Tuesday, March 25, 2008

AccessData Releases New eDiscovery Software

LINDON, Utah--March 24, 2008--Today, AccessData announced the release of AccessData® (AD) eDiscovery, designed to be the most effective, automated, in-house eDiscovery solution available. It is the only solution to address all data equally, enabling organizations to identify, preserve and process data from desktops, servers, popular data repositories, databases and email. In addition, AD eDiscovery is the first in-house eDiscovery solution that can be used by anybody from paralegals to highly technical IT personnel.

“When compared to other eDiscovery solutions on the market, AccessData eDiscovery is by far the easiest to use," said Tim Leehealey, CEO of AccessData. Organizations traditionally rely on several products and vendors to effectively respond to litigation matters, but now organizations can address the eDiscovery lifecycle with a single solution. With an easy-to-use interface, AD eDiscovery maps to the Electronic Discovery Reference Model, virtually walking an organization through the eDiscovery process. This advanced workflow, combined with legal matter management and analytics, as well as automated mapping of the custodian data universe, makes AccessData eDiscovery the genesis of a new era in electronic discovery.

Monday, March 17, 2008

Gartner MarketScope for E-Discovery and Litigation Support Vendors, 2007

Gartner evaluated 29 vendors across a number of criteria such as: Market Understanding, Innovation, Market Responsiveness and Track Record, Offering (Product) Strategy, Business Model, Customer Experience, Marketing Strategy and then rated them based on their findings.

Inclusion and Exclusion Criteria
To be included in the final published report, a vendor must meet
the following criteria: Have an IT targeted tool or tools that enable the identification, preservation collection and initial processing of files requested by a legal or compliance officer to cover the steps of RM, identification, preservation, collection and processing of the electronic discovery reference model (EDRM).

Have software that enables legal personnel to review documents and process them more quickly, shows relationships between documents or persons mentioned in or originating documents – or any other functionality that can be shown to reduce attorney review time to cover in covering the processing, review, analysis,
production and presentation steps of the EDRM.

Realizes at least 25% of its revenues – or revenues from an ediscovery business unit from a software tool or service that performs identification, collection and preservation of files in various locations – OR an “attorney review platform” that allows enterprise end-users to upload and review documents.

In addition to the above criteria, it was necessary to assign a cutoff date for inclusion in this report.....

Friday, March 14, 2008

Anacomp Receives $8 Million in New Financing

SAN DIEGO, March 13 /PRNewswire-FirstCall/ -- Anacomp(R) Inc., a leading business process solutions company, today announced that it has raised $8.0 million in secured senior subordinated debt from its two principal shareholders. The debt, which has a stated maturity of five years from date of issuance, also entitles the investors to purchase an additional $2.0 million at the same terms as the initial investment. The new financing will help support Anacomp's aggressive growth initiatives.

"This investment is an affirmation of our vision to transform Anacomp into a highly profitable business process solutions company, offering leading software as a service (SaaS) applications in litigation support, finance and accounting, and human resources which leverage our leading on-demand business process platform for enterprise capture, hosted repository, and business process management," said Howard Dratler, Anacomp's President and CEO. "These proceeds will be used to fund ongoing investments in product development, sales, marketing and our technology infrastructure both in the United States and in Europe."

Wednesday, March 12, 2008

FTI Consulting and DiscoveryBox Enter Partnership Agreement

CHICAGO, March 12 /PRNewswire/ -- DiscoveryBox, designer of the only enterprise-class, fully-integrated, end-to-end legal hold and electronic discovery management software, announced today that its product has been selected by FTI Consulting, Inc. ("FTI") NYSE: FCN to be implemented on a beta test basis. The agreement also provides that FTI will provide consulting services to DiscoveryBox and to clients seeking to implement an in-house legal hold solution.

"To truly see a significant ROI on an e-discovery solution, our clients require a comprehensive solution that makes the electronic discovery process more efficient and effective. DiscoveryBox has tremendous promise for delivering on this vision," said Adam Bendell, Senior Managing Director of FTI. "Particularly for clients with existing Documentum infrastructure, DiscoveryBox provides perhaps the quickest path to a legal hold solution that will scale across the enterprise."

With its unique Legal Hold Repository, DiscoveryBox allows companies to preserve documents in an independent repository that is free from normal document destruction policies. Through a Legal Hold Manager, managers and high-level executives have the ability to manage the full range of e-discovery matters, assign review responsibilities and issue and track all legal holds across the enterprise. Significantly, DiscoveryBox also creates tremendous value to companies by allowing documents to be re-used across multiple matters. Frequently, multiple lawsuits spring from the same set of facts, and companies waste untold amounts of time and money collecting and reviewing the same documents over and over again. DiscoveryBox puts an end to needless duplication of work.

Friday, March 07, 2008

Stroz Friedberg Acquires Docuity, an Electronic Discovery Technology Company

NEW YORK, March 7 /PRNewswire/ -- Stroz Friedberg, a leading consulting and technical services firm announced today the acquisition of Docuity, a provider of advanced electronic discovery technology solutions.

