Xact Data Discovery (XDD), a leading international provider of discovery and data management services for law firms, corporations and government agencies, announced today the company achieved record growth for its fiscal year 2012 and is already on track for a successful 2013. In addition to significant revenue increases last year, XDD is exceeding 2013 projections based on the results of its first quarter ended March 31, 2013.
Xact Data Discovery saw its eDiscovery processing and data hosting revenue grow in 2012 by 49 percent and by 58 percent, respectively, compared to 2011. The substantial increase was the result of growth both organically and by acquisition. To support the steady revenue climb, XDD added 88 net new full-time employees in offices nationwide over the past twelve months, 27 percent of which were discovery consultant or senior management positions.
Xact Data Discovery has 15 locations across the country. The company completed key acquisitions in Houston, Texas, and Minneapolis, Minnesota, to expand its presence and better support existing clients in those markets. For the first quarter of 2013, XDD has already exceeded budgeted revenue projections and is ahead of its budgeted income by more than 250 percent.
“The growth and success of XDD in 2012 and thus far in 2013 position our company for new investments in both human and technology resources to further support additional expansion this year and beyond,” says Xact Data Discovery CEO Robert Polus. The company expects to complete one new acquisition in the coming quarter.
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