Thursday, June 26, 2008

IKON and WorkProducts Partner to Deliver MatterSpace Appliance

MALVERN, Pa. & FAIRFAX, Va.-- June 25 -- IKON Office Solutions (NYSE:IKN), the largest provider of legal document services in the U.S., today announced that its Legal Document Services team has partnered with WorkProducts to offer customers the leading Evidence Lifecycle Management (ELM) solution, MatterSpace(R). This partnership will be showcased during the LegalTech West Coast trade show at the Los Angeles Convention Center on June 26-27, Exhibit Booth 427.

MatterSpace, offered as a security-permissioned appliance for corporations and law firms, seamlessly combines corporate record management systems with downstream eDiscovery services to support preservation communications and the collection, identification and preservation of both structured and unstructured data for legal discovery. MatterSpace crawls the corporate network for specifically targeted employees identifying, preserving, collecting, indexing and de-duplicating accessible structured and unstructured electronically stored information (ESI).

Regardless of where employees and documents are located, legal users can facilitate collaboration among concerned parties and track all matter-specific preservation communications and events, such as litigation holds. Through the automated and repeatable appliance-based MatterSpace processes, legal professionals can fully maintain preservation compliance, while meeting eDiscovery deadlines and cutting expenses. This solution also provides simple set-up for data backup needs and automatically secures the information in an off-site facility. Since all data is digitally encrypted and signed, it can never be read or tampered with by unauthorized personnel.

Wednesday, June 25, 2008

Proofpoint, Inc. Acquires SaaS Email Archiving Vendor Fortiva, Inc.

Sunnyvale, Calif. – June 24, 2008 – Proofpoint, Inc., the leading provider of unified email security and data loss prevention solutions, today announced that it has acquired Fortiva, Inc., a leading provider of on-demand email archiving solutions for legal discovery, regulatory compliance and email storage management. The acquisition strengthens Proofpoint’s position as a leading vendor of SaaS (Software-as-a-Service) and hybrid solutions for email security, data loss prevention and email archiving.

Fortiva provides an on-demand email archiving solution that addresses three key challenges – email storage management, legal discovery and regulatory compliance – without the headaches of managing an archive in-house. As a Software-as-a-Service (SaaS) solution, the Fortiva Archiving Suite™ can be up and running in days, with minimal upfront capital costs and planning requirements. The Fortiva solution uses an innovative hybrid deployment model that delivers the cost advantages of SaaS with the guaranteed security of on premises appliance.

Fortiva’s archiving solution becomes the latest addition to Proofpoint’s growing family of SaaS and hybrid solutions. Proofpoint’s flagship SaaS solution, Proofpoint on Demand™, delivers Proofpoint’s industry-leading messaging security features—including anti-spam, anti-virus, email policy enforcement, data loss prevention and policy-based encryption capabilities—as a cost-effective, easy-to-adopt and easy-to-manage on-demand service.

Thursday, June 19, 2008

Trial Solutions Offering 5 Gigs for 5 Dollars SaaS Online Hosting Promotion

Houston, Texas -- June 18, 2008 –- Trial Solutions, a market leader in wholesale litigation support services, today announced a limited time offer on ImageDepot™, its Online Review Tool (“ORT”). The promotion includes 5 gigabytes of data for 5 dollars covering 5 users for 5 months, with no hosting commitment. Alternatively, clients with unlimited data and unlimited users can take advantage of this promotion for 5 dollars for 5 months, with a 12-month hosting commitment.

The promotion applies to both new and existing projects and hosting fees are applied starting with month six. Clients hosting existing projects with competitors can transfer their projects in exchange for a 12-month hosting commitment. The 5 for 5 Promotion will only be available for a limited time and through Trial Solutions’ national authorized resellers.

Monday, June 16, 2008

IVIZE acquires DocuLegal and D4

It has been reported that IVIZE LLC acquired Rochester's DocuLegal, a provider of litigation support services in upstate New York.

