Jill Bauer as managing director of Chapter 7 Bankruptcy Solutions & Fiduciary Services In this newly created role, Ms. Bauer will drive strategic positioning and brand awareness of Epiq within the Chapter 7 trustee community and ensure continued delivery of Epiq's highly effective and streamlined approach to case administration. Additionally, Ms. Bauer will lead the group in bringing to market fiduciary services offerings. Ms. Bauer brings twenty-five years of business development and management experience within the bankruptcy industry and fiduciary markets. She served 10 years at Bankruptcy Management Solutions, Inc. (BMS) as senior vice president where she led Chapter 7 sales and services and implemented Chapter 11 software and service offerings. Prior to BMS, she served 13 years at JP Morgan Chase as senior vice president in the Chase Technology Solutions Group. Most recently, Ms. Bauer served as a senior officer in East West Bank's specialty deposits services group.