Friday, February 29, 2008

Iron Mountain Looking to Continue Expanding Through Acquisition

Information storage provider Iron Mountain Inc. has named Bob Brennan as CEO. Brennan plans to use his strong background in M&A and corporate growth to drive business past $3 billion in revenues this year. "We are expanding geographically, and acquisition is definitely central to our strategy going forward," he said.

Brennan, 47, became COO for the company in 2005 through Iron Mountain's acquisition of Connected Corp., which he ran. Prior to Connected he worked for Cisco Systems Inc., which he joined when it bought American Internet, where he was also CEO. "I learned that someone has to want to buy you; you can't just sell a company," Brennan said.

Last year Boston-based Iron Mountain acquired over 20 companies. As the company continues to expand into high-growth markets such as China, Australia, Russia and Malaysia, partnering and joint ventures are also a central part of the strategy. "We have 15 joint ventures and partnerships with companies in these areas, and eight of those have ended in acquisition, and we expect the other seven to end similarly," Brennan said. Brennan added that Iron Mountain does not plan on divesting any companies.

With its November 2007 acquisition of Stratify Inc., Iron Mountain will expand in the litigation tool and technology space. "Electronic discovery makes it easier for our clients to find documents for legal reasons, so this is the next level," Brennan said.

Dell to Acquire Leading SaaS E-Mail Continuity, Compliance and Archiving Company MessageOne

Round Rock, Texas, February 12, 2008, Dell has signed a definitive agreement to acquire MessageOne, Inc., an industry leader in Software-as-a-Service (SaaS) enabled enterprise-class e-mail business continuity, compliance, archiving and disaster recovery services. The acquisition, for approximately $155 million in cash, has been approved by the board of directors of each company and is subject to regulatory approvals and customary closing conditions.

MessageOne’s suite of services helps eliminate the downtime and complexity associated with managing, archiving, e-discovery, and long-term storage of e-mail.

“This is a valuable acquisition for Dell. MessageOne’s offerings add key capabilities to our growing SaaS-enabled services portfolio for the most critical application to businesses of any size – e-mail,” said Steve Schuckenbrock, president, Dell Global Services, and chief information officer. “MessageOne’s services not only meet the needs of large companies – with an impressive roster of existing Fortune-500 customers and marquee partners as proof points – but can also scale down cost effectively to meet the needs of small and medium business customers.”

A leader in the industry, MessageOne brings to Dell world-class technology and talent that will broaden Dell’s configurable services offerings. The company plans to make MessageOne offerings available after close to both direct customers and channel partners.

Thursday, February 28, 2008

Mimosa Systems Partners With Index Engines To Deliver Proactive eDiscovery Solutions For Enterprises

Mimosa Systems, a leading provider of live content archiving solutions and Index Engines, the leader in enterprise discovery solutions for off-line data recently announced a joint partnership to meet comprehensive organizational eDiscovery requirements for on-line and off-line data solutions. The partnership of Mimosa and Index Engines blends the best of on-line and off-line eDiscovery technologies to address the myriad business challenges posed by compliance regulations and changes to the Federal Rules of Civil Procedures (FRCP).

“The December 2006 amendments to the Federal Rules of Civil Procedure for Electronic Discovery ushered in the use of email archiving for legal document retention and preservation," said Vivian Tero, Senior Research Analyst, Compliance Infrastructure, IDC. "The eDiscovery rule changes eliminated the need of emails to pass the hearsay test; hence, more companies are deploying email archiving applications to manage critical email as business records and to address future discovery burdens, as opposed to just meeting mailbox management and storage optimization needs."

Courts are getting tougher on companies that fail to provide documents, especially email. One of the main problems stemming from compliance and electronic discovery mandates is companies’ failure to find documents and email because they’ve been deleted. However, the deletion of documents is often not a reasonable defense when a company is faced with a discovery request. Together Mimosa and Index Engines address the many challenges of eDiscovery by enabling organizations to implement a powerful, litigation-ready, eDiscovery solution to rapidly, discover and retrieve time-sensitive data stored in email and offline tape repositories. Mimosa NearPoint provides award-winning, proactive archiving of on-line data stored in Exchange. The solution gives enterprises a cost-effective and robust offering to perform searches, implement retention policies and provide data protection and business continuity. While NearPoint offers an ideal solution for dealing with active data, organizations are also faced with accessing years of messaging data stored in back-up tapes which are notoriously expensive and time consuming to restore and search.

