Cases Handled and Revenue Generated to Double as Leading Law Firms and Enterprises Seek Next-Generation Automated Review and Analysis Solution

SAN FRANCISCO, August 25, 2009 – Recommind, the leader in search-powered Information Risk Management (IRM) software, today announced continued strong growth for its Axcelerate eDiscovery™ On-Demand solution. The total number of cases being handled and revenue being generated by the offering so far in Q3 has already doubled the previous quarter’s performance.  As the industry’s only solution offering the unique First Pass Review™, One Click Coding™ and automatic concept grouping capabilities, Axcelerate eDiscovery On-Demand has experienced torrid growth from its inception by enabling leading law firms and enterprises to dramatically reduce the costs and timelines associated with document review and analysis as part of litigation and regulatory investigations.

Axcelerate eDiscovery On-Demand provides inside and outside counsel with a secure and scalable, Web-based processing, review, analysis and production solution that revolutionizes the way document review and analysis are conducted. Offering all of the benefits of the on-site version, Axcelerate eDiscovery On-Demand gives law firms and enterprises the flexibility, scalability, security and ease of use of a hosted solution. It enables existing Axcelerate eDiscovery customers to use the same industry-leading solution in proceedings they either cannot or do not want to host internally, a common occurrence with large and/or multi-party cases or where internal resources are simply unavailable. For new and potential customers, Axcelerate eDiscovery On-Demand provides quick access to a game-changing solution to meet budgetary constraints and impending deadlines no matter the size or complexity of the case.

"At Verizon, dealing with tight timelines, large data volumes and complex matters is par for the course,” said Patrick Oot, Director of Electronic Discovery & Senior Counsel, Verizon.  ”With Axcelerate eDiscovery On Demand, we can utilize highly differentiated technology in a reliable hosted offering that meets our needs.  In a single case last December, we were able to meet a critical deadline when the Recommind team worked over the Christmas holiday to get things done.  What’s more, Axcelerate eDiscovery’s predictive coding technology was able to automatically identify responsive documents with an accuracy rate of over 92%, which resulted in huge cost and time savings."

While many Axcelerate eDiscovery On-Demand customers also purchase and implement an on-site system, the products are totally complementary to each other. In addition to supplementing in-house eDiscovery efforts, a Web-based eDiscovery application helps enterprises react more effectively and cost efficiently to an eDiscovery event, as data can be processed and analyzed in a manner of hours. Additionally, Axcelerate eDiscovery On-Demand can facilitate multiple parties conferring and collaborating on a single matter by enabling processing, review, analysis, production and management of ESI through a secure, centralized Web-based interface.

 “There isn’t one unifying approach to eDiscovery; a comprehensive solution requires powerful technology which can be utilized through a variety of different avenues alongside rock-solid processes and people to ensure that matters are handled on time and on budget,” said Robert Tennant, CEO, Recommind. “Axcelerate eDiscovery On-Demand exists because our clients asked us for the ability to use our products in multiple ways. Experiencing this kind of growth is a tremendous validation for our partnering strategy with customers and demonstrates our commitment to remain at the forefront of our industry.”