Another sizable e-discovery vendor announced it is being acquired.
SPI Tech, a litigation support and e-discovery provider, announced the pending acquisition by ePLDT, Inc., a wholly-owned subsidiary of the Philippine Long Distance Telephone Company (“PLDT”). A public disclosure document indicates the agreement was reached on May 25, 2006.
It’s hard to say what it means when a telephone company acquires an e-discovery vendor. The transaction looks like it’s about business process outsourcing generally. So perhaps the e-discovery business fits under the new corporate umbrella.