Competes in a highly fragmented market; Limited product offering and end-market diversity; Demand for its services tied to regulatory environment; Strong position in expanding eDiscovery market; and High recurring revenues. Adjusted leverage of 6.9x as of June 30, 2017; Free operating cash flow of $40 million to $50 million over the next 12 months; Acquisitive growth strategy; and Financial sponsor ownership. S&P Global Ratings' stable outlook on Atlanta-based DTI Holdco Inc. reflects our expectation over the next 12 months for modest revenue growth and moderate margin expansion as a result of labor and capital expenditure synergies. We anticipate mid-6x adjusted leverage in 2017 with modest deleveraging. We could lower the rating over the next year if the company experiences unanticipated
