SAN FRANCISCO, CA--(Marketwire - Jan 30, 2013) - Recommind, a leader in unstructured data management, analysis and governance technology, announced today that the Securities & Exchange Commission (SEC) is deploying Recommind's Axcelerate® Review & Analysis, which provides innovative Predictive Coding capabilities, to the SEC's Division of Enforcement staff nationwide.
Axcelerate Review & Analysis is able to provide a more accurate, consistent and efficient review process by identifying key topics, documents, concepts and issues from the outset of any matter. Axcelerate's Predictive Coding functionality enables attorneys to find any document relating to a particular person, timeframe, topic, communication, issue or concept. The result is the fastest and most cost-effective review available, with built-in quality control capabilities unmatched in the industry.
After full deployment, more than 1,200 staff in the SEC's Division of Enforcement will have the ability to use Axcelerate Review & Analysis to search and analyze hundreds of terabytes of ESI, making this implementation one of the broadest, most complex and largest in the world. The scalability and performance of Recommind's products was crucial in meeting the SEC's criteria for an end-to-end review platform.
"As the principal federal regulatory authority, the SEC sets the benchmark for the rest of the industry," said Bob Tennant, CEO of Recommind. "Dealing with vast amounts of highly sensitive information demands the highest quality products and technology and we're extremely proud to have been chosen to work with arguably the most important and influential regulatory agency in the world."
All Recommind applications are based on its proprietary CORE® platform for management and analysis of any data type, especially unstructured data.
About U.S. Securities & Exchange Commission
The SEC is a federal agency, which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges and other electronic securities markets in the US.
About Recommind, Inc.
Recommind is a leader in unstructured data management, analysis and governance technology, delivering search-powered business applications that transform the way organizations find, manage, analyze and act upon data inside and outside the corporate network. Recommind's solutions are all built on the CORE platform, which automatically accesses, organizes and analyzes large volumes of information in context from myriad sources. Recommind customers include AstraZeneca, BMW, Cisco, Clifford Chance, Marathon Oil, Morgan Lewis, US Department of Energy (DOE), White & Case and WilmerHale. Recommind is headquartered in San Francisco and has offices in Boston, London, Sydney and Bonn, Germany. For more information, go to www.recommind.com.