Contact Information: Contact: Greg Funaro 781-782-5896 greg_funaro@lpp.com
CaseCentral Sees Strong Customer and eDiscovery Market Momentum in 2009
eDiscovery Market Momentum Picks Up, Installed Base Product Usage Grows and Significant New Corporate and Law Firm Client Wins
| Source: CaseCentral
SAN FRANCISCO, CA--(Marketwire - September 21, 2009) - CaseCentral, the leader in secure,
on-demand eDiscovery software for corporate counsel and law firms looking
to simplify and take control of eDiscovery, today announced a number of
milestones and facts that are driving the company's growth in 2009 and show
the evolution and acceleration of the eDiscovery market.
eDiscovery Market Momentum
CaseCentral is witnessing the resurgence of eDiscovery market momentum due
to the growing preference, amongst large and small clients alike, for a
strategic partner who can provide proven products and innovative solutions
that improve eDiscovery processes and reduce the time, cost and risk of the
analysis, review and production of electronically stored information (ESI),
the most expensive phases of eDiscovery.
In June of 2009, CaseCentral announced and launched the industry's first
integrated eDiscovery platform enabling clients to begin with Early Case
Assessment (ECA) and extend their process through analysis, review,
production and post-production re-use on the same platform, meaning that no
export of data to other tools is required. This approach facilitates
collaborative assessments of new case merits and liabilities, application
of first pass review and real-time transfer to active review if required,
all at a price point that shatters the current ECA pricing model. This has
received enthusiastic market response as both corporations and law firms
are awakening to the need to take control of the eDiscovery process and
data through the use of an integrated eDiscovery platform that provides
repeatability, measurability and defensibility, while at the same time
minimizing the number of eDiscovery tools in use to drive down risk and
cost.
Another leading indicator of eDiscovery market momentum is the number of
Requests for Information (RFIs) and Requests for Proposal (RFPs) that the
company has participated in to date in 2009. Compared to 2008, CaseCentral
has participated in 3 times the number of strategic RFIs and RFPs in 2009.
While many eDiscovery opportunities are tactical, case-driven
opportunities, an increasing number of corporations and law firms are
taking a more strategic approach to identifying and choosing a standard
eDiscovery platform.
Installed Base Growth
CaseCentral has recorded significant growth in its installed base of both
corporate clients and law firm clients as customer confidence has been
boosted by CaseCentral's investments in initiatives to meet customer demand
and accelerate innovation. Some of those initiatives include: the delivery
of the first multi-matter eDiscovery platform, the introduction of the
eDiscovery industry's first disaster recovery and business continuity
planning protocols, ECA pricing starting at $10/GB/month, the release of
the first eDiscovery process analytics and dashboard and the use of private
cloud computing as an application delivery method. In the first half of
2009, over 2,700 new matters were added by existing clients and over 30 new
law firms came on-board in support of existing client matters.
New Customer Wins
The Boeing Company, the
world's premier aerospace and defense corporation, joins an expanding
roster of customers that have selected and standardized on the CaseCentral
integrated eDiscovery platform to help them take control of their
eDiscovery. In addition to Boeing, more than 7 new law firms, including
both AmLaw 200 firms and regional firms, have selected CaseCentral's
integrated eDiscovery platform. CaseCentral has served approximately
thirty-three percent of the Fortune 100 and approximately ninety percent of
the AmLaw 100.
"CaseCentral's business continues to make big strides in 2009. Our
commitment to consistently deliver more innovation, more value and greater
choice to our customers is paying off and we continue to gain market share
and outperform the market," said Tom Thimot, Chief Executive Officer,
CaseCentral. "The eDiscovery landscape is evolving as companies and law
firms seek to standardize on an integrated product to expedite the
eDiscovery process and reduce costs. CaseCentral is leading the way."
About CaseCentral
Founded in 1994, CaseCentral is the leader in secure, on-demand eDiscovery
software for corporations and law firms to simplify and take control of
eDiscovery. CaseCentral enables repeatable, defensible and measurable
business processes that significantly reduce eDiscovery risk, cost and
time. The CaseCentral eDiscovery platform integrates early case assessment,
processing, analysis, review and production capabilities, enabling
customers to succeed with a single matter and seamlessly migrate to
multi-matter, multi-party, multi-repository support within the same
software platform. CaseCentral pioneered the use of process analytics,
providing real-time measurement of review rates, quality rates and costs
per document -- by matter, firm or user. CaseCentral has served more than
32 of the Fortune 100 and more than 83 of the AmLaw 100. For more
information, call 1.800.714.2727 or visit www.casecentral.com. Read 'Case
in Point' cartoons, the lighter side of eDiscovery, at:
www.casecentral.com/case-in-point/.