Axcelerate ECA & Collection Recognized for Speed, Efficiency and Advanced Analytics
SAN FRANCISCO, SEPTEMBER 22, 2011 — Recommind, the leader in predictive information management software, announced today that it is has been positioned as a leader in analyst firm IDC’s MarketScape: The Worldwide Standalone Early Case Assessment Applications Report (Doc # 229928).
The IDC report analyzes early case assessment applications that incorporate research, text analytics, business process workflow automation and case and project management capabilities in a single product. Projecting a market of $857 million in 2015, IDC uses in-depth surveys and customer interviews to compare vendors’ capabilities and strategies, highlighting the factors most likely to influence their success.
"Among the factors that made Recommind a top performer are the sophisticated and very robust analytics of the company’s Axcelerate® ECA & Collection application," says Vivian Tero, Program Director for GRC Infrastructure, IDC. "In the course of the primary field work, we noted several customers that have started using Recommind’s Predictive Coding and Predictive Sampling technology to streamline the ECA process in high-stakes and high-volume legal matters."
The IDC MarketScape report also notes the key strengths of the Recommind solution:
• Axcelerate ECA & Collection’s rapid indexing speed and relatively small index footprint (10% the size of the corpus to be indexed)
• Its ability to connect with and search against an extensive list of distributed endpoints and messaging systems, including Symantec EnterpriseVault, IBM Filenet, OpenText ECM, JDBC-compliant database or database-centric products and Microsoft SharePoint (2007 and 2010)
• Its ability to throttle back indexing and schedule crawlers and agents, minimizing the impact on enterprise infrastructure and bandwidth
“Fortune 500 companies know that fast, accurate ECA can mean the difference between saving and losing millions of dollars,” said Bob Tennant, CEO, Recommind. “We designed Axcelerate ECA & Collection to dramatically improve the way enterprises conduct eDiscovery and the market is responding rapidly to this more intelligent approach. Our patented CORE™ search and categorization platform enables Axcelerate ECA & Collection to identify and analyze terabytes of data faster and more accurately than any appliance or point solution. And since Axcelerate ECA & Collection works seamlessly with our review product, both the licensed and hosted options, it’s a natural choice for enterprises that want to get control over their eDiscovery costs.”
Axcelerate ECA & Collection is the first half of Recommind’s fully integrated, end-to-end Axcelerate eDiscovery platform. Its counterpart, Axcelerate Review & Analysis, is the only eDiscovery document review solution to offer Predictive Analytics, which automatically categorizes, tags and identifies key documents; Predictive Coding, a patented combination of Recommind’s groundbreaking technology and workflow that uses lawyer input 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. Document review with Axcelerate Review & Analysis typically costs 60 to 90 percent less than traditional review, with savings often reaching millions of dollars per incident.
To download an excerpt of this report, please visit: http://pages.recommind.com/IDC_report.html
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of vendors can be meaningfully compared. The framework also provides buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.