KeyPoint Will Join With SOURCECORP's ERS Group to Expand Industry Leadership
in Multiple Practice Areas
DALLAS, May 4 /PRNewswire-FirstCall/ -- SOURCECORP (Nasdaq: SRCP), a
leading provider of Consulting and Business Process Outsourcing solutions
announced today the acquisition of KeyPoint Consulting LLC, a consulting firm
with 26 principals and professional staff, and a network of academic
affiliates. KeyPoint provides economic, financial, and forensic accounting
services in matters involving complex business litigation and regulation.
KeyPoint's clients include Fortune 500 companies, law firms, and government
and regulatory agencies. The firm has offices in Emeryville and Los Angeles,
California.
KeyPoint will join with SOURCECORP's ERS Group, a nationally recognized
professional services firm specializing in economic and statistical analysis,
litigation consulting and lending practice monitoring and settlements. ERS
Group has supported over 3,000 clients with research, analysis and expert
testimony in over 1,000 cases, many of which are landmark cases, and is
considered to be an industry leader in employment and fair lending litigation
issues. "With the acquisition of KeyPoint, we believe SOURCECORP has
assembled an unparalleled combination of experienced, interdisciplinary
talent, quantitative analysis tools, and dedicated computer resources and
joined them to form a world class end-to-end litigation consulting practice,"
stated Dave Delgado President of the Legal and Regulatory Division
of SOURCECORP.
Ed Bowman President and CEO of SOURCECORP added, "This acquisition
significantly expands our expertise in new practice areas and strategically
positions SOURCECORP for additional growth in our highly successful legal
consulting area. KeyPoint brings a wealth of experience, expertise, and
highly dedicated professionals into SOURCECORP to complement our current
personnel and offerings."
"KeyPoint consultants and academic affiliates work in a host of
complementary practice areas, including antitrust, regulated industries,
commercial damages, banking, intellectual property, corporate governance and
more," stated Stuart Haworth, President of ERS Group. "We feel that they
blend very well with our existing strengths in analysis of Employment, Lending
and Credit, OFFCP and AAP Compliance and our cross-practice Litigation Support
Group." Michael Doane, a Principal of KeyPoint added, "The complementary
nature of the KeyPoint and ERS Group respective practices, KeyPoint's academic
affiliate model, and most importantly, our shared vision of creating a world-
class consulting firm were the key drivers to bring this transaction
together."
About SOURCECORP(R)
SOURCECORP, Incorporated provides business process outsourcing solutions
and specialized high value consulting services to clients throughout the
U.S. SOURCECORP focuses on business processes in information-intensive
industries including healthcare, legal, financial services, government and
transportation & logistics. Headquartered in Dallas, the Company serves
clients throughout the United States through a network of locations in the US,
Mexico and India.
SOURCECORP is a component of both the S&P SmallCap 600 Index and the
Russell 2000 Index. The Company has been cited among the Top 100 Hot Growth
Companies by BusinessWeek magazine. SOURCECORP has also been recognized twice
by Forbes magazine as one of the 200 Best Small Companies, based on return
equity, sales growth, and EPS growth, and by FORTUNE magazine as one of
America's 100 Fastest Growing Public Companies. For more information
about SOURCECORP's solutions, including case-study examples, visit
the SOURCECORP website at http://www.srcp.com .
The statements in this press release, which are not historical fact, are
forward-looking statements that involve risks and uncertainties, which could
cause actual results to differ materially from such forward-looking
statements. These forward-looking statements include, but are not limited to,
any financial estimates, projections, and estimates of future contract values
included in this press release. The aforementioned risks and uncertainties
include, without limitation, the risks of integrating our operating companies
of the timing and magnitude of technological advances, of the occurrences of a
diminution in our existing customers' needs for our services, of a change in
the amount companies outsource business processes, of the impact to margins
resulting from a change in revenue mix as well as the risks detailed
in SOURCECORP's filings with the Securities and Exchange Commission, including
without limitation, those detailed under the heading "Risk Factors" in the
Company's most recent annual report on Form 10-K. SOURCECORP disclaims any
intention or obligation to revise any forward-looking statements, including
financial estimates, whether as a result of new information, future events, or
otherwise, except as required by law.
SOURCE SOURCECORP
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Related links:
http://www.srcp.com
Company News On-Call:
http://www.prnewswire.com/comp/117986.html
CONTACT:
Bryan Hill, VP and Chief Accounting Officer
of SOURCECORP, +1-214-740-6695, or bryanhill@srcp.com
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