Seth Rierson Appointed Segment Leader of FTI Technology
Industry Veteran to Lead FTI’s Continued Global Growth in E-Discovery Market
NEW YORK, NY January 5, 2010 – FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, has appointed Seth Rierson to segment leader of the FTI Technology business segment. As segment leader, Mr. Rierson is responsible for the strategic direction and continued global growth of FTI Technology.
“Seth has been with FTI since 1995 and helped found our technology business. He is a leader not only in the creativity, design and concept of the business, but also a leader by example in the all-important areas of people development and client service,” said Jack Dunn, President and Chief Executive Officer of FTI Consulting. “We are excited to see him take the helm of a business that he and the team have grown from an idea just a decade ago into a world-class organization that delivers products, services and advice to clients across the globe.”
In addition to managing the growth of FTI Technology, Mr. Rierson has led numerous large-scale, multi-district litigation and e-discovery matters for a number of Fortune 500 clients. Prior to joining FTI, Mr. Rierson spent six years at Kirkland & Ellis in Chicago and Washington, D.C where he helped empower practitioners through the effective use of technology.
“FTI Technology is continually recognized as a leading player in e-discovery because of the strength and diversity of our innovative products, expert consulting and on-demand services,” said Seth Rierson, Senior Managing Director and FTI Technology Segment Leader. “It is an honor to be selected for this position and I look forward to leading FTI Technology in its next phase of growth.”
The FTI Technology segment offers on-premise and on-demand e-discovery software as well as complementary services and consulting to give customers unprecedented flexibility to address e-discovery challenges at any stage of the process. FTI’s legacy knowledge and unparalleled R&D investment in e-discovery uniquely positions the firm to capture a large share of the e-discovery software market, which Gartner Research estimates will grow at 21% CAGR between 2008 and 2013. For the second year in a row, Gartner Research recently named FTI Technology as a “strong positive” in the 2009 MarketScope for E-Discovery Vendors report, one of only five vendors named in the highest category and the only one to offer software, consulting and services that span the entire e-discovery process.
Seth Rierson assumes leadership of FTI Technology from David Remnitz, who has joined the FTI corporate team as Senior Managing Director/ Corporate Technology and Client Development. In his new role, Mr. Remnitz will help to develop major corporate client relationships, oversee special integration projects and advise on general corporate technology issues.
For more information, please visit www.ftitechnology.com.
About FTI Consulting
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 3,400 employees 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 may include "forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenues, future results and performance, expectations, plans or intentions relating to acquisitions and other matters, business trends and other information that is not historical, including statements regarding estimates of our future financial results. When used in this press release, words such as “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, estimates of our future financial results, are based upon our expectations at the time we make them and various assumptions. Our expectations, beliefs and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs and projections will result or be achieved or that actual results will not differ from expectations. The Company has experienced fluctuating revenue, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. 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.
FTI, Ringtail, Attenex and Patterns are registered trademarks of FTI Consulting, Inc. or a subsidiary.
Any other trademarks are the property of their respective owners.