Recommind Named As A Hot 100 Company By JMP Securities

San Francisco, June 11, 2009 – Recommind, the leader in search-powered information risk management (IRM) software, today announced that it has been named to JMP Securities’ “Hot 100” list. JMP Securities, a San Francisco-based investment bank, recently included Recommind in a published report entitled, "The Hot 100: The Best Privately Held Software Companies." The report profiles 100 of the software industry’s leading private companies as identified by the software research team at JMP Securities.
    
“We’re honored to be included in this year’s JMP ‘Hot 100’ list”, said Bob Tennant, CEO, Recommind.  “Our success in 2008 highlights the growing demand for best-of-class technology to manage information risk. Executives are well aware that the economic downturn has placed them in a Catch 22. They’re facing intense legal and regulatory pressure to archive and produce corporate data, while budget cuts are forcing them to reduce their IT outlay. But, as our customers have found, with the right search-based information risk management software, companies can actually reduce their overall spending while minimizing the potential cost of eDiscovery and regulation.”

Recommind's compliance and eDiscovery solutions, including the industry-leading Insite Legal Hold™ and revolutionary Axcelerate™ eDiscovery products, provide enterprise and law firm clients with highly accurate and fully automated identification, collection, preservation, assessment, processing, culling, review, analysis and production functionality. Recommind’s enterprise search product, MindServer® Search, is used by myriad Fortune 500 corporations and is the market leader amongst the world's largest law firms. All Recommind products utilize the CORE™ (Context Optimized Relevance Engine) platform, a fully automated information management layer that provides conceptual search and categorization for structured and unstructured data.

In response to the growing threat of information risk, Recommind recently launched its Risk Monitoring Center™, which includes a multitude of resources aimed at educating enterprises about the threats associated with information risk. With Recommind’s free Risk Assessment Guide, enterprises can gauge their information risk and learn about effective responses to specific incidents such as eDiscovery and regulatory requests. The Risk Monitoring Center also publishes Recommind’s Information Risk Alerts, breaking news alerts detailing specific events related to information risk, (e.g. compliance developments, case law updates, federal regulations), rating the severity of each incident and suggesting next steps for information management practitioners.