http://www.recommind.com () —
Recommind (http://www.recommind.com/) , the leader in predictive
information management (http://www.recommind.com/solutions/irm) ,
today announced huge growth with its Axcelerate On-Demand
(http://www.recommind.com/products/axcelerate_ondemand) solution, with
revenue during the past year increasing 961% and new cases jumping by
425%. The eDiscovery industry's only on-demand solution with
game-changing Predictive Coding
(http://www.recommind.com/blog/2010310) and Predictive Analytics
(http://www.recommind.com/releases/20100818/recommind_unleashes_core_v8)
technology, Axcelerate On-Demand's popularity has skyrocketed as law
firms and corporate clients demand cost predictability, far greater
review efficiency and deep insight into matters from the outset.
Axcelerate On-Demand is the hosted version of Recommind's
revolutionary Axcelerate Review & Analysis
(http://www.recommind.com/products/axcelerate_review_analysis) , a
platform for document review, analysis and production. It combines all
of the features of Axcelerate Review & Analysis on-site software,
including Predictive Coding, with the security, scalability and
ease-of use of an on-demand solution.
"Companies are under enormous pressure to minimize unexpected costs,"
said Nick Patience
(http://www.the451group.com/about/bio_detail.php?eid118) , analyst
with The 451 Group (http://www.the451group.com/) . "In the legal
sphere, that pressure manifests itself as a demand for better
visibility into the cost of eDiscovery services. But to deliver such
services, law firms first need a way to get up and running quickly and
to make their own costs more predictable. Recommind has gone a long
way toward solving that problem with Predictive Coding, a technology
that changes the fundamental economics of eDiscovery, and Axcelerate
On-Demand, which puts these services in a hosted environment for rapid
deployment. With Axcelerate eDiscovery On-Demand, Recommind has what
looks like a true differentiator in the legal industry."
Axcelerate On-Demand provides multi-modal fulfillment for enterprises
and law firms that complements rather than replaces the on-premise
version. Axcelerate Review & Analysis customers often use Axcelerate
On-Demand for multi-party litigation (e.g. as part of a joint defense
group), as part of regulatory or internal investigations or where
corporate clients require it. New and potential customers also use
Axcelerate On-Demand for rapid access to Recommind's unique Predictive
Coding and Predictive Analytics technology, which enables them to meet
tight eDiscovery deadlines on a limited budget, no matter how large or
complex the case -- and is typically a precursor to an on premises
deployment.
"Our customers know that Recommind's predictive eDiscovery software
can save millions of dollars per case, but they don't always have the
time or the budget to replace their existing eDiscovery system when
confronted with tight deadlines on matters," said Recommind CEO Robert
Tennant. "That's where our hosted solution comes in. With Axcelerate
On-Demand, law firms and legal departments get all the benefits of
Axcelerate Review & Analysis, including Predictive Coding and
Predictive Analytics, in a secure, reliable environment with no setup
needed. No other vendor can offer game-changing technology any way a
customer wants to use it; as a result, we expect revenue and customer
growth for both Axcelerate On-Demand and Axcelerate Review & Analysis
to continue their torrid pace for years to come."
About RecommindRecommind is the leader in predictive information
management, 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, Nationwide
Insurance, US Department of Energy (DOE), White & Case and Wilmer
Hale. Recommind is headquartered in San Francisco and has offices in
New York, Atlanta, Boston, Chicago, Washington, D.C., London and Bonn,
Germany. For more information, e-mail info@recommind.com
(mailto:info@recommind.com) or go to www.recommind.com
(http://www.recommind.com/)
