Through this acquisition, FTI now owns key proprietary technology for each crucial step of the Electronic Discovery Reference Model (EDRM), providing clients with a single source, industry leading solution.
-- Increased value to customers through a broader intellectual property portfolio: Attenex software is based on 14 issued and 12 filed U.S. Patents and 3 issued and 26 filed International Patents. When added to FTI's already robust ownership of key intellectual property, the acquisition will accelerate FTI's strategy of owning significant software-based intellectual property within the eDiscovery supply chain.
-- Broader go-to-market opportunities: Attenex currently serves as the on-premises standard for major companies and maintains a base of over 100 total on-demand corporate customers. In addition to participation in the enterprise in-house solutions community, the company maintains an industry-leading partnership program, Attenex Advantage(TM), which includes twenty-three of the leading eDiscovery service providers across the globe. Like the Ringtail(R) eDiscovery platform offered by FTI, Attenex Patterns is one of the few products on the market today that can be offered both as a hosted solution (on-demand) or installed behind a firm's firewall (on-premises). As a result, the acquisition will accelerate FTI's ability to directly address the developing needs of the corporate marketplace, as corporate customers increasingly want both an on-premises solution to save time and money and the flexibility to use the same technology through a hosting partner for critical events.
-- Acceleration of FTI's indirect sales channel development and new cross selling for FTI and Attenex partners: The 23 Attenex Advantage partners and FTI's business partners will benefit from the combination and will be able to expand upon market resale of both the Attenex and Ringtail software platforms and supporting modules including Attenex Patterns Workbench(TM), Ringtail A2R(TM) Connector, Ringtail QuickCull(R) and Tiff-on-the-Fly(TM).
-- Strengthening and Amplifying Research & Development capabilities: Attenex not only brings an exceptional R&D staff, its location in the Pacific Northwest will increase FTI's access to engineering talent in one of the largest software development markets in the country.
-- Close integration between FTI and Attenex technologies: Over the last four years, FTI and Attenex have collaborated on the development of industry leading solutions including the recently announced the Ringtail A2R Connector software to move data between Ringtail and Attenex Patterns in 2007. Both firms recently began offering ReviewPWR(TM), a combination of Attenex Patterns and Ringtail for on-premise use by corporations and law firms, which FTI will continue to market.
'By combining Attenex with FTI, we bring to our clients and majorcompanies around the world the preeminent eDiscovery platform -- one withunparalleled intellectual property and intellectual capital comprising over570 professionals world wide.' said Joe White, Executive Vice President,Attenex Corporation.
Conference Call
FTI will host a conference call to discuss its acquisition of AttenexCorporation tomorrow, Wednesday, June 11th, at 9:00 AM Eastern Daylight Time.You can access the live call via internet broadcast through the Home Page ofthe Company's Web site at www.fticonsulting.com.
About Attenex
Attenex Corp. is changing the way corporations manage e-discovery.