FTI Consulting, Inc. Announces the Acquisition of TSC Brasil
- Acquisition extends FTI's electronic discovery platform into the developing Brazilian marketplace -
BALTIMORE, Md., Feb. 28 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that it has acquired TSC Brasil Limitada (TSC), the leading systems integrator and computer forensic and IT security consultant in the Brazilian and greater South American marketplace. Terms of the transaction were not disclosed.
Founded in 1999, TSC is headquartered in Sao Paulo. TSC is a leading provider of a full suite of digital risk management services, including IT security, computer forensics, and consulting services. The firm has developed an innovative new approach, "Digital Risk Management", which leverages its expertise across its various service areas to provide clients with a complete end-to-end solution to their computer risk management needs. TSC's client base includes a number of the region's leading companies, as well as multi-nationals doing business in Brazil and greater South America. TSC will be integrated into FTI's global business intelligence and investigations group, reporting directly to Frank Holder, Senior Managing Director in FTI's Forensic and Litigation Consulting (FLC) practice. Rinaldo Angelicola, Paulo Araujo and Eduardo Sanches of TSC have joined FTI as Managing Directors in the Company's FLC practice.
"TSC represents another excellent acquisition for FTI that further enhances our ability to help our clients in South America manage their enterprise risks," said Jack Dunn, President and CEO of FTI. "It will extend our eDiscovery platform into this large and dynamic market where we are experiencing dramatic growth driven by accelerated anti-money laundering and Foreign Corrupt Practices Act (FCPA) activity plus a growing number of cross-border assignments from domestic clients expanding into foreign markets. It will also complement the services we provide in our FLC practice, and will further enhance our dedication to providing our customers with the market leading technology to address their risk management and mitigation needs. TSC has excellent long-term growth prospects, a strong reputation in its market and domain expertise in the financial services sector."
"We see tremendous opportunity to leverage the respective capabilities and relationships of FTI and TSC," said Frank Holder, Senior Managing Director in FTI's Forensic and Litigation Consulting practice, "We have worked with TSC on a variety of matters for over five years, and know them well. Their capabilities, service offerings and clientele are complementary to our business, and their expertise in digital risk management within the prevailing legal systems will enhance our ability to mitigate the overall enterprise risks of our clients."
Rinaldo Angelicola, founding partner and Director of Business Operations of TSC commented, "We are very pleased to be joining FTI, who will enable us to take our business to the next level. FTI brings us the resources, additional services, access to clients and a worldwide platform to better service our clients in Brazil and now around the world."
About TSC Brasil
TSC Brasil, Ltda. is a digital risk management firm dedicated to helping organizations manage, protect and enhance the security of their digital assets through IT security services, computer forensics, systems integration, compliance and consulting services. With more than 70 professionals located in Brasil, TSC is one of the top firms in the country related to these issues. More information can be found at www.tscbrasil.com.br.
About FTI Consulting, Inc.
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 2,800 professionals located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks including statements related our future financial results. There can be no assurance that actual results will not differ from the company's expectations. The Company has experienced fluctuating revenues, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. As a result of these possible fluctuations, the Company's actual results may differ from our projections. Further, preliminary results are subject to normal year-end adjustments. Other factors that could cause such differences include the pace and timing of the consummation and integration of past and future acquisitions, the company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described under the heading "Item 1A. Risk Factors" in the Company's most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.
SOURCE FTI Consulting, Inc. -0- 02/28/2008 /CONTACT: Jack Dunn, President & CEO, FTI Consulting, Inc., +1-410-951-4800; Investors: Gordon McCoun, or Media: Andy Maas, both of FD for FTI Consulting, Inc., +1-212-850-5600/ /Web site: http://www.tscbrasil.com.br http://www.fticonsulting.com / (FCN) CO: FTI Consulting, Inc.; TSC Brasil Limitada ST: Maryland, Brazil IN: HTS CPR ITE FIN SU: TNM JR-MJ -- NYTH138A -- 3485 02/28/2008 17:10 EST http://www.prnewswire.com