FTI Consulting Inc. (NYSE: FCN) has agreed to acquire Attenex Corp., a Seattle-based provider of document analysis and visualization software for electronic discovery. The deal is valued at approximately $88 million in cash, and is expected to close next quarter. Attenex raised $5 million from Voyager Capital in 2005.
FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that is has signed a merger agreement to acquire Attenex Corporation, a leading eDiscovery software provider. The total purchase price for the transaction is approximately $88 million in cash and is expected to close in the third quarter of 2008 after expiration of the HSR waiting period. After amortization of intangibles, the acquisition is expected to be neutral to FTI's earnings per share in 2008 and accretive in 2009. Attenex had revenue of approximately $25 million in 2007.
Founded in 2001 in Seattle, Washington, Attenex is a globally-recognized leader in the eDiscovery marketplace. Its innovative enterprise class Attenex Patterns