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NEW YORK - Business advisory firm FTI Consulting Inc. said Tuesday it plans to buy Attenex Corp. for about $88 million in cash.
| FCN | 66.37 |  2.07 |
The acquisition, which is expected to close in the third quarter, will add to earnings in 2009, the company said.
The Seattle-based Attenex, which had revenue of about $25 million in 2007, provides software that automates data processing and provides visualization tools for analyzing massive amounts of electronically stored information. Attenex helps corporations and their law firms comply with regulatory requests and internal investigations by assisting them with the electronic-discovery process.
Attenex staffers Kathryn Hardie, J.R. Jesson, Mike Kinnaman and Joe White will join FTI as senior managing directors in FTI's technology segment, the company said.
The acquisition expands FTI's software offerings, and enhances its position in the space, the company said.
FTI shares lost 83 cents to close at $55.47.
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