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Siemens Selects Recommind for Seamless eDiscovery(February 21, 2012)
SAN FRANCISCO, CA -- (Marketwire) -- 02/21/12 -- Recommind, the leader in predictive information management software, today announced that Siemens Corporation, a U.S. subsidiary of Siemens AG, the global provider of healthcare, energy, industry and infrastructure technology, has selected Recommind's Axcelerate® eDiscovery suite for next-generation eDiscovery. Built on Recommind's patented CORE® technology, Axcelerate eDiscovery is the world's only seamless eDiscovery solution providing preservation, collection, processing, ECA, review and analysis 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. Siemens Corporation is the latest enterprise to select Axcelerate eDiscovery as its in-house eDiscovery platform, favoring its highly scalable architecture, fully integrated, single-platform approach, robust analytics and unparalleled Predictive Coding capabilities.
"After a thorough competitive review, we chose Recommind's integrated Axcelerate eDiscovery platform to expedite collection and review of information," said John Schwab, Senior Counsel of Siemens Corporation. "We were impressed, in particular, with Recommind's Predictive Coding technology and foreign language support."
Axcelerate ECA & Collection has revolutionized early case assessment 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.
"The skyrocketing growth of corporate data has made eDiscovery a critical concern for the global enterprise," said Bob Tennant, CEO, Recommind. "Identifying, preserving, collecting, analyzing and producing relevant documents using point solutions has become unacceptably difficult and error-prone. That's why large enterprises are turning to Axcelerate eDiscovery, the market's only seamless eDiscovery platform, to make the eDiscovery process far more accurate, consistent and simple to manage. As leading-edge companies like Siemens have discovered, Axcelerate eDiscovery not only helps control eDiscovery costs and improves their bottom line, but also makes them more agile and responsive, giving them a strategic advantage in the marketplace."
Siemens Corporation is a U.S. subsidiary of Siemens AG, a global powerhouse in electronics and electrical engineering, operating in the industry, energy, healthcare, infrastructure and cities sectors. For more than 160 years, Siemens has built a reputation for leading-edge innovation and the quality of its products, services and solutions. Siemens in the USA reported revenue of around $20 billion and employs approximately 60,000 people throughout all 50 states and Puerto Rico. For more information on Siemens in the United States, visit www.usa.siemens.com.
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. Recommind's solutions are all built on the CORE (Context Optimized Relevancy Engine) platform, which automatically accesses, organizes and analyzes large volumes of information in context from myriad sources. 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, Clifford Chance, Cisco, Marathon Oil, Morgan Lewis, US Department of Energy (DOE), White & Case and Wilmer Hale. Recommind is headquartered in San Francisco and has offices in Boston, London and Bonn, Germany. For more information, e-mail [email protected] or go to www.recommind.com.
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