SOURCE: Recommind

Recommind

August 23, 2011 14:50 ET

Recommind's Axcelerate eDiscovery Named to KMWorld's 2011 Trend-Setting Products List

SAN FRANCISCO, CA--(Marketwire - Aug 23, 2011) - Recommind, the leader in predictive information management, announced today that KMWorld magazine has chosen Axcelerate eDiscovery with Predictive Coding as one of its Trend-Setting Products for 2011.

Powered by Recommind's unique CORE (Context Optimized Relevancy Engine) platform, Axcelerate eDiscovery is the industry's only end-to-end solution that covers the full spectrum of eDiscovery and regulatory responses. Its Predictive Analytics functionality quickly locates key documents and prioritizes the entire document collection for a more efficient review. Its patented Predictive Coding technology then uses an iterative workflow and machine learning to automatically assess document responsiveness, privilege and issue relation across a collection, providing a more accurate and defensible review. By giving human reviewers computerized assistance, Predictive Coding reduces review costs 60 to 90 percent, easily saving millions of dollars per case -- or across several small cases.

Earlier this year Axcelerate eDiscovery added Predictive Sampling, the first fully automated, built-in sampling workflow for document review. Predictive Sampling enables attorneys to assess the thoroughness and quality of document review by providing statistically sound accuracy rates for responsiveness, privilege and issue relation.

More than 800 products were assessed by KMWorld's judging panel, which consists of journalists, analysts, system integrators, vendors, line-of-business managers and users. All products selected demonstrate clearly identifiable technology breakthroughs that serve the vendors' full spectrum of constituencies, especially their customers.

"Axcelerate eDiscovery has played a leading role in bringing Predictive Coding and other predictive technologies into daily use at some of the world's largest enterprises and law firms," said KMWorld editor-in-chief Hugh McKellar. "The case for computer-assisted analytics and document review grows stronger every year, and Axcelerate eDiscovery sets a high bar for the rest of the industry in terms of both innovation and execution."

In addition to its licensed on-premises version, Recommind offers Axcelerate On-Demand, which delivers all of Axcelerate eDiscovery's features for processing, review, analysis, and production, along with the flexibility, scalability, security and ease of use of a hosted solution. Axcelerate On-Demand is ideal for customers who work with multiple external legal teams or want to experience the benefits of Predictive Coding on a case-by-case basis.

"The demand for predictive eDiscovery technology has exploded in recent years, thanks to increased regulation and fast-growing volumes of corporate data," said Recommind CEO Bob Tennant. "Global law firms and Fortune 500 companies know that labor-intensive linear review processes no longer make economic sense. They need a way to quickly focus their legal teams on the most critical documents while providing a high level of confidence that all necessary documents have been found. That's the solution we pioneered with Axcelerate eDiscovery, and we're proud that it has once again earned a spot on KMWorld's prestigious Trend-Setting Products list."

About Recommind Inc.
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, Cisco, Clifford Chance, 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, Sydney and Bonn, Germany. For more information go to www.recommind.com

About KMWorld
KMWorld (http://www.kmworld.com) is the leading information provider serving the Knowledge Management systems market and covers the latest in Content, Document and Knowledge Management, informing more than 45,000 subscribers about the components and processes -- and subsequent success stories -- that together offer solutions for improving business performance. KMWorld is a publishing unit of Information Today, Inc. (www.infotoday.com).

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