KANSAS CITY, Kan., Dec. 28, 2011 (GLOBE NEWSWIRE) -- Epiq Systems, Inc.
(Nasdaq:EPIQ), a leading global provider of technology solutions for
the legal profession, today announced the acquisition of De Novo Legal
LLC, a significant U.S. e-discovery provider with particular prominence
in managed review services. Epiq paid closing consideration of
approximately $68 million, which was funded from the company's credit
facility. The transaction also includes a deferred cash component and
an opportunity for contingent consideration based on future revenue
growth.

With this transaction, Epiq further strengthens its leading global
e-discovery franchise, providing corporate legal departments and law
firms with full-service capabilities to manage electronic information
for discovery, investigations, regulatory issues, compliance, and
related legal matters.

De Novo augments Epiq's capacity for managed review services and
broadens Epiq's e-discovery customer base. De Novo has document review
centers in key strategic locations in the United States and is among
the largest providers of managed review and staffing services. De Novo
also offers clients e-discovery processing and hosted review platforms.
For 2011 on a pro forma basis, De Novo represents an approximate 30% to
40% revenue increase to Epiq's projected standalone e-discovery
segment.

Epiq originally introduced an organically developed service extension
for managed review in 2009, which has grown consistently since its
inception. This acquisition positions Epiq to offer unrivaled
throughput and responsiveness to customers from multiple domestic and
overseas locations.

Significant subject matter expertise combined with scale, reach and
capacity are important attributes of Epiq's worldwide e-discovery
business and constitute key competitive differentiations. Whether for
individual complex engagements or for continuing relationships with
multinational corporations or global law firms, the availability of
end-to-end services and choice of multiple technologies positions Epiq
in the top bracket of market participants. The company has full-service
e-discovery operations in New York and Phoenix domestically, and London
and Hong Kong internationally.

Christopher E. Olofson, president and COO of Epiq Systems, stated,
"Today's acquisition further advances Epiq's leadership position in the
attractive e-discovery space. With a strong customer base and extensive
track record for successful client engagements, De Novo is an excellent
addition to our e-discovery business. We see a significant opportunity
in 2012 and are positioned well for strong growth."

Epiq Systems expects this to be an accretive transaction for the full
year in 2012.

Conference Call

The company will host a conference call Thursday, December 29, at 8:00
a.m. central time to discuss the acquisition. The internet broadcast of
the call can be accessed at www.epiqsystems.com. To listen by phone,
please call (877) 303-6311 before 8:00 a.m. central time. International
participants may dial (631) 813-4730. An archive of the internet
broadcast will be available on the company's website for 90 days. A
recording of the call will also be available through January 29, 2012,
beginning approximately two hours after the call ends. To access the
recording, please call (855) 859-2056 and enter conference ID number
39904387.

About Epiq Systems

Epiq Systems is a leading provider of managed technology for the global
legal profession. Our solutions streamline the administration of
bankruptcy, litigation, financial transactions and regulatory
compliance matters. We offer innovative technology solutions for
electronic discovery, document review, legal notification, claims
administration and controlled disbursement of funds. Our clients
include leading law firms, corporate legal departments, bankruptcy
trustees, government agencies, mortgage processors, financial
institutions, and other professional advisors who require innovative
technology, responsive service and deep subject-matter expertise.

The Epiq Systems, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5250

Forward-looking and Cautionary Statements

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and
include, but are not limited to, any projection or expectation of
earnings, revenue or other financial items; the plans, strategies and
objectives of management for future operations; factors that may affect
our operating results; new products or services; the demand for our
products or services; our ability to consummate acquisitions and
successfully integrate them into our operations; future capital
expenditures; effects of current or future economic conditions or
performance; industry trends and other matters that do not relate
strictly to historical facts or statements of assumptions underlying
any of the foregoing. These forward-looking statements are based on our
current expectations which may not prove to be accurate.
Forward-looking statements may be identified by terms such as
"believe," "expect," "anticipate," "should," "planned," "may,"
"estimated," "goal," "objective," "seeks," and "potential" and
variations of these words and similar expressions or negatives of these
words. Because forward-looking statements involve future risks and
uncertainties, listed below are a variety of factors that could cause
actual results and experience to differ materially from the anticipated
results or other expectations expressed in our forward-looking
statements. These factors include (1) any material changes in our total
number of client engagements and the volume associated with each
engagement, (2) any material changes in our clients' deposit portfolio
or the services required or selected by our clients in engagements, (3)
material changes in the number of bankruptcy filings, class action
filings or mass tort actions each year, or changes in government
legislation or court rules affecting these filings, (4) overall
strength and stability of general economic conditions, both in the
United States and in the global markets, (5) significant changes in the
competitive environment, (6) risks associated with handling of
confidential data and compliance with information privacy laws, (7)
changes in or the effects of pricing structures and arrangements, (8)
risks associated with the integration of acquisitions into our existing
business operations, (9) risks associated with indebtedness, (10) risks
associated with foreign currency fluctuations, (11) risks associated
with developing and providing software and internet-based technology
solutions to our clients, (12) risks associated with interruptions or
delays in services at data centers, (13) risks of errors or failures of
software or services, (14) risks associated with our international
operations, (15) risks of litigation against us, and (16) other risks
detailed from time to time in our SEC filings, including our most
recent annual report on Form 10-K, quarterly reports on Form 10-Q and
current reports on Form 8-K. In addition, there may be other factors
not included in our SEC filings that may cause actual results to differ
materially from any forward-looking statements. We undertake no
obligation to update publicly or revise any forward-looking statements
contained herein to reflect future events or developments, except as
required by law.


CONTACT: Lew Schroeber
         Investor Relations
         Telephone: 913-621-9500
         Email: ir@epiqsystems.com
         www.epiqsystems.com