Recommind Receives "Positive" Rating In Leading Analyst Firm's eDiscovery And Litigation Support Marketscope Report

SAN FRANCISCO, December 20, 2007– Recommind, a leading provider of enterprise search, automatic categorization and eDiscovery systems for enterprises and law firms, today announced that it  has received a “Positive” rating in Gartner's “MarketScope for E-Discovery and Litigation Support Vendors, 2007.”¹  Recommind’s Axcelerate eDiscovery is a revolutionary product that dramatically changes the way litigation review and analysis is conducted by assessing responsiveness, privilege and issue relation before the review process begins, drastically reducing the amount of time required to organize and conduct document review and analysis, while simultaneously increasing review accuracy and consistency.  Among several industry firsts, Recommind’s Axcelerate eDiscovery is the first product to offer automatic First-Pass Review™ of an entire document collection and the only solution offering patent-pending One-Click Coding™ of documents, highly differentiating tools which significantly expedite the review process, improve attorney efficiency and lower eDiscovery costs for clients.  

The introduction of Axcelerate eDiscovery was part of a banner year for Recommind, which more than doubled revenue, signed myriad new enterprise and law firm customers like Novartis and Bracewell & Giuliani, and continued to expand its deep bench of executive talent.  The company also continued its strong eDiscovery channel development with the announcement of partnerships with key litigation and forensics vendors like FTI and Anacomp, while launching another revolutionary product – Decisiv™ Email – which automatically organizes, tags and files critical email-based information with virtually no user involvement required.

According to the report, “Spending on electronic discovery (e-discovery) software technologies and services offerings is forecast to grow at more than 35 percent annually through 2011.”  The report continued “Enterprises purchasing e-discovery software can reduce the costs of litigation by improving their control over unstructured content, including e-mail.  Also, they can cut costs and risks by taking control of litigation hold, litigation-hold tracking, file collection, file processing and legal review instead of outsourcing these functions.”  

“Heading into 2008, this report strongly corroborates the most important trends we’re seeing in the e-discovery and litigation support space, as the market demand for innovative solutions that increase productivity and efficiency – especially at the review stage of the e-discovery process – is growing exponentially,” said Robert Tennant, CEO of Recommind.  “In my opinion, Recommind’s ‘positive’ rating further validates the significant traction and growth we’ve experienced in 2007 amongst enterprises, law firms and litigation support providers.  We pride ourselves on using our sophisticated search and categorization technology to continue developing game-changing products like Axcelerate eDiscovery, which not only dramatically expedites the review process, but improves its quality, accuracy and consistency.”

1) Gartner, Inc. "MarketScope for E-Discovery and Litigation Support Vendors, 2007" by Debra Logan, December 14, 2007

About Recommind
Recommind’s enterprise search and categorization platform automatically organizes, manages, and distributes large volumes of information from multiple sources. With faster access to the right information, organizations can save time, enhance the quality of work product, increase the value of information assets, and improve competitiveness and profits. Recommind customers include the Australian Government, Bertelsmann, BMW, Cleary Gottlieb, Davies Arnold Cooper, Lewis Silkin, Shearman & Sterling. Recommind is headquartered in San Francisco and has offices in New York, Chicago, Boston, Atlanta, London, and Bonn, Germany.

For more information, email info@recommind.com, or go to www.recommind.com.

About MarketScope
The MarketScope is copyrighted December 14, 2007, by Gartner, Inc., and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner‘s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. .