AccessData Corporation and CT Summation Announce Merger

Excerpt of press release by AccessData Corporation and CT Summation

AccessData Group, LLC to Offer Broadest eDiscovery Solutions in the Market

LINDON, UTAH and NEW YORK – Wednesday, June 9, 2010 – AccessData Corporation and CT Summation today announce they’ve signed an agreement to join forces and merge into a single company, AccessData Group, LLC. The new company will deliver an end-to-end eDiscovery software solution capable of addressing all phases of the litigation workflow.

As the leader in in-house eDiscovery collection, processing and analysis, AccessData brings to the merger an unsurpassed technology portfolio, designed to enable the world’s largest companies to take control of eDiscovery and dramatically reduce costs. Its AccessDataeDiscovery software is currently the most comprehensive eDiscovery solution on the market, enabling organizations to address litigation hold, automated collection, processing, and analysis prior to attorney review.

CT Summation, the premier provider of litigation workflow and eDiscovery solutions to law firms and corporate legal departments, brings to the deal a comprehensive suite of software products that are the gold standard throughout the legal community. CT Summation’s iBlaze, Enterprise, WebBlaze, CaseVault, CaseVantage and Discovery Cracker products have received more than 45 legal industry technology and “Reader’s Choice” awards since 1997. CT Summation is part of Wolters Kluwer Corporate Legal Services, which operates under the CT brand. Wolters Kluwer will remain as a strategic investor in the new AccessData Group, LLC, with a minority stake in the company.

By combining these complementary workflow solutions, AccessData will be able to deliver the first, true end-to-end eDiscovery software solution for corporations and law firms that supports the litigation process from litigation hold through trial.

“This is honestly the most exciting thing we have ever done here at AccessData, and I believe it will outright revolutionize the eDiscovery industry by streamlining customer’s workflows and introducing substantial cost and time savings, reducing the expense of litigation,” said Tim Leehealey CEO of AccessData. “Bringing together the legal and IT communities engaged in the eDiscovery process has long been a focus at AccessData, and this merger brings us dramatically closer to achieving that.”

The reach of the new AccessData Group will be unparalleled, encompassing the broadest set of solutions in the eDiscovery marketplace and will enable faster, more cost effective methods of gathering and reviewing electronically stored information. The new capabilities and seamless end-to-end workflow delivered by AccessData Group stands to not only dramatically enhance the user experience, but also to facilitate faster, more productive and more accurate communication between IT departments, corporate legal departments and law firms.

“The combination of these two market leaders will create a powerful end-to-end eDiscovery solution for litigation professionals,” said Richard Flynn, CEO of Wolters Kluwer Corporate Legal Services. “CT Summation has a long history of innovation and market leadership. We see this merger with AccessData as a unique opportunity to better serve our corporate and law firm customers with a robust product offering that will support them throughout the litigation cycle.”

CT Summation’s customers will benefit from the combination of the two companies in the near term, as they will soon have access to the integrated processing, powerful analysis tools, and early case assessment capabilities inherent in AccessDataeDiscovery.

Atlas Advisors acted as financial advisor to Wolters Kluwer in connection with this transaction.

Atlas Advisors is the marketing name for Atlas Advisors, LLC and Atlas Strategic Advisors, LLC. Atlas Strategic Advisors, LLC provides financial advisory services in connection with mergers, acquisitions and other similar transactions. Atlas Strategic Advisors, LLC is a wholly owned subsidiary of Atlas Advisors, LLC and a member of the FINRA.

None of the information contained in this release constitutes a recommendation, solicitation or offer by Atlas Strategic Advisors, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.