This article highlights one approach to evaluating the selection of eDiscovery vendors that may help decision-makers by providing an objective framework useful for the competitive comparison and contrasting of subjective evaluation elements. While the components and ratings used in the approach may be adjusted and weighted based on the experiences and preferences of evaluators, the framework is beneficial for ensuring a holistic evaluation process for determining vendor viability.
According to Intelligent Voice Limited CEO Ben Shellie, “We are delighted to combine Intelligent Voice’s optimized voice retrieval and accelerated voice review with HaystackID’s expertise in data analytics and discovery workflows for high-volume, high-value matters. Intelligent Voice’s daily and intra-day utilization reporting and proprietary audio review workflows augment the defensible, cost-predictable discovery management programs for which HaystackID is renowned.”
Based on a compilation of research from analyst firms and industry expert reports in the electronic discovery arena, the following “Top 100+Provider” list provides a short listing that may be useful in the consideration of eDiscovery providers. This listing is taken primarily from eDiscovery provider mentions in selected key formal industry reports and surveys published between August 2011 and today.
From LexisNexis to Nextpoint and from acquisitions to investments, the abridged listing of eDiscovery merger, acquisition, and investment (M&A+I) events seeks to consolidate and highlight key eDiscovery-related investment events and corresponding event dates, company involvement, and known event investment amounts. The general consideration for inclusion in this running listing is the public announcement of an investment event by an organization that offers an eDiscovery solution as part of their overall offering portfolio regardless of their core business.
According to Scott Weisman, chief operating officer of LaunchPad Lab and co-founder of WarRoom, “Nextpoint has always been a leader in the eDiscovery and litigation software space, so we’re excited to continue shaping the future of legal technology with their team. We look forward to working with them to bring additional enhancements for lawyers around the world.”
According to Andy Macdonald, CEO of Consilio, “Consilio’s acquisition of D4 and EQ is a significant advance in the breadth of our U.S. and International data operations. This acquisition milestone significantly bolsters Consilio’s document review, legal process outsourcing, and Cyber Incident Response resources and unlocks new growth and development opportunities from which our employees and multinational client base will benefit.”
According to Ian Campbell, CEO of iCONECT, “Direct access to the source code enhances our ability to create innovative synergies which include artificial intelligence assisting companies to incorporate AI as a standard component of their eDiscovery workflow. At iCONECT we are always focused on looking over the horizon and this transaction is definitely a game-changer for the industry.”
According to Ken Basore, GM Enterprise Solutions at Cellebrite, “Corporate investigators are under serious pressure, now having to face the additional challenge of sourcing data to support cases from a geographically scattered hybrid workforce, who are using more devices and messaging services than ever before for professional communications. Today’s announcement underscores the strategic importance of Cellebrite’s cloud capabilities and our commitment to ensure enterprise investigators can adapt to a hybrid workforce.”
According to Brad Harris, VP of Product at Hanzo, “This new feature is Hanzo’s first entry into visual analytics born from the work we did with The Sustainable Innovation Fund with Innovate UK grant. We’ve been building models to take complex data sets and extract value and meaning with visual context. When you have massive amounts of data, results in a simple grid view are tough to parse through to gain meaningful insights. From this foundational work, we’re looking forward to adding toolsets to help enterprises gain more intelligence about the content of their data, whether it’s PII or sentiment analysis.”
According to HaystackID CEO Hal Brooks, “The privacy and security of our customers as well as the reliability of our services are paramount to our success. Law firms and corporate legal departments that want to ensure that their data is protected can have even more confidence that the safeguards HaystackID has in place are industry leading.”