DocuLegal, with offices in Rochester and Buffalo, becomes IVIZE's latest acquisition, making IVIZE the nation's leading litigation support company.

IVIZE, headquartered in Charlotte, N.C., is a provider of eDiscovery and legal document services. They currently operate in over 30 markets in the U.S.

IVIZE also announced that it has acquired D4, LLC a leading provider of electronic data collection and forensic analysis services.

Thursday, June 12, 2008

AUTONOMY ANNOUNCES END-TO-END HOSTED E-DISCOVERY SOLUTION

Cambridge, UK and San Francisco, Calif. - June 11, 2008 - Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today introduced the industry's most scalable end-to-end hosted eDiscovery solution. With 6,000 servers across five data centers, Autonomy is providing hosted eDiscovery solutions for the largest and most complex legal and regulatory matters. Autonomy applies the most advanced technology in its hosting centers, including analytics for Early Case Assessment (ECA), automatic categorization for prioritizing eDiscovery Review, language independence for international cases, and audio support required for financial services and subprime litigation cases.

"As litigation portfolios increase in size and complexity, law firms and corporations are demanding hosted eDiscovery solutions that offer high levels of scalability, security, speed of processing, as well as support for foreign languages and audio," said Dr. Mike Lynch, CEO of Autonomy. "Organizations often face new technology challenges that arise in large complex litigations. With Autonomy, since we develop all of our own technologies, we have the unique ability to partner with leading law firms and corporations to meet these challenges. Autonomy offers highly scalable, world-class data centers, experienced team and an end-to-end platform that allow customers to manage all data via a single interface regardless of language or file type, eliminating the risks inherent in passing it from vendor to vendor."

Autonomy's end-to-end hosted eDiscovery solution is a fully outsourced, comprehensive technology and services solution, providing data preparation, ECA with pre-review analytics, full EDD processing, advanced review and production, all on a powerful platform. The hosted environment is fully flexible yet secure, enabling multiple parties involved in litigation to work together on the identification of custodians and hot documents and review of responsive data, generating hard dollar ROI in terms of time saved during processing and review and a 50% cost savings when compared to other solutions. Because data is maintained with a single vendor, there is less risk of data spoliation, and chain of custody remains intact from beginning to end. Detailed reports can be provided to track the data at each step of the process, demonstrating an auditable and defensible practice in accordance with the Federal Rules of Civil Procedure (FRCP).

Wednesday, June 11, 2008

FTI Consulting, Inc. to Acquire Attenex Corporation

New York, NY -- June 10, 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 signed a merger agreement to acquire Attenex Corporation, a leading eDiscovery software provider. The total purchase price for the transaction is approximately $88 million in cash and is expected to close in the third quarter of 2008 after expiration of the HSR waiting period. After amortization of intangibles, the acquisition is expected to be neutral to FTI’s earnings per share in 2008 and accretive in 2009. Attenex had revenue of approximately $25 million in 2007.

Founded in 2001 in Seattle, Washington, Attenex is a globally-recognized leader in the eDiscovery marketplace. Its innovative enterprise class Attenex Patterns® eDiscovery software automates data processing and provides powerful visualization tools for quickly analyzing massive amounts of electronically stored information (ESI). Attenex will be integrated into the FTI Technology segment. Kathryn Hardie, JR Jesson, Mike Kinnaman and Joe White will join FTI as senior managing directors in the Company’s Technology segment.

“We are very pleased to announce this important acquisition for FTI and its Technology segment. In Attenex, we add a market leader with a proven track record in the development and deployment of integrated enterprise class solutions for the eDiscovery market,” said Jack Dunn FTI’s president and chief executive officer. “As with our watershed acquisition of Ringtail, the purchase of Attenex coupled with our newly forged strategic partnership with Endeca Technologies, Inc., also announced today, underscores our commitment to being the market leader in this rapidly growing business. Most importantly, these two steps complete our desire to create the largest, most robust eDiscovery company – one that has visionary R&D, proprietary state of the art software, global distribution and fulfillment, and the leadership to continue rapid growth and to anticipate evolving client needs.”