"Combining Stroz Friedberg's prowess in digital forensics and electronic discovery consulting with Docuity's innovative technology will give our client's end-to-end e-discovery management with superior capabilities to index and search large volumes of unstructured data" stated Eric Friedberg, Stroz Friedberg's Co-President. "The result is better cost controls and an ability to ensure quality throughout the entire e-discovery process. We are particularly excited to share with our global clients the unique features of our new platform, including auto-indexing, sophisticated clustering and other user-friendly retrieval functions, and foreign language processing and translation capabilities," he added.

With the Docuity acquisition, Stroz Friedberg now has the capability to offer comprehensive e-discovery management, processing, load file creation and online hosting review using the most advanced document and knowledge management tools available. The firm's patent-pending technology uses artificial intelligence, optical character recognition, natural language, pattern recognition and rules-based processing to extract from scanned paper and electronic documents key information such as the printed date of the document, the actual author, the actual addressee, the entity from which the document was sent, and the persons, entities and actions referenced in the document; all critical data that formerly required expensive and time- consuming manual effort.

Wednesday, March 05, 2008

FTI Consulting, Inc. Announces the Acquisition of Brazilian Forensic Consulting Firm

Baltimore, MD - February 28, 2008, FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that it has acquired TSC Brasil Limitada (TSC), the leading systems integrator and computer forensic and IT security consultant in the Brazilian and greater South American marketplace. Terms of the transaction were not disclosed.

Founded in 1999, TSC is headquartered in Sao Paulo. TSC is a leading provider of a full suite of digital risk management services, including IT security, computer forensics, and consulting services. The firm has developed an innovative new approach, “Digital Risk Management”, which leverages its expertise across its various service areas to provide clients with a complete end-to-end solution to their computer risk management needs. TSC’s client base includes a number of the region’s leading companies, as well as multi-nationals doing business in Brazil and greater South America. TSC will be integrated into FTI’s global business intelligence and investigations group, reporting directly to Frank Holder, Senior Managing Director in FTI’s Forensic and Litigation Consulting (FLC) practice. Rinaldo Angelicola, Paulo Araujo and Eduardo Sanches of TSC have joined FTI as Managing Directors in the Company’s FLC practice.

“TSC represents another excellent acquisition for FTI that further enhances our ability to help our clients in South America manage their enterprise risks,” said Jack Dunn, President and CEO of FTI. “It will extend our eDiscovery platform into this large and dynamic market where we are experiencing dramatic growth driven by accelerated anti-money laundering and Foreign Corrupt Practices Act (FCPA) activity plus a growing number of cross-border assignments from domestic clients expanding into foreign markets. It will also complement the services we provide in our FLC practice, and will further enhance our dedication to providing our customers with the market leading technology to address their risk management and mitigation needs. TSC has excellent long-term growth prospects, a strong reputation in its market and domain expertise in the financial services sector.”

Tuesday, March 04, 2008

Hitachi Enters Proactive E-Discovery Litigation Readiness Market

HANNOVER, Germany - (Business Wire) As organizations struggle with the search and retrieval of unmanaged data stored in siloed infrastructures, Hitachi Data Systems today introduced all new file and content services that dramatically simplify data management. The newly unveiled Hitachi Data Discovery Suite delivers powerful content index and search services across network attached storage (NAS) and content archive environments — an industry first that breaks through the traditional barriers of stovepipe storage infrastructures and mitigates the risk of unmanaged or rogue data. With today’s announcement, Hitachi delivers common search, retention, movement and protection of data — extending its proven capabilities in block storage data management to file services with in an integrated services oriented platform.

Today’s organizations are faced with severe business challenges as a result of the rapid growth of unstructured data stored across multiple storage infrastructures and data centers. According to an April 2006 IDC report1, the cost of ineffective search is estimated at $5,251 per worker per year. For 1,000 workers, the cost is estimated at $5.25 million. The risks associated with failed or prolonged searches for legal discovery or compliance can be even higher.

"Today, there is a large percentage of corporate data that is considered unmanaged or rogue posing serious security and compliance risks to businesses," said Laura DuBois, research director, Storage Software, IDC. “As companies grapple with how to manage this information and put policies around it – from archiving, to storage, to search and retrieval – IT departments are looking for the best solutions to manage their expanding information vaults. With the Hitachi Data Discovery Suite, Hitachi Data Systems offers a viable solution to companies who are trying to eliminate risk and manage rogue data before it impacts the bottom line."

“Organizations are spending millions per year in e-discovery and these costs are compounded by the escalating expenses associated with storage sprawl in environments with large amounts of file based or unstructured data,” said John Mansfield, senior vice president, Global Solutions, Strategy and Development, Hitachi Data Systems. “Previous generation file storage products were not designed to be efficient in terms of storage utilization and data management. We are taking our proven experience in storing and managing block storage environments and extending that strength to file services — reducing the risk of rogue data, while improving operating efficiencies.”

“Hitachi has clearly done its homework with Hitachi Data Discovery Suite,” said John Webster, Principal IT Advisor, Illuminata, Inc. “Storage administrators should find in the Hitachi Data Discovery Suite an environment in which to engage their internal records managers, auditors, and attorneys in an ongoing discussion on policy implementation and lifecycle management.”