SOURCE: Recommind

Recommind

October 20, 2010 14:29 ET

Recommind Ranked Among Fastest Growing Companies in North America on Deloitte's 2010 Technology Fast 500™

Attributes 661% Revenue Growth to Unique Predictive Information Management Technology

SAN FRANCISCO, CA--(Marketwire - October 20, 2010) -  Recommind today announced that it ranked number 157 on the Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009; Recommind's revenue grew 661% during this period.

Recommind VP Craig Carpenter said that increased regulatory scrutiny, mounting concerns about lawsuits and high levels of customer satisfaction are driving the company's growth.

"Large enterprises are facing the highest legal and regulatory stakes in history, and they need to respond more quickly than ever," Carpenter said. "Our unique predictive information management software gives them an automated, highly accurate solution for finding, categorizing and analyzing the right information under very tight deadlines. We've seen especially high demand for our game-changing Axcelerate eDiscovery suite, the only software with Predictive Analytics™ and Predictive Codingtechnology, which identifies key documents from the outset of discovery and slashes traditional linear review timelines and costs by 50-90%. Over the past year, our Axcelerate eDiscovery On Demand business has increased 961% while new cases have jumped 425%. We expect this rapid growth to continue in 2011 by giving our customers an even greater competitive edge and making their satisfaction our top priority."

"Recommind and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends Recommind for this impressive accomplishment."

"Recommind has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.

Recommind previously ranked 251 as a Technology Fast 500™ award winner for 2009.

For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com

About Recommind
Recommind is the leader in predictive information management software, delivering search-powered business applications that transform the way enterprises, government entities and law firms conduct eDiscovery, enterprise search, and information governance. Recommind's solutions are all built on the CORE (Context Optimized Relevancy Engine) platform, which automatically accesses, organizes and analyzes large volumes of information in context from myriad sources. With greater control over and more accurate access to information, organizations can lower risk, heighten productivity, increase the value of information assets and improve competitiveness and profitability. Recommind customers include AstraZeneca, BMW, Clifford Chance, DuPont, Marathon Oil, Morgan Lewis, US Department of Energy (DOE), White & Case and Wilmer Hale. Recommind is headquartered in San Francisco and has offices in Boston, London and Bonn, Germany. For more information, e-mail info@recommind.com or go to www.recommind.com

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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