Omers Private Equity and Harvest Partners LP have agreed to buy legal software provider Epiq Systems Inc. (Nasdaq: Epiq) for $1 billion, including debt. After the transaction closes, Epiq will become part of Omers-backed outsourcing company DTI. The acquisition will expand Epiq’s and DTI’s geographic reach along with their product services.
Epiq, based in Kansas City, Kansas, provides technology designed to help law firms and legal professionals navigate through complicated information in bankruptcy, class action and mass tort cases. The company previously announced plans to explore strategic alternatives including acquisitions, divestitures and going private. In 2015, Epiq purchased e-discovery services provider Iris Data Services.