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| [July 27, 2011] |
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CaseCentral Reports Strong Momentum in 1H 2011
SAN FRANCISCO --(Business Wire)--
CaseCentral,
the leader in secure, cloud-based eDiscovery software for corporate
counsel and law firms to simplify eDiscovery, today announced the
company is benefiting from strong demand for its products in the first
half of 2011 as the market continues to shift to enterprises owning the
eDiscovery process and utilizing cloud-based solutions. In 2011 the
company added several brand named companies to its impressive roster of
Fortune 500 customers and had many existing customers expand their use
of the CaseCentral cloud-based eDiscovery software.
"The growth of our customer base and reports from industry experts
reflect the accelerating transition of the eDiscovery market as
organizations move to an integrated, strategic, multi-matter enterprise
eDiscovery process, and rely less on single matter and ad hoc management
of individual cases," said Chris Kruse, CEO, CaseCentral. "More and more
enterprises are realizing the time, cost and risk savings that taking
greater ownership of the eDiscovery process can offer. More importantly,
they understand the unique value provided by CaseCentral, through a
centralized legal repository with multi-matter capabilities and
automation. This coupled with our pioneering and leadership position in
delivering our eDiscovery solutions via the cloud puts CaseCentral at
the nexus of this major shift in how organizations are purchasing and
implementing their eDiscovery and litigation management solutions."
CaseCentral's strategic enterprise eDiscovery revenue has been growing
with a CAGR of 45% since 2009 and now represents over 75% of CaseCentral
revenue versus single event, ad hoc business. This growth signals that
enterprise clients are utilizing the unique multi-matter capabilities of
the CaseCentral eDiscovery Platform to centralize their eDiscovery
processes and handle a large number of cases, as opposed to managing
episodic, data-driven single matters.
"A more systematic approach is needed to increase accountability,
efficiency and even predictability in attorney review," said Katey Wood,
Analyst at Enterprise Strategy Group (News - Alert) (ESG). "More than half of corporate
counsel surveyed in a recent ESG study spent over $1m on e-discovery in
2010, yet 66 percent had never tracked the accuracy or productivity of
attorney review. CaseCentral's non-linear review methods with concept
search increase the speed and focus of review, while its centralized
legal repository offers multi-matter capabilities to compare performance
and re-use attorney work across cases."
A recent case study, "Best Practices in eDiscovery," presented by
Gartner (News - Alert), Inc. at the Security and Risk Conference1,
recommends that companies, "consider bringing all or part of the
eDiscovery process in-house for cases that meet specified criteria,
length or business risk." eDiscovery is becoming a core strategic
solution for te enterprise; something that should be looked at as a
long term investment. Customers bringing eDiscovery in-house via the
CaseCentral eDiscovery Cloudtm are investing in a strategy
and a system that becomes more valuable, at a lower cost, the more it is
used.
In addition to seeing the market validate its vision, CaseCentral
achieved several other leadership milestones in the first half of 2011
including:
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Passed over 1 billion active client files under management and 30,000
cases performed within the cloud-based
CaseCentral eDiscovery software.
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Added nearly 750 new cases, representing nearly 5 TB of new client
data from CaseCentral's enterprise clients.
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Announced
the CaseCentral R5 eDiscovery Platform at LegalTech New York. R5
redefines cloud-based eDiscovery, setting a new standard for the
streamlining workflows and providing multiple tools within a single,
integrated, easy-to-use application for the different stages of
eDiscovery.
-
Secured a number of new customers and expanded its relationship with
many Fortune 500 companies from a wide variety of industries,
including: financial services, aerospace, energy, oil and gas,
manufacturing, high tech, and insurance. Included among these is one
of the nation's largest health benefits companies and one of the
nation's largest electric utility companies.
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Positioned
by Gartner, Inc. in the "Visionaries" quadrant of its 2011 Magic
Quadrant for E-Discovery Software report.2
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Announced
a strategic alliance to combine CaseCentral's eDiscovery
platform with Mitratech's TeamConnect
Legal Suite to offer customers an end-to-end legal operations
management platform to streamline workflow, reduce cost and minimize
risk.
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Deepened its executive leadership team by adding
industry veteran Rob Fisher as vice president of sales and field
operations.
About CaseCentral
Founded in 1994, CaseCentral is the leader in secure, cloud-based
eDiscovery software for corporations and law firms to simplify
electronic discovery (e-Discovery) in response to litigation, regulatory
inquiries and internal investigations. 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,
follow us on Twitter (News - Alert) at http://twitter.com/casecentral
or read 'Case in Point' cartoons, the lighter side of eDiscovery, at: www.casecentral.com/case-in-point/.
1Gartner, Inc, "Case Study: Best Practices in E-Discovery" by
Debra Logan, June 20, 2011
2Gartner, Inc, "Magic Quadrant for E-Discovery Software" by
Debra Logan and John Bace, May 13, 2011

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