Xact Data Discovery Continues Pattern of Growth

USA/Canada News

11
Mar
2014

Editor

Xact Data Discovery (XDD), a leading international provider of discovery and data management services for law firms, corporations and government agencies, has announced the company has achieved record growth for the second consecutive year. XDD saw an increase in overall revenue in 2013 by more than 20 percent compared to 2012, a reflection of both organic growth and a significant acquisition.

In June 2013 Xact Data Discovery completed a Chicago-based acquisition to further expand operations in that market. The company also made new investments in its India operations, including the opening of a second India location in Bangalore to support its growing managed review business. XDD’s India project management team was expanded, and its production engineering team grew by more than 25 percent. The company’s e-discovery processing facility in Richardson, Texas also saw tremendous growth, adding to its team by 92 percent and gaining a 70 percent increase in direct business. 

XDD saw increased business last year in all of its core service offerings, including data hosting and e-discovery processing revenue, which grew by 61 percent and 37 percent, respectively. New client revenue increased 142 percent last year, accounting for a large portion of that growth. The company also initiated a domestic managed review offering in 2013, which has seen explosive growth since its inception.

“To support the company’s sustained growth, Xact made several important talent acquisitions in 2013, and those added resources helped position us for even greater success. The collection of experts we have on staff to provide our clients consulting, project management and all of our services continues to differentiate XDD and sets us up for even greater growth and success this year and into the future,” says Xact Data Discovery CEO Robert Polus.

The company plans continued investments in both organic and acquisition growth during the coming year.