Techbooks Acquires Whitmont Legal Technologies, Inc.

FALLS CHURCH, Va., Sept. 18 /PRNewswire/ -- Techbooks, Inc., a global leader in integrated content transformation solutions, has signed an agreement to acquire Whitmont Legal Technologies, Inc. (Whitmont), a leading litigation support and eDiscovery services company. This purchase places Techbooks squarely in the rapidly growing market for electronic data discovery (EDD) services driven by the move toward outsourced legal services. The EDD market alone is estimated to be growing at a compounded annual rate of 50% and is expected to reach $2.9B in 2007, according to the 2005 Socha-Gelbmann Electronic Discovery Survey.

Techbooks purchased Whitmont's assets to strengthen its content transformation solutions and expand its domain expertise into the outsourced legal services market. Techbooks will continue to serve Whitmont customers while extending the applications of its technology to other markets of focus including academic, media content, and corporate publishing, among others.

Whitmont provides comprehensive litigation support primarily to law firms and corporations for the legal discovery process. The rapid expansion of digital data combined with stringent regulatory mandates is increasing the importance of EDD and is driving the adoption of outsourced services and content management. Techbooks is strategically positioned at the intersection of these two fast-growing markets.

"This acquisition further enhances our commitment to providing the full life cycle of services to capture and digitize content within vertical markets that rely heavily on developing, tracking, and reporting to meet business needs," stated Ranjit Singh, Techbooks' president and chief executive officer.

Techbooks offers a comprehensive suite of services that allows customers to digitize and manage content in a re-usable format, allowing customers to uncover new revenue opportunities. By integrating Whitmont's services, Techbooks offers a full line of end-to-end litigation support solutions, including EDD, imaging, coding, hosting, data formatting and more, with full project management support.

"The combination of our two companies produces many synergies, and creates a new standard for outsourced legal workflow solutions," said Tony Ramsey, president and co-founder of Whitmont Legal Technologies. "The acquisition enables Techbooks to deliver content transformation services to multiple industry verticals, and also to provide end-to-end EDD solutions to the legal market based on proven and defensible processes, procedures, and standards."

Techbooks serves over 250 corporations and organizations around the world including some of the largest global publishers. The integration of Whitmont will add 12 U.S. offices and major new corporate and law firm customers. Tony Ramsey will join the Techbooks team as senior vice president of litigation support reporting to Ranjit Singh, and will continue to lead the sales and operational activities of the legal support division.

JMP Securities LLC served as financial advisor to Techbooks in connection with this transaction.

About JMP Securities

JMP Securities LLC is a full-service investment bank providing equity research, institutional brokerage, and investment banking services to public and private growth companies and their investors. Headquartered in San Francisco, CA, JMP Securities serves six growth industries: technology, healthcare, consumer, real estate, financial services and business services. For more information, visit http://www.jmpsecurities.com/.

About Whitmont Legal Technologies, Inc.

Whitmont Legal Technologies, Inc., was founded in 1991. Whitmont is a comprehensive document and eDiscovery solutions provider serving law firms, corporations, and government agencies. Whitmont's consultative approach leverages proven technology, professional resources, and optimized workflows to provide our customers a competitive advantage with maximum value. Whitmont is headquartered in Los Angeles, CA, and employs more than 300 people across the United States. Additional information about Whitmont can be found at http://www.whitmont.com/.

About Techbooks

Techbooks delivers technologically advanced and integrated content transformation solutions that enable customers to unleash the value of their content and uncover new revenue opportunities. Techbooks delivers full life- cycle content management services -- content capture, digitization and distribution -- to leading publishers, Fortune Global 500 companies, and the legal community. Techbooks also provides solutions to financial institutions, information aggregators, professional societies, government agencies, universities, libraries, and the automotive, petrochemical and pharmaceutical industries. Headquartered in Falls Church, VA, the company employs more than 4,000 people worldwide. For more information on Techbooks and its services please visit http://www.techbooks.com/.

CONTACT: Shany Seawright, +1-301-408-4500, or sseawright@gotostrategic.com, for Techbooks, Inc.