Index Engines addresses a critical need for companies to perform discovery on data stored in an off-line format such as tape for eDiscovery. Index Engines’ patented technologies automate information access and retrieval by streamlining discovery and eliminating the need to restore offline tape content in order to retrieve actionable data. The company’s technology dramatically reduces the time and cost required to restore backup tapes in order to make information discoverable. Index Engines also supports common backup formats, so tapes acquired through a merger or acquisition can be scanned and indexed, even when the tape format is not still being actively used.

Tuesday, February 12, 2008

FTI Consulting, Inc. Announces the Acquisition of Strategic Discovery, Inc.

New York, NY - February 12, 2008 - FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced the acquisition of Strategic Discovery, Inc. (“SDI”), a premier firm known for its market and thought leadership as well as its steadfast commitment to advancing rational and cost effective responses for corporate clients facing Electronically Stored Information (ESI) demands. Further details of the transaction were not disclosed.

Strategic Discovery is a leader in the litigation discovery industry with innovative, comprehensive approaches to paper and electronic discovery as well as records management. SDI’s twenty-five professionals bring more than 250 years of direct hands-on experience solving problems in law firms, major corporations and top technology and consulting firms.

E-Mail Archiving Vendor TeraCloud Acquires Estorian, Inc.

BELLEVUE—February 12, 2008 -- TeraCloud Corporation today announced the January 9, 2008, acquisition of Bellevue, Wash.-based Estorian, Inc., and the adoption of Estorian, Inc., as the company name. Estorian’s flagship product, LookingGlass, is the first and only solution to offer interactive intelligence that brings the worlds of e-mail archival, retrieval and e-discovery together in a single interface.

“LookingGlass is the new benchmark for companies interested in proactively managing their e-mail archival, retrieval and e-discovery challenges,” said Estorian President and CEO Gary Tidd. “LookingGlass finds the right data in the fastest and most cost-effective way to ‘preserve and produce obligations’ consistent with the latest Federal e-discovery rules.”

Saturday, February 09, 2008

Anacomp and IPRO Announce Strategic Technology Alliance to Streamline E-Discovery Workflow

SAN DIEGO, CA, AND PHOENIX, AZ, FEBRUARY 6, 2008 - Anacomp® Inc., a leading business process solutions company, and IPRO Tech, Inc., an innovative leader in e-Discovery software, today announced a joint technology alliance in which Anacomp will integrate IPRO's eCapture software application into its CaseLogistix® litigation support solution. The integration will increase and enhance CaseLogistix's document ingestion and production capabilities, allowing users and hosting partners to produce and process significantly higher volumes of litigation documents much more quickly, and accelerate the litigation document production and review workflow.

CaseLogistix is one of the most powerful and versatile litigation review and integration platforms available today, providing a complete solution for electronic document organization, annotation, discovery management and production. The integration between IPRO eCapture and CaseLogistix eliminates batch transfers between the applications and the associated human and system overheard. Users will be able to load large sets of unknown documents, files, and materials more rapidly and in a completely native workflow, eliminating the costly and time-consuming process of converting native files to TIFF images and extracting the text files. The integration creates an easier, faster and more cost-effective e-Discovery solution than previously existed.

"Integrating IPRO eCapture with CaseLogistix streamlines the discovery and review process, increases efficiency, reduces costs and minimizes risks," said John Turner, Anacomp's Chief Technology Officer. "This deep technical integration is the first step in an alliance that will benefit our mutual customers by delivering greater value and solving complex litigation challenges."

Thursday, February 07, 2008

E-discovery, archiving vendors team up at LegalTech

Interesting article about data archiving and e-discovery companies that are partnering up to address the "proactive" litigation readiness market. In addition to the many companies that are listed in the article, I know that WorkProducts, an Evidence Lifecycle Management company has partnered with DS3 DataVaulting, an online data archiving company. WorkProducts offers their MatterSpace appliance which helps companies comply with the FRCP litigation hold requirements, by managing the identification and preservation of both structured and unstructured data for legal discovery.

