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Recommind Positioned in Leaders Quadrant of 2012 E-Discovery Magic Quadrant(May 31, 2012)
SAN FRANCISCO, CA -- (Marketwire) -- 05/31/12 -- Recommind, the leader in predictive information management and analysis software, today announced that it has been positioned in the 'Leaders' Quadrant of Gartner Inc.'s 2012 report, 'Magic Quadrant for E-Discovery Software.'
According to the Magic Quadrant for E-Discovery Software, "As practitioners become more sophisticated, they are demanding that the data change hands as few times as possible. They see this as a way to reduce both costs and risks. This is a continuation of a trend we saw developing last year, but it has risen dramatically in importance, as evidenced both by inquiries from Gartner clients and as reported by the vendors themselves, as the priorities of their customers and prospects."
The report also states, "The underlying driver is the same for all: digital data growth is explosive and digital data is the stuff of business and business disputes. National and international legal and regulatory systems depend on digital information to function and they must have software to assist them, due to the volume, variety, velocity and complexity of the information they have to deal with." Gartner also recognizes, "The goal of controlling the end of the content life cycle, however, was often not realized. E-discovery has proved to be a huge motivation for companies to rethink their information management policies. The problem of determining what is relevant from a mass of information will not be solved quickly, but with a clear business driver (e-discovery) and an undeniable return on investment (deleting data that is no longer required for legal or business purposes can save millions of dollars in storage costs) there is hope for the future."
Built on Recommind's patented CORE® platform, Axcelerate eDiscovery is a sophisticated seamless eDiscovery solution providing preservation, collection, processing, ECA, review and analysis -- including the industry's only patented Predictive Coding workflow and technology -- all within one purpose-built platform available on-premise or in the cloud for maximum efficiency in the eDiscovery process.
Amid tightening regulation and steadily increasing volumes of corporate data, enterprises are bringing advanced eDiscovery capabilities in-house to reduce expenses, mitigate risk and improve their control over the eDiscovery process.
"We've embarked on a new era of eDiscovery," said Recommind CEO Bob Tennant. "Businesses and government agencies have come to the point where they're creating more documents than they can afford to review with attorneys alone. Yet they need more than ever to produce just the right documents for litigation, compliance and internal investigations, on increasingly tight deadlines. They can stay with their outdated keyword technology and spend millions more every year on attorney review, or they can adopt Predictive Coding, which works with attorneys, learns from their decisions and replicates their judgments over tens of millions of documents quickly, accurately and defensibly. Under those circumstances, it's no wonder that Fortune 500 enterprises and AmLaw 100 firms are turning to Recommind's eDiscovery solutions as the most effective way to cut their expenses and respond to challenges more quickly, effectively and strategically."
Axcelerate ECA & Collection has revolutionized early case assessment (ECA) and ESI collection by delivering new levels of accuracy, precision and comprehensiveness, eliminating third-party processing costs and enabling enterprises to quickly assess risks and costs from the outset of a matter. Axcelerate Review & Analysis is the only eDiscovery review platform with Predictive Analytics, which automatically categorizes, tags and identifies key documents; Predictive Coding, a patented combination of Recommind's groundbreaking technology and workflow that uses input from a knowledgeable attorney to automatically assess document responsiveness, privilege and issue relation; and Predictive Sampling, which provides an integrated sampling process for quality control and defensibility of the computer-assisted review process.
Recommind also offers Axcelerate On-Demand, a popular cloud-based solution for ECA, review, analysis and production that combines Recommind's advanced Predictive Coding document review and analysis with the scalability and convenience of a hosted solution. Axcelerate On-Demand is the optimal choice in multiparty litigation, multilanguage proceedings, internal investigations and matters requiring extremely tight deadlines.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Recommind Inc.
Recommind is the leader in predictive information management software, delivering search-powered business applications that transform the way enterprises, government entities and law firms conduct eDiscovery, enterprise search and information governance. With greater control over and more accurate access to information, organizations can lower risk, heighten productivity, increase the value of information assets and improve competitiveness and profitability. Recommind customers include AstraZeneca, BMW, Cisco, Clifford Chance, Marathon Oil, Morgan Lewis, US Department of Energy (DOE), White & Case and WilmerHale. Recommind is headquartered in San Francisco and has offices in Boston, London, Sydney and Bonn, Germany. For more information go to www.recommind.com
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