FTI Consulting Completes Acquisition of Attenex

FTI Consulting, Inc., a business advisory firm dedicated to helping organizations protect and enhance their enterprise value, has completed its acquisition of Attenex Corporation, a eDiscovery software provider, for $88 million in cash, as previously announced.

Attenex is a globally recognized leader in the eDiscovery marketplace with innovative software solutions that automate data processing and provide powerful visualization tools for quickly analyzing massive amounts of electronically stored information (ESI). The Attenex software is available either on-premise or as a hosted service through Attenex Advantage(TM) partners, the industry’s largest network of global service providers. As a part of FTI Consulting, Attenex has been integrated into the FTI Technology segment.

"We are very pleased to have completed this strategically important transaction," said Jack Dunn, FTI’s president and chief executive officer. "The acquisition of Attenex joins two of the most well respected brands in the industry, and positions FTI and the Technology segment as the market leader in eDiscovery with a full suite of products and solutions to meet our clients’ evolving needs and the global reach to provide these services where they are needed. We are better positioned than ever to take advantage of this rapidly growing business."

"This transaction positions FTI’s Technology segment as the provider of the most robust set of ESI capabilities in the marketplace," said David Remnitz, leader of the FTI Technology segment. "The combined FTI/Attenex platform will benefit from a broader intellectual property portfolio, enhanced capability to leverage the rapidly developing opportunity for enterprise in-house solutions, and a strong indirect sales channel that includes both FTI and Attenex Advantage partners. The outlook for the ESI marketplace continues to be strong, and we look forward to working together as one firm to take advantage of the opportunities ahead of us."