Wednesday, February 06, 2008

Attenex Announces Snapshot Review™ Package for Early and Proactive E-Discovery

NEW YORK — Feb. 5, 2008 — Attenex Corp., a leading e-discovery software provider, today from the LegalTech New York 2008 conference announced the launch of Snapshot Review, a bundled package of Attenex® Patterns® E-Discovery Software, professional consulting services and hardware to give corporations early insight into electronic data quickly and easily. Available as a three-month package, Attenex® Snapshot Review™ provides corporations with a stepping stone on which to develop a comprehensive and long-term e-discovery program.

Snapshot Review is a low-cost and easy to deploy offering of the tools, services and best practices needed by corporations to improve their e-discovery processes. With Snapshot Review, corporations can quickly identify key custodians, issues and data to inform preservation and collection policies, proactively place defensible limits on collection for the Meet and Confer meeting, more accurately budget for legal review, better assess risk and develop case strategy earlier in the discovery process. Additionally, Snapshot Review includes expert consulting services from Attenex, incorporating industry best practices.

“Having developed an e-discovery program at a Fortune 500 corporation, I understand firsthand how legal and IT departments struggle with questions about which processes or technology to implement for e-discovery,” said Ashley Watson, vice president and general counsel of Attenex. “Snapshot Review is designed specifically for those corporations that are developing or enhancing their e-discovery processes and want to take more control in-house so they can have better insight on the data, reduce legal review costs and more proactively develop case strategy.”

Saturday, February 02, 2008

Huron Consulting Group Launches V3locity a Fixed per Page Priced E-discovery Service

CHICAGO – January 30, 2008 – Huron Consulting Group (NASDAQ: HURN), a leading provider of financial and operational consulting services, today announced the launch of the Company’s litigation support initiative V3locity™, an unprecedented predictable fixed per page priced e-discovery service involving processing, hosting, review and production. V3locity (pronounced “velocity”) will save clients up to 60 percent in cost compared to similar e-discovery services.

“For law firms and general counsels, e-discovery has become a trying and inefficient process. They are facing costs that are spiraling out of control, dealing with multiple vendors and waiting months before seeing any results,” said Gary E. Holdren, chairman and chief executive officer, Huron Consulting Group. “Our new V3locity solution offers our clients a different approach based on cost savings, increased accuracy, and overall service delivered with high speed results. V3locity gives our clients a competitive advantage in litigation matters, investigations and second request/regulatory reviews.”

Electronic document discovery has become one of the single largest components of litigation, with the review portion accounting for up to 80 percent of the $3 billion a year e-discovery marketplace. Huron developed V3locity in response to market demand for cost efficiency and predictability, offering a pricing model based only on the number of pages actually subject to review with no separate hourly charges for processing, hosting or production. Huron’s V3locity model distinguishes itself from others with a combined services approach at significantly reduced cost with measurable results for clients.

“Huron's Legal Consulting business has experienced tremendous growth,” said Shahzad Bashir, vice president and practice leader for Huron Consulting Group’s Legal Consulting practice. “Huron’s growth has been largely fueled by our ability to act as the trusted business advisor to the Office of the General Counsel and their law firms. With V3locity, we are able to offer yet another market-driven, client centered solution which will revolutionize e-discovery services in large scale litigation or corporate document review situations.”

Friday, February 01, 2008

Ivize purchases litigation support business unit from Aptara

Falls Church, Virginia – January 14, 2008 – Aptara, Inc., a global leader in content transformation technology, announced today the sale of its litigation support business unit to Ivize, a market-leading provider of legal document services. Financial terms of the sale were not disclosed.

Aptara provides a range of content services enabling companies to develop, prepare, manage and present their proprietary information assets in new and innovative ways. Aptara’s proprietary technologies have made it an industry leader in the rapidly growing fields of publishing, eLearning and content management. The market for textbooks alone will reach $7.8 billion within five years, according to Forrester Research.

“Given the rapid growth of these sectors globally, it is critical that Aptara focus all of its resources on expanding its leadership positions in publishing, eLearning and content management,” said Dev Ganesan, executive vice president and chief financial officer of Aptara. “The sale of the litigation support business unit allows management and the company to focus on our core business and to continue the company’s almost twenty year legacy of developing innovative content solutions to meet customer needs.”