HARTFORD, CT--(Marketwire - Jan 30, 2013) - TyMetrix, the global leader in intelligent solutions for managing the business of law, announced today that Hyperion Research has recognized the company for the third consecutive year as an Advanced Solutions provider in its MarketView™ Report titled, "Enterprise Legal Management: Electronic Billing and Matter Management Systems for Corporations."
TyMetrix 360˚®, the company's flagship platform, which helps corporate law departments and claims organizations control costs, improve litigation performance, and streamline legal operations, received the highest marks among 20 providers for its steady leadership and innovations in integrated enterprise legal management. The report found that TyMetrix continues to drive strong innovation by offering significant advances to TyMetrix 360˚, including improved invoice processing, new matter management functionality, enhanced reporting, third-party integration, and integrated legal analytics.
TyMetrix received special recognition in the following categories:
- Market Leader in Legal Business Intelligence: Strong core reporting and use of advanced data analytics provides unique decision support tools and information resources.
- Market Leader in Hosted Infrastructure: Pioneer in externally hosted applications, latent infrastructure enhancements ensure performance, scalability and security
- Highly Innovative User Interface: Intelligent, client-focused design, using latest UX principles and technologies, improves user interaction and efficiency
"The Hyperion Research MarketView Report continues to be the respected standard for the legal enterprise management space, and we are proud to be included in each of the three years since its inception," said Julie Peck, general manager, TyMetrix. "This speaks to our innovative industry leadership and customer-centric approach at TyMetrix. We are the market driver for new and improved technologies designed to be intelligent, user-friendly and personalized for our end users and clients -- helping them to make more informed decisions when managing the business of law in an increasingly demanding, complex and global environment."
Hyperion classifies "Advanced Solutions vendors" as those which demonstrate "significant strength in both product functionality and overall solution capabilities." They also must meet or exceed a number of functional categories known as Key Solution Components, which include billing compliance, matter management, usability, and technology and security. Finally, the product must have a strong record of client satisfaction and market share, provide a consistent flow of valuable enhancements, have a highly regarded management team and organization, and demonstrate financial stability.
Hyperion Research, a respected analyst and consulting firm in the legal technology space, produces its annual MarketView Report to provide the industry with an objective study of market vendors. MarketView was based on over 300 hours of industry benchmarking, client interviews and vendor briefings. For more information and to purchase the report, please visit: http://hgpresearch.com/products/corporate-matter-management/e-billing-and-matter-management-systems-2013-edition.
TyMetrix is the global market leader in delivering intelligent solutions that empower corporate legal departments, law firms and claims organizations to manage the business of law. It provides clients with quality legal management software, services and solutions, including spend and matter management, collaboration, performance metrics, and the expertise required to manage risk, reduce costs and gain the insight required to meet their strategic objectives.
TyMetrix Legal Analytics, a complementary business to TyMetrix's core software offerings, combines unparalleled analytical and legal domain expertise with LegalVIEW® -- the world's largest permission based contributory data warehouse of legal performance data -- to provide predictive and analytical models, benchmarking and insights to legal departments and all professionals involved in managing the business of law. TyMetrix is part of Wolters Kluwer Corporate Legal Services. For more information, please visit www.tymetrix.com.
About Wolters Kluwer Corporate Legal Services
Wolters Kluwer Corporate Legal Services is the leader in legal process and business performance management. It delivers the people, products and processes to drive transparency, ensure accountability and provide organized, accurate and actionable information for legal, financial and insurance professionals. CLS's business brands -- CT Corporation, NRAI, BizFilings, Corsearch, CT Lien Solutions and TyMetrix -- empower organizations to make better business decisions and be more efficient in today's highly transparent business environment.
Wolters Kluwer Corporate Legal Service is a part of Wolters Kluwer, a market-leading global information services company. Wolters Kluwer had 2011 annual revenues of EUR 3.4 billion, employs approximately 19,000 people worldwide, and maintains operations across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit the Wolters Kluwer website for more information.