NEW YORK and MOUNTAIN VIEW, Calif., Aug. 4, 2008 (PRIME NEWSWIRE) -- PricewaterhouseCoopers LLP (PwC) and Stratify, Inc., a subsidiary of Iron Mountain Incorporated (NYSE:IRM), the global leader in information protection and storage services, today announced a joint business relationship that will enable PwC to provide the Stratify Legal Discovery(tm) service to PwC Advisory clients nationally in support of investigations, regulatory matters and litigation.
The Stratify Legal Discovery service enables PwC professionals to help clients respond to planned and unplanned events such as conducting corporate investigations, efficiently responding to litigation, and developing remediation programs and approaches using Stratify's advanced eDiscovery technology while minimizing their risk and reducing the costs of eDiscovery. Prior to establishing a joint business relationship, PwC conducted an in-depth assessment of the eDiscovery market, during which it tested Stratify's technology and utilized its capabilities on several client matters.
"As today's world grows increasingly more interconnected, organizations are facing increased challenges associated with various risks. PwC's unmatched global business, computer forensic, and investigation experience combined with the intuitive user interface, multi-language capabilities and leading brand reputation that Stratify delivers in the eDiscovery marketplace will enable us to help our clients conduct more efficient and effective investigations at a lower cost," said Dave Burg, PricewaterhouseCoopers' U.S. Forensic Technology leader.
"The PwC-Stratify joint business relationship establishes a new standard in eDiscovery," said Ramana Venkata, Senior Vice President at Iron Mountain and Stratify's General Manager. "PwC's expert forensic analysis capabilities combined with Stratify's intuitive, high-productivity applications for review and analysis can best help organizations prepare for and manage the complexities of even the most sophisticated eDiscovery matters. Together we can meet client demands for the optimal combination of forensic and investigations expertise with the most intuitive and full-featured eDiscovery solution that reduces the costs, risks and complexities inherent in discovery and compliance."
PwC's Forensic Technology Services provide solutions to clients involved in regulatory or other investigations, litigation, arbitration, and other alternative dispute resolution forums. PwC's technologists work with a wide range of subject matter and industry specialists, including accountants and finance professionals, to provide unique approaches to complex business matters. Bringing together data analysis techniques with proprietary technologies, and by using a variety of advanced investigative techniques, they help assess the enterprise, then identify, preserve, and analyze information located on myriad storage platforms.
Stratify is a global eDiscovery leader with more than 400 completed matters and in excess of 200 matters under active project management. The company has partnered with 90% of the AmLaw 50 firms and many of the Fortune 500 corporations to enable accurate and rapid review and analysis of large data collections in connection with complex litigation, internal and external investigations and government approvals of proposed M&A transactions. Stratify combines unparalleled data processing and analytical software along with a deep bench of former AmLaw 100 litigators, project managers and engineers to offer market leading legal technology and professional service delivery.
"Over the years, PwC consistently has been the go-to firm for expert consulting and testimony in complex securities, litigations and other legal matters," said Stephen Whetstone, Stratify's Vice President of Client Development & Strategy and a former litigation partner at Testa Hurwitz and litigator at Skadden. "This joint business relationship further validates Stratify's leadership position in the eDiscovery space and underscores that the paradigm shift away from traditional linear and keyword review to advanced discovery methods is well underway."
"The PwC-Stratify joint business relationship is an exciting new development that should have a significant impact on the eDiscovery market," says Vivian Tero, Program Manager, Compliance Infrastructure at IDC. "With the consulting skills and global reach of PwC and Stratify's advanced eDiscovery solution capabilities, the joint business relationship should substantially alter the traditional consultant-review platform landscape by bridging the gap between litigation readiness, data collection, and forensics with eDiscovery review, analysis, and production, providing an integrated solution to corporations and their law firms around the world."
About Stratify, Inc.
Stratify, Inc. a subsidiary of Iron Mountain Incorporated, is one of the largest electronic discovery solution providers in the world today, serving a large portion of the AmLaw 200 and leading Fortune 500 corporations. The Stratify Legal Discovery(tm) service provides one of the most comprehensive, easy-to-use and reliable technology-assisted eDiscovery solutions for early case assessment and efficient review. Stratify is headquartered in Mountain View, California and maintains a significant regional presence in Boston, Massachusetts, with datacenters in San Jose, CA and Bangalore, India. For more information about Stratify, please visit www.stratify.com.
About Iron Mountain
Iron Mountain Incorporated (NYSE:IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The Company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 100,000 corporate clients throughout North America, Europe, Latin American and Asia Pacific. For more information, visit the Company's Web site at www.ironmountain.com.
About PricewaterhouseCoopers' Advisory Practice
PricewaterhouseCoopers' business advisory professionals provide clients with the confidence to succeed by helping them anticipate, create and manage change. Whether clients are proactively implementing change or reacting to an unplanned event, we leverage our Firm's resources, deep industry experience, and functional acumen across the areas of operations, finance, organizational strategy and structure, process improvement, human resources optimization, technology integration and implementation, risk mitigation and crisis management to help organizations effect sustainable change.
PwC's professionals focused on Forensic Services provide confidential, international resources to investigate fraud or help clients manage and mitigate risk as well as identify and analyze vulnerabilities -- whether in one country or worldwide. Our global capabilities and the experience of our investigators -- many of whom have held senior-level positions with major prosecutorial and law enforcement agencies around the world -- can be leveraged to support investigations that extend across borders or that affect multinational organizations.
About PricewaterhouseCoopers
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 146,000 people in 150 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity.
Stratify and Iron Mountain are registered trademarks, and Stratify Legal Discovery is a trademark, of Iron Mountain.