“Our focus on certain corporate vertical markets and law firm segments is responsible for our rapid growth," said Christian Lawrence, Discovia's CEO.
San Francisco, Calif. (PRWEB) August 09, 2016
Discovia, a leading global provider of eDiscovery services to corporations, law firms and government entities, announced today that it achieved record sales performance for the fiscal second quarter ending June 30, 2016. This was the company’s best quarterly revenue performance since it was founded in 2003.
“We have tremendous momentum,” said Discovia’s CEO Christian Lawrence. “Our focus on certain corporate vertical markets and law firm segments is responsible for our rapid growth. We have retained over 100% of our business from our Top 25 clients in 2015, and we see continued growth in recurring revenue business segments such as managed services and data hosting.”
Lawrence noted that the company’s net revenue grew by over 59% in the second quarter of 2016 versus Q2 2015 and its twelve trailing months’ (TTM) net revenue ending June 2016 was up 42% versus the prior year.
Discovia provides electronic discovery services to corporations and law firms engaged in litigation, ITC investigations, and internal and regulatory investigations, including HSR Second Requests. Services include onsite and remote data collections, data minimization, data processing and hosting, expert application of leading technology-assisted review tools, document review management, and document productions. Discovia is one of the only eDiscovery services providers to achieve ISO 27001 certification and HIPAA/HITECH compliance for data security according to third-party auditors. Discovia is the first to publish its accuracy rate – 99.7 percent, and typically achieves data culling rates of 95 percent for repeat clients. Discovia is the first eDiscovery services firm to deliver a fixed-price managed services solution, enabling corporate legal departments and law firms to gain a world-class eDiscovery function with complete cost predictability. More information is available at (415) 392-2900 or http://www.discovia.com.