Tuesday, June 10, 2008

Integreon plans three more buys for $100 million

BANGALORE -- 10 Jun, 2008 -- Knowledge process outsourcing (KPO) firm Integreon Managed Solutions, which recently acquired litigation support and electronic data discovery provider Datum Legal, plans to buy one more company by the end of this year and two others in the next 2-3 years spending a total of $100 million.

“The range is going to be bigger as we are growing. We will acquire another company by the end of this year,” Vice President (Knowledge Business Administration and Professional Document Services) Lokendra Tomar said. Integreon is evaluating possible buys in India, Europe and the US.

Datum, the Los Angeles-based company’s fifth acquisition, was bought for $20-$25 million, according to industry analysts and based on Integreon’s publicly stated intentions in the past.

It plans to hire 6,000 people in three years, majority of them in India. The company currently has 2,000 staff, 1,500 of them at its centres in Mumbai and Delhi. More than 500 of its employees are lawyers.

...An IPO and listing on the Nasdaq are also on the cards, mostly probably in 2010-11, when it expects revenues to touch $250 million. “In three years more than 50% of the growth will be organic and the rest through acquisitions,” he said.

Friday, June 06, 2008

Electronic Evidence Discovery, Inc. Announces Definitive Agreement to Purchase Daticon, LLC

KIRKLAND, Wash. — June 5, 2008 — Electronic Evidence Discovery, Inc. (EED®), a leading national provider of eDiscovery services, today announced that it has reached a definitive agreement to purchase Daticon, LLC. Daticon, which provides early case assessment, electronic discovery, consulting and archive services for law firms, corporations and government agencies, has a strong presence in the Northeastern United States, including preferred provider relationships with leading law firms and Fortune 250 corporations. The Daticon acquisition merges the skills and experience of the Daticon staff with EED’s consulting and project management services capability, broadens the company’s portfolio of on-site services and provides EED with a regional processing facility in the Northeast.

“The acquisition of Daticon allows us to better serve the full range of our customers’ eDiscovery and review requirements, including eDiscovery consulting services across all 14 phases of the EED methodology, on-site services and hosted review or simpler evidence processing,“ said Dave McCann, CEO of EED, Inc. “Fortune 500 corporations are striving to establish best practices and automate them to eliminate risk and cost. Merging our two skill sets will help us to better serve the 85 largest law firms and more than 200 corporations in the Fortune 500 that operate in the Northeastern region. We view the acquisition of Daticon as a strategic investment in customer service.”

EED chose to acquire Daticon because of its experienced and skilled staff — which has served the New York market for more than 10 years — and established base of loyal corporate clients built by their strong track record of providing on-site eDiscovery services.

“Consulting and project management methodology and professional competence are as important to the success of eDiscovery as software technology, if not more so,” said Mike Jahnke, VP & GM of Daticon. “I see EED’s acquisition of Daticon as a tremendous combination of two companies whose combined skill sets, methodologies and intellectual property will result in a higher level of service and innovation for clients. The challenge of repeatable, high quality and cost efficient eDiscovery is a significant one for any Fortune 500 corporation, particularly in light of recent amendments to the Federal Rules of Civil Procedure.”

Tuesday, June 03, 2008

E-discovery Software Company Acquisition Opportunity

This investment opportunity was sent to me by a business broker representing a west coast electronic discovery software company that is looking to sell the business. The company believes they would be a good acquisition target for an email/data archiving company or a national litigation support/e-discovery provider that would like to have its own e-discovery processing/production and review platform. Currently, they are open to acquisition by a larger company that would provide sales and support infrastructure or a strategic investment that would allow them to build out their own infrastructure. The technology fits into the Processing, Review, Analysis and Production phases of the Electronic Discovery Reference Model(EDRM). The following link is to a previous post linked to an article about merger & acquisition trends in the BPO and litigation support markets

