ZyLAB Receives Highest Rating in Research Firm’s E-Discovery Software Product Vendors, 2009 MarketScope
ZyLAB eDiscovery System Empowers IT and Legal Departments to Efficiently Manage the Most Expensive and Tedious Elements of Litigation In-House with Automated Tools
McLean, VA - January 5, 2010 - ZyLAB, a leading provider of e-discovery and information management solutions, today announced that the company has received a “Strong Positive” rating in Gartner’s “MarketScope for E-Discovery Software Product Vendors, 2009” report (Debra Logan, John Bace, and Whit Andrews, December 21, 2009). ZyLAB also received the “Strong Positive” rating in the 2008 report.
Gartner considers companies receiving a “Strong Positive” rating to be viewed as a provider of strategic products, services or solutions. Customers should continue with planned investments, and potential customers should consider this vendor a strong choice for strategic investments. The report states that “When one considers the number of lawsuits that are ongoing or are begun in any one year, it is clear that e-discovery needs to be treated like any other business process. Opportunities for efficiency and cost savings must be sought wherever possible, which is what e-discovery vendors try to address.”
“ZyLAB has been a thought leader and evangelist on bringing e-discovery in-house for several years, and now with the recession and increase in law suits, organizations are rapidly adopting our platform as a way to better control their overall process and costs,” said Johannes Scholtes, Chief Strategy Officer of ZyLAB. “Being named as ‘strong positive’ by one of the most highly regarded research firms that covers the e-discovery market offers independent, third-party credibility to our approach, technology and vision.”
According to the MarketScope, “Recession has accelerated the move to in-house e-discovery and more companies have brought, or are considering bringing, e-discovery in-house. This report will help enterprises build a business case, create a list of possible vendors and determine which ones meet their needs.” The report further states, “Enterprises purchasing e-discovery software can reduce the costs of litigation by improving their control over unstructured content, and semi-structured content, most notably e-mail. Our client references consistently report that they have cut costs and risks by taking control of litigation hold, litigation-hold-tracking, file collection, file processing and legal review, instead of outsourcing these functions.”
The ZyLAB eDiscovery system addresses all the key aspects of e-discovery from information management to producing relevant data for opposing counsel and for use in litigation software. The platform is built around an XML data repository and provides authorized reviewers with access via standard Internet browsers. This deployment is designed to help accelerate case analysis and document review, as well as enable discovery activities to be automatically performed in-house, thereby allowing customers to maintain control and minimize costs. For over 25 years, ZyLAB has been working alongside professionals in the litigation, auditing, security and intelligence communities to develop the best products for investigating and managing large sets of archived data as required by law firms, corporations, the judiciary and legal service providers.
ZyLAB is one of the only solutions built in accordance with the proven e-discovery best practices methodology outlined by the Electronic Discovery Reference Model (EDRM), the recognized standard for e-discovery practices. The reference model provides a common, flexible and extensible framework for the development, selection, evaluation and use of electronic discovery products and services. Information about EDRM is available at http://www.edrm.net.
In the report, Gartner provides insight on cost savings as it relates to bring e-discovery in-house. “The cost savings as reported by clients for early case assessment, along with in-house collection and preservation, can more than justify the purchase of moderately priced e-discovery software ($100,000 to $500,00), or even more expensive software. When interviewed for this MarketScope, clients reported a return on investment (ROI) within three to six months or, alternatively, after one big case, particularly intellectual property disputes.”
About ZyLAB
ZyLAB’s modular e-discovery and enterprise information management solutions enable organizations to manage all data, in any format, to mitigate risk, reduce costs, investigate matters and elicit business productivity and intelligence. For 25 years ZyLAB has been a market leader due to its unique ability to provide modular solutions to meet specific customer requirements as well as deliver advanced capabilities for multi language support, searching, content analytics, document reviewing, and e-mail and records management. The ZyLAB eDiscovery & Production system is directly aligned with the Electronic Discovery Reference Model (EDRM) and features modules for forensic sound collection, culling, advanced e-mail conversion (Exchange and Lotus Notes) and legal review. ZyLAB’s products and services are used on an enterprise level by corporations, government agencies, courts, and law firms, as well as on specific projects for legal services, auditing, and accounting providers. ZyLAB systems are also available in a Software-as-a-Services (SaaS) model.
Currently the company has sold 1.7 million user licenses through more than 9,000 installations. Headquartered in McLean, Virginia, and Amsterdam, the Netherlands, we also serve our local markets from our regional offices in New York, Barcelona, Frankfurt, London, Paris, and Singapore. To learn more about ZyLAB visit www.zylab.com or visit our blog at zylab.wordpress.com.