Tuesday, June 15, 2010

Precise, Inc. Acquires eDiscovery Software Provider LitSoft LLC

Acquisition expands Precise’s portfolio of eDiscovery and document review offerings.

Pittsburgh, PA (PRWEB) June 15, 2010 -- Precise, Inc. (www.precise-law.com), a trusted provider of electronic discovery solutions and trial support services, today announced the completion of an agreement whereby it has acquired LitSoft LLC, a provider of eDiscovery software as a service (SaaS) founded in 2006 in Annandale, VA. The purchase of LitSoft is a strategic addition to Precise’s rapidly expanding suite of eDiscovery solutions. Specifically, Precise will make use of LitSoft’s flagship product, LitScope, an online document review application featuring an intuitive user interface built to enable fast, reliable, and efficient review with minimal training requirements.

The acquisition will extend Precise’s portfolio of discovery and document review offerings for its corporate and law firm clients. Precise will leverage LitScope’s review platform by emphasizing and building upon the application’s streamlined architecture, specifically designed to simplify the document review process and reduce the costs associated with the review and production of electronically stored information (ESI). The addition of LitSoft’s technology to Precise’s existing array of services reinforces the firm’s commitment to providing a complete suite of litigation support technologies including a full range of trial support services and eDiscovery solutions, from forensic data collection to full-scale document review.

Precise’s CEO, Peter L. Mansmann, Esq., states, “The acquisition of LitSoft supports our company’s mission of continued expansion in the eDiscovery market in direct response to ongoing demand for our services. Incorporating LitScope’s proven review technology into our current breadth of eDiscovery expertise further reinforces our position as a trusted provider of comprehensive discovery and trial support services to the legal community.”

Steve Jreige, former managing partner of LitSoft added, “The LitSoft team and I are extremely excited to join Precise, particularly given its outstanding reputation in the industry. We look forward to continuing to develop and bring to market leading edge eDiscovery technology, and I believe this acquisition greatly enhances our ability to do so.”

Under the terms of the acquisition agreement, Mr. Mansmann will remain Precise’s CEO, Mr. Jreige will join the company as executive vice president of product development, and LitSoft will be integrated into Precise’s eDiscovery division headed by Joseph Venturella.

About Precise, Inc.
Precise, Inc. is a trusted provider of comprehensive, cost-efficient eDiscovery and trial support services, which encompass a range of impressive technologies including forensic data collection and ESI processing, custom graphics and animation, video production services, and digital courtroom presentations. Precise is headquartered in Pennsylvania, with offices in Pittsburgh, Philadelphia, and Washington, D.C. To learn more about Precise’s collaborative litigation support services, please visit www.precise-law.com or call 412-281-8699.

Marketing Contact
Precise, Inc.
Erin Marks
412-281-8699 ext. 104


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