Summary
New regulations in corporate compliance, Rules of Civil Procedures and shear volumes of electronically stored information have completely changed the nature of how communications and other electronic information are managed through the discovery process. E-discovery, which has grown rapidly to a $4.2B business, has created a revolution by applying new technologies to what has been a paper driven, manual process. Software product penetration is still considered low as many medium and large organizations are now considering bringing e-discovery products in house to control their litigation costs. Law firms, who have historically relied on service bureaus for e-discovery projects, are also waking up to the need to have e-discovery technology in house. These markets present an extraordinary opportunity to providers of e-discovery software. Our client’s e-discovery software product has been received by users as a breakthrough in its ease of use, efficiency and completeness for collection through production phases of e-discovery.

The Product
This software suite is a complete software package that interfaces seamlessly with upstream applications and manages all file types through the collection, preservation, processing, analysis, review and production phases of the Electronic Discovery Reference Model. In addition to its own technology, the suite incorporates best of breed modules (e.g. Stellent for native document display) into its framework to leverage the power of these tools for legal teams or those tasked with in depth management of an organization’s electronically stored information be it email, specifications, or images.

Product Validation
This product has been selected by several law firms and judged to be easier to use, more complete and more efficient than competing products. The company’s team has members who have database backgrounds, IT experience and have run litigation support service companies. This rich experience has been expressed in the product feature set and the overall usability. Although built for litigation support by litigation support experts, this product is applicable in broad compliance applications or other areas that require data be mined and analyzed.

The Market
As noted above, the litigation support side of the e-discovery market is estimated to be $4.2B today and is expected to grow more than 20% per year. Data volume and the current regulatory environment ensure this growth. A relatively new growth engine for software sales is the trend of bringing these capabilities in house both for law firms as well as corporations. With the number of electronic files increasing and the file sizes growing, the enormity of the task of a single discovery project is growing daily. Litigation cases today involve discovery projects that typically involve 100 – 400GB of data. With service bureaus normally charging between $1,000 and $1,500/GB to process that data, the cost per event can quickly consume a legal team’s budget. SOX, recent changes to the Federal Rules for Civil Procedures (FRCP) and expected changes at the state level have added extra demands on legal teams to produce more relevant information in less time. Legal teams are desperate for solutions that will allow them to work closely with their IT departments to minimize the disruption to ongoing business.

This product is targeted for several markets and delivery mechanisms. Using this product suite, law firms can provide fee-based services to their clients instead of out-sourcing to service bureaus. Corporate in-house legal and compliance teams can achieve almost immediate positive payback by performing their own discovery. Service bureaus can sell services based on the product for those law firms and clients that do not have the capability in house or to cover peak demand periods. E-discovery capabilities based on this software can either be delivered as an enterprise application or delivered on a software-as-a-service (SaaS) basis. In addition to litigation support, organizations can use the software to provide compliance support or support any application that requires analysis and processing of electronically stored information.

Competition
In customer evaluations, this product competes favorably with similar e-discovery and native review solutions that are currently available on the market. This product is generally broader in capability and far easier to use according to customers who have reviewed many competing products. For more information on competing products you can visit the following link to a previous post regarding the Gartner MarketScope for E-Discovery and Litigation Support Vendors, 2007.

Strategic Acquisition Opportunity
This company is at a critical juncture and is exploring several strategic alternatives. As a young company they have focused on building out a complete product, which is now in use at a small number of customer sites. At this point they are open to acquisition by a larger company that would provide sales and support infrastructure or a strategic investment that would allow them to build out their own infrastructure.

