Epiq, a provider of legal services and technology, has sold its Global Business Transformation Solutions (GBTS) division to K2 Services, a managed services provider.
In its press release, Epiq notes that this strategic move signals its intent to sharpen its focus on and increase investment in its core, technology-driven legal offerings.
As Epiq’s Chief Executive Officer (CEO), David Dobson notes, “The sale of Epiq GBTS is a strategic shift as we continue to focus on innovation, expanding our technology portfolio, and delivering even greater impact to our clients across the legal ecosystem.”
For K2 Services, the acquisition instantly expands its portfolio and market reach by absorbing an entire division of a major industry player.
The acquired Epiq GBTS business has a record of assisting organizations in streamlining operations and improving efficiency through outsourcing front, middle, and back-office business services.
This fusion will enable K2 Services to provide greater scalability, centralized operations, and improved cost-effectiveness to a larger customer base, making significant progress toward becoming one of the managed services providers.
The new entity will be spearheaded by Michelle Deichmeister, the former President of Epiq GBTS, who has been appointed as its CEO.
Under her leadership, the business is poised to evolve beyond traditional managed services; Deichmeister stated, “By combining proven expertise, integrated capabilities and a clear go-to-market focus, K2 Services’ new entity will redefine how organizations tackle operational transformation.”
Read full article: https://news.outsourceaccelerator.com/epiq-sells-division-to-k2-services/
