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Epiq Systems board Oks $35M buyback program

KANSAS CITY, Kan. (AP) -- Epiq Systems, which provides technology services to law firms, announced a $35 million share buyback program Monday.

Tom Olofson, Epiq's chairman and chief executive, said the approval of the stock buyback program, along with the company's dividend, show the continued confidence management has in Epiq and its commitment to building long-term shareholder value.

As of June 1, Epiq had about 36 million shares of common stock outstanding.

Shares of Epiq Systems Inc., rose 50 cents, or 4.6 percent, to $11.40 in afternoon trading.