Court Reporter Credit: Zhang Sheng/Shutterstock.com

 

On March 21, Veritext Legal Solutions announced that it has acquired Epiq's court reporting business, expanding Veritext's litigation support capabilities and allowing Epiq to focus on other lines of business.

Veritext said it “will remain committed” to Epiq court reporting clients, continuing to “deliver the best service in the industry, including world-class data security.” Current Epiq court reporting clients will also gain access to Veritext technologies and solutions, as well as the company's more than 60 brick-and-mortar locations with deposition suites.

Current Epiq employees in the court reporting business will be folded into Veritext in the coming months, with these employees moving to Veritext locations across the country, a press release announcing the transaction added. Financial details of the deal have not been announced.

David Dobson, chief executive officer of Epiq, noted in the release that the deal was made with an eye towards the future, as the company did not feel it had the same commitment to the court reporting space as Veritext. “While this was a solid business for Epiq, it was clear to us that it would be best served if aligned with an organization focused on investing in and growing court reporting and related services in the U.S.,” Dobson explained.

Meanwhile, Nancy Josephs, chief executive officer of Veritext, reaffirmed her company's commitment to the court reporting space, saying Veritext had “a long-standing history of being a prominent supporter of the stenographic court reporting community.”

She added, “We know that stenographic court reporting is an irreplaceable gold standard of testimony capture, and this acquisition further solidifies our commitment to this profession and the community overall.”

M&A activity is nothing new to Veritext, which also acquired David Feldman Worldwide in 2018 for increased scale.