Monday, May 26, 2008

Clearwell Systems Named Among Red Herring North America's 100 Most Promising Companies

MOUNTAIN VIEW, CA--(Marketwire - May 22, 2008) - Clearwell Systems, Inc., a leader in Intelligent E-Discovery, today announced that Red Herring has named the company to its 2008 Red Herring 100 North America list, an honor awarded to the top 100 private technology companies. With deployments of the Clearwell E-Discovery Platform® across hundreds of enterprises, law firms and service providers, Clearwell consistently demonstrates innovation and market traction -- qualities that are required for consideration as a Red Herring 100 company.

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," says Joel Dreyfuss, editor-in-chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."

Due to the growing numbers of lawsuits and regulatory inquiries, and tremendous growth in electronically stored information (ESI), more enterprises and law firms are turning to Clearwell to streamline their e-discovery process. Clearwell reduces the cost, duration, and complexity of e-discovery, enabling customers to achieve significant return on investment within days of their deployments.

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