KANSAS CITY, Kan., Oct. 17, 2012 (GLOBE NEWSWIRE) -- Epiq Systems, Inc. (Nasdaq:EPIQ), a leading provider of managed technology for the global legal profession, today announced it has initiated construction on a 20,000 square foot expansion to its corporate headquarters in Kansas City, Kansas. The approximate $7.5 million facility expansion will primarily accommodate the company's growing requirements for technology professionals. Upon completion in summer 2013, Epiq will be positioned to expand its Kansas City workforce to more than 200 associates. Epiq currently employs approximately 1,000 associates worldwide.
The company expects to receive approximately $4.5 million of incentives related to the facility and employment expansion in the form of property tax reductions, sales tax exemptions and Kansas income tax credits.
"Through the expansion of our corporate headquarters, we will be better equipped to fulfill the growing demand for Epiq's technology-enabled solutions," said Tom W. Olofson, chairman and CEO, Epiq Systems. "Additionally, we are pleased to reinvest in the local community and bring additional jobs to Kansas City, Kansas."
"Connecting business and technology is vital for our community," said Kansas City, Kansas Mayor Joe Reardon. "Epiq's expansion aligns with that goal by employing top business and technology professionals in the area, helping to strengthen our city's dynamic and diverse culture. This expansion continues what promises to be a record setting year for new business and economic development in Wyandotte County."
About Epiq Systems
Epiq Systems is a leading global provider of technology-enabled solutions for electronic discovery, bankruptcy and class action administration. We offer full-service capabilities, which include litigation, investigations, financial transactions, regulatory compliance and other legal matters for eDiscovery. Our innovative technology and services, combined with deep subject-matter expertise, provide reliable solutions for the professionals we serve.
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Source:Epiq Systems, Inc.