Boston, MA — November 15, 2005 — EPIQ Systems (NASDAQ: EPIQ) has announced the acquisition of nMatrix, Inc., a leading electronic discovery products and services provider. Covington Associates LLC initiated the $125 million transaction and advised EPIQ on the acquisition.

EPIQ Systems, based in Kansas City, Kansas, is a national leader in the market for fiduciary management and claims administration systems. The acquisition of nMatrix, whose products and services are for electronic discovery and litigation support, will provide complementary diversification to EPIQ's existing legal technologies business and extend the company's presence in its core marketplace. Headquartered in New York City, nMatrix provides electronic evidence services, data management, and claims software. Its cornerstone products include DocuMatrix, eDataMatrix and CaseMatrix.

Commenting for EPIQ, Chairman and CEO Tom Olofson and President and COO Christopher Olofson, said "The acquisition of nMatrix provides us with an immediate leadership position in the high-growth electronic discovery market. There is a strong affinity between the business of nMatrix and EPIQ Systems' existing presence in the legal technology services markets."

Tim McMahon, a Managing Director at Covington Associates and lead advisor to EPIQ Systems on the transaction, was quoted as saying "The acquisition of nMatrix opens a large and growing market for EPIQ and immediately makes them a leading provider in electronic discovery, a great compliment to their current service offerings."

About EPIQ Systems
EPIQ Systems provides an advanced offering of integrated technology-based products and services. Their solutions enable clients to optimize the administration of large and complex bankruptcy, class action, mass tort, and other similar legal proceedings. EPIQ Systems' clients include corporations, attorneys, trustees and administrative professionals who require sophisticated case administration and document management capabilities, extensive subject matter expertise, and a high service capacity. They provide clients a packaged offering of both proprietary technology and value-added services that comprehensively addresses their extensive business requirements. For more information, visit www.epiqsystems.com

About Covington Associates
Covington Associates LLC is a specialty investment banking firm offering financial advisory services in the areas of mergers, acquisitions and capital raising. For more than a decade, Covington Associates' senior advisors have been providing a superior level of service to middle-market companies in the healthcare, technology and industrial/consumer sectors. Covington Associates has completed transactions ranging from $10 million to more than $1 billion for both privately held and publicly traded companies across the U.S. and abroad. To learn more about Covington Associates, visit www.covingtonassociates.com.



Company Contact
Covington Associates
[617] 314-3950
info@covingtonassociates.com