Ediscovery News with OpenText acquisition plan for Guidance Software also SandLine Discovery & EDRM
MORE EDISCOVERY CONSOLIDATION
OpenText has announced it has entered into a definitive agreement to acquire Guidance Software, the makers of EnCase forensic security, digital discovery solutions and endpoint information security.
The acquisition of Guidance is expected to complement the OpenText Discovery portfolio of software and services that provide search, extraction, classification, review and analysis of information, and to broaden OpenText Information Security capabilities through the addition of digital investigation, forensic security, and endpoint solutions.
Terms of the Agreement
Under the terms of the agreement, a newly formed, wholly-owned subsidiary of OpenText will commence a tender offer for all outstanding shares of Guidance Software for $7.10 per share in cash, for a total equity value of approximately $240 million, less Guidance Software’s cash, for an enterprise value of approximately $222 million. OpenText intends to fund the transaction with cash on hand plus existing short term debt facilities.
OpenText intends to commence the tender offer for all of the shares of common stock of Guidance Software within 10 business days. Pursuant to the agreement, the tender offer will be followed by a merger to acquire any untendered shares. The tender offer is subject to the tender of a majority of Guidance Software’s shares and certain other customary closing conditions. The transaction is expected to close in the third quarter of calendar 2017.
SANDLINE DISCOVERY EXPANDS IN MIDWEST
Sandline Discovery, a boutique litigation support and eDiscovery service provider serving both law firms and corporations in the United States and globally, announces its recent expansion to the Midwest with a new office in Detroit, Michigan. Sandline’s recent growth includes more clients with locations beyond the East Coast, prompting the company’s desire to add staff who are physically closer to those firms when the need arises for on-site visits.
EDRM TO HOST TAR EDUCATIONAL WEBINARS
EDRM has announced a new series of educational webinars addressing Technology Assisted Review (TAR). The webinars will address topics such as when to use TAR, how various TAR tools work, common pitfalls and benefits, and how to explain TAR processes to clients, judges, and others.
Free registration is now available for the first two sessions in the new series:
Technology Assisted Review: What You Need to Know, Ask, and Expect
TAR experts Bonnie Kennedy of Delta Air Lines, Avi Benayoun of Greenberg Traurig and Adam Strayer of BDO will offer a 360-degree view of the TAR process from the perspective of the client, the law firm, and the service provider. Learn the importance of open communication, what each party in the process should be sure to know and ask, and how to avoid the problems can arise during the predictive coding process.
Thursday, August 3
2 p.m. Eastern / 11 a.m. Pacific
Practical Tips for a Successful First TAR Project
Technology Assisted Review (TAR) has been judicially approved for use in appropriate cases for several years now and is a powerful tool for document review, legal investigations, and beyond, yet most corporate legal departments and law firms are not utilizing this tool. In this webinar Kelly Atherton and Sam Merritt of NightOwl Discovery will share practical tips from the trenches on setting up the project and deadlines, and to effectively train the system to most efficiently categorize and rank documents.
Tuesday, August 8, 2017
2 p.m. Eastern / 11 a.m. Pacific
Additional webinar sessions will continue into the fall, and will focus on various types of TAR technology, selecting tools, managing workflows, working with the courts, and other aspects of Technology Assisted Review. The webinars will be broadcast live and available on demand after broadcast.