Thursday, February 03, 2011

Wave Software Acquires iFramework from Intelligent Discovery Solutions

ORLANDO, FL (January 31, 2011) - Orlando-based Wave Software, a leading provider of early case assessment, legal hold and electronic data discovery technology for global corporations, today announced it has acquired iFramework from Intelligent Discovery Solutions. In July 2009, Wave Software formalized a strategic partnership with iFramework and integrated it with Trident Pro, its electronic discovery technology. Successful product integration led to the acquisition which will allow the company to more closely align its products and development team and expand its technology across more of the case and project management aspect of litigation.

iFramework has established itself as a leader in the litigation project management space. It is currently being used by AmLaw 100 law firms to manage work flow, tasks, calendars, evidence, vendors and invoices. iFramework and Trident Pro’s automated processes and tools allow for an unprecedented view into the discovery lifecycle.

Now, as part of Trident Pro and Wave Software’s entire suite of products, users will be able to filter and cull discovery data, including foreign language documents, PSTs, NSFs and loose files, plus see near-real-time metrics on the tasks being performed. This acquisition and integration will allow project managers to better control projects and meet deadlines because the metrics of their projects processed in Trident Pro will be easily accessible and continually updated within the application. Managers will have access to project data, down to a custodian level, including processing status, volume, and speed. They will also have the ability to track and resource balance multiple instances of Trident Pro, running on the same or varied projects, all from one central location that also integrates with the tracking of team members, tasks, calendars and evidence.

Robert Childress, Wave Software co-founder and President, stated, “This increased investment in technology, coupled with access to the broad resources of our R&D department, will be advantageous for our clients as well. In addition to giving us the ability to offer complete integrated project management and electronic data discovery software to our clients, the investment will result in rapid development of future solutions and produce more reliable, easy-to-use technologies.”