Recommind Announces Insite Legal Hold, The Industry's First Practical Solution For Exploring And Collecting Enterprise Information
Powerful, Automated Solution Helps Enterprises Handle Deluge of Investigations and Litigation
SAN FRANCISCO, October 20, 2008 - Recommind, a leading provider of enterprise search, email management and eDiscovery systems for enterprises, today announced the immediate availability of its groundbreaking InsiteTM Legal Hold solution. Insite Legal Hold helps enterprises explore, preserve and collect electronically stored information (ESI) to prepare for and comply with litigation, regulatory oversight and investigations of every kind. With the ongoing global financial meltdown, as enterprises begin responding to costly investigation and litigation while preparing for greater increased regulatory oversight, the need for a practical, accurate legal hold solution has never been greater.
Incorporating several breakthroughs in legal hold technology, Insite Legal Hold allows enterprises to quickly and accurately explore information where it resides before it is collected and placed on hold in response to an investigation or lawsuit. This Explore in PlaceTM technology represents a paradigm shift in legal hold methodology. Competing solutions simply index and aggregate large amounts of data without any ability to determine the relevance of such information prior to collection. This results in the collection, preservation, storage, processing, review and analysis of far more information than required. Only Insite Legal Hold allows enterprises to collect and hold just the data necessary for a given proceeding in a highly accurate and defensible manner. This makes Insite Legal Hold the only solution capable of dramatically improving the speed and accuracy of the legal hold process while drastically reducing the cost of eDiscovery.
"With federal oversight and the threat of investigation or litigation increasing daily, legal hold has become an increasingly important yet increasingly complex part of the data management process," said Vivian Tero, Program Manager, Compliance Infrastructure at IDC. "Recommind's Insite Legal Hold solution enables corporate litigants to investigate and target the scope of their preservation obligations more effectively than the 'preserve everything' approach."
Using the same award-winning conceptual search and auto-categorization technology from Recommind that many of the world's largest enterprises and law firms rely on for their enterprise search needs, Insite Legal Hold proactively identifies and collects any newly created information that may be relevant to a given legal hold in a fully automated fashion.
Platform-agnostic and fully customizable, Insite Legal Hold features pre-integration with numerous enterprise data sources, including content management systems, email and archiving systems and intranets and portals, allowing for seamless installation with existing network infrastructures. Additional features and benefits include:
- Deep analytical tools, including the industry's only solution with Early Risk Assessment technology
- Best-of-breed search technology, including integrated conceptual, full Boolean and keyword search
- The ability to manage myriad data sources, custodians and matters simultaneously
- Robust auditability and reporting, including full exception handling and chain-of-custody reports
- Superior system performance, management and monitoring
- Built-in processing of data (i.e. deduplication, near-duping, email threading, etc.)
"In light of the current economic turmoil, a practical, effective legal hold solution is a 'must-have' for companies," said Browning Marean, partner at DLA Piper US LLP. "The ability to find and preserve potentially discoverable documents is critical to all of our enterprise clients. However, before large enterprises can even attempt to produce such information, they must identify and preserve it, which can be extremely difficult and time consuming under the best of circumstances. A legal hold solution that is practical, cost effective and defensible is necessary in today's tumultuous business climate."
The launch of Insite Legal Hold gives Recommind the industry's most advanced solution for the identification, preservation, collection and assessment of enterprise data. By using Insite Legal Hold in conjunction with Recommind's award-winning AxcelerateTM eDiscovery software - a conceptual search, automatic coding and deep analysis product that dramatically improves litigation review - enterprises can completely protect and prepare themselves for any type of internal or external investigation or legal action. Sold separately or packaged together as a complete solution, Insite Legal Hold and Axcelerate eDiscovery represent the most accurate and automated tools on the market today, giving enterprises and their law firms access to the exact information they need - instantly.
"As corporate data stores increase in size and complexity, the process of identifying, preserving and collecting data has become a tremendous pain point for enterprises. Unfortunately, most enterprises still rely on manual processes or one-size-fits-all solutions that create more work for the IT department and dramatically raise the cost and time needed to conduct investigations or respond to litigation," said Robert Tennant, CEO, Recommind. "While the recent financial crisis has put these challenges under the microscope, the threat of regulation or investigation is ever present, so enterprises must be nimble and prepared. Insite Legal Hold fills a massive need in the enterprise space by providing an automated, practical, powerful and reliable legal hold solution with unique Explore in Place technology. By adding Insite Legal Hold to our product suite, Recommind has solidified its position as the go-to company for enterprise search, review and analysis technology."
Pricing and Availability
Insite Legal Hold is now available from Recommind and Recommind's network of litigation support provider partners.