epiq systems inc (EPIQ) Key Developments
Epiq Systems, Inc. Releases Version 1.2 of Epiq Analytics(TM) to Enable Faster, Easier and More Informed eDiscovery Strategy Decisions
Apr 10 14
Epiq Systems, Inc. announced the general availability of version 1.2 of its eDiscovery software, Epiq Analytics(TM). Building on company's proprietary software offerings for processing, hosting, document review, technology-assisted review, production and workflow management, Epiq Analytics enables legal teams to improve eDiscovery strategy decisions utilizing user-friendly early case assessment and analytics. The latest release of Epiq Analytics includes: Enhanced user experience to easily view and analyze multiple data sets; Enhanced domain analysis and domain analysis reporting; Improved document clustering functionality; Additional exportable reports; SEC formatted exports; Faster analysis.
Epiq Systems, Inc. Completes Repricing of $300 Million Term Loan
Mar 27 14
Epiq Systems, Inc. announced that it has completed a repricing of the $300 million term loan under its senior secured credit agreement. The repricing has lowered the term loan interest rate by a total of 50 basis points. The amended pricing with respect to the term loan reduces the interest rate options under the company's senior secured term loan by 25 basis points and reduces the interest rate floor options under the term loan by 25 basis points. The maturity of the term loan remains August 2020 and all other material provisions under the senior secured credit agreement remain unchanged, including the $200 million uncommitted accordion feature of the credit agreement which would allow the company to increase the credit agreement from $400 million to $600 million.
Epiq Systems, Inc. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
Mar 10 14
Epiq Systems, Inc. announced earnings results for the fourth quarter and year ended December 31, 2013. The company has reported that net income for the fourth quarter ended December 31, 2013 was $96,000, or $0 per diluted share, compared to $3.96 million, or $0.11 per diluted share, for the same quarter ended December 31, 2012. Total revenue for the fourth quarter ended December 31, 2013 was $129.44 million, compared to $95.73 million for the same quarter ended December 31, 2012.
Net income for the year ended December 31, 2013 was $11.11 million, or $0.3 per diluted share, compared to $22.43 million, or $0.61 per diluted share, for the year ended December 31, 2012. Total revenue for the year ended December 31, 2013 was $482.08 million, compared to $373.08 million for the year ended December 31, 2012.
Epiq Systems, Inc. Approves Quarterly Dividend, Payable on June 3, 2014
Mar 7 14
Epiq Systems, Inc. announced that its Board of Directors has approved a cash dividend of 9.0 cents per share of outstanding common stock. The quarterly cash dividend will be payable June 3, 2014, to shareholders of record at the close of business on May 1, 2014.
Epiq Systems, Inc. Announces Resignation of Elizabeth M. Braham as Executive Vice President and Chief Financial Officer, Effective March 14, 2014
Mar 6 14
Epiq Systems, Inc. announced the resignation of Elizabeth M. Braham as executive vice president and chief financial officer, effective March 14, 2014. Ms. Braham is expected to continue in a consulting role with the company during the transition.