Miscellaneous
End User Testimonials (Complete Law Firm Case Studies Available)
"Production with [the product] is robust, we were able to produce native formats, and image formats from review sets that were categorized and tagged, and we could produce by designation within any review set. We are a small firm with big cases and we needed something that could process difficult file types, and get us up and reviewing quickly and [the product] filled the need perfectly.” Patent Litigation Attorney

"[The product’s] functionality allows for document processing, web-based confidential/native document review, and document production (multiple formats). A perfect example of [the products’s] incredible processing capability is its robust processing function, which allows the opening and viewing of all file types from legacy documents to today’s current web content." Attorney

Technology Highlights (Complete Performance Testing Report Available)
Code Size: 650,000 lines
-Language: C #, ASP.Net
-Database SQL Server 2005
Code Status: In Production

Configuration Options
• Hosted (SaaS Model), Or
• Enterprise Installation

Product Highlights
• Complete audit trail for every file with who, when, what information for each ‘touch’
• Granular access control to protect confidentiality
• Security of original data guaranteed with “locked” tamper proof copy for further audit support
• Culling and de-duplication support to minimize data movement and increase performance
• Advanced search capability to find relevant information based on words, phrases, wildcard, fuzzy, proximity, Boolean and concept searches in both data and meta data over both parent and attachments in email.
• Native file review to simplify display, speed review and increase productivity
• Support of sophisticated manipulation during review such as tagging and redacting
• Intuitive user interface modeled on MS Outlook to minimize training time and support burden

For More Information: Contact Brad Jenkins, jenkins.bradley@gmail.com or 832-349-3000.

Integreon acquires Datum Legal, Inc.

LOS ANGELES, CA, June 3, 2008 – Integreon Managed Solutions, Inc., a global leader in integrated knowledge process outsourcing (KPO), announced today that it has acquired Datum Legal, Inc., a leading litigation support and electronic data discovery (EDD) company in New York City. Chris Egan, Datum Legal’s founder and CEO, has been named an Integreon Senior Vice President and will oversee the company’s Discovery Solutions business.

Acquiring Datum Legal, with its experienced e-discovery professionals and state-of-the-art 20,000 square foot facility, builds on Integreon’s 2006 acquisition of Bowne & Co.’s Digital Litigation Support business to give Integreon unparalleled litigation support capabilities in New York.

Integreon is the leading global legal process outsourcing (LPO) firm with 400 offshore professionals reviewing litigation documents for law firms and Global 2000 corporations. With the addition of Datum Legal’s capabilities, Integreon now offers an integrated discovery management solution with a guaranteed fixed-price per document. Furthermore, corporations and law firms can now deal with a single point of contact for all the key elements of an e-discovery case: professional services, data reduction through analytics, processing, hosting, and attorney review. Integreon performs all services at its wholly owned facilities, both onshore and offshore.

Sunday, June 01, 2008

Technology Pathways Releases New E-Discovery Archival Tool for Electronically Stored Information

Coronado, CA (PRWEB) June 1, 2008 -- Technology Pathways, LLC announced today the release of e.s.i.DiscoverTM, a new electronic-discovery search appliance which helps companies locate and preserve responsive documents to comply with court ordered discovery requests. The e.s.i.Discover Search Appliance can index millions of documents contained on servers and workstations throughout an enterprise and allow rapid searching based on sophisticated searching techniques to identify the responsive documents such as word documents, spreadsheets or PDF's. Searches typically take only a few minutes and can be easily modified to hone in on the required documents quickly. Once identified, the e.s.i.Discover Search Appliance can collect and authenticate the documents using an MD-5 or SHA-1 hash signature. These documents can then be saved for export to other popular e-discovery work flow products for further processing and presentation.

"The e.s.i.Discover Search Appliance makes my job of helping clients locate and collect responsive documents for court ordered discovery much faster, easier and more reliable," said Neil Broom, president of Technical Resource Center, Inc. "This is the first really break-through product for e-discovery I have seen recently and I am excited about the immediate benefit of increased productivity it will provide."

The e.s.i.Discover Search appliance can be rapidly deployed into enterprise networks and configured to index all documents contained in a set of servers and workstations. Once indexed, searches may be conducted with minimal training by the in-house or external council to identify all documents responsive to court orders. The e.s.i.Discover Search Appliance is available now with pricing starting as low as $59,950.