Published:
FTI Consulting, Inc. Announces the Acquisition of TSC Brasil
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 inSao 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 inBrazil and greaterSouth 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 inSouth 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 inBrazil 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.
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