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ZyLAB's Affordable, Modular Solutions Enable Organizations to Address
Immediate Business and Compliance Requirements
September 13, 2004 - McLean, VA - ZyLAB, an established
vendor of document imaging and information retrieval software, today
announced that it is cited in IDC's Technology Assessment report,
"Is Disruption Inevitable? Modeling the Future of the Search
and Retrieval Software Market" (IDC doc. #31643), as a vendor
with the potential to disrupt the market because of its lower cost
product that still offers the features demanded by the marketplace.
ZyLAB offers a suite of products for information storage, investigation,
and retrieval. Importantly, each separate software product can be
easily integrated into a customized and comprehensive client solution.
IDC notes that with the entrance of new low-cost products offered
by organizations like ZyLAB, larger vendors must continue to add
additional features to their current offerings in order to convince
current or new customers to upgrade to new versions. As the price
increases with the addition of new features, a company like ZyLAB
is in a good position to capture the lower end of the market because
of its lower pricing and acceptable set of features.
"Based on our model of the dynamics of the search and retrieval
market, we believe that 2006 will be a watershed year for enterprise
search and retrieval," said Susan Feldman, Research Vice President,
Content Technologies, IDC. "Because the market is growing so
rapidly, this market will become saturated in 2006-2007. In other
words, we will run out of new high-end customers for search applications.
However, as prices come down, a new group of customers-mid-size
companies-will begin to invest. Companies like ZyLAB, that offer
full-featured, lower priced, quick-to-install products, particularly
ones that integrate elements of both document management and search,
will appeal to this new group of customers. "
ZyLAB offers a comprehensive XML-based (DoD 5015.2 certified) search
engine and content management solution to archive, search, find,
organize, share, and reproduce all paper and electronic office documents,
including e-mail. Over the years, ZyLAB has developed a set of full-text
search techniques that include: word-, phrase-, wildcard-, Boolean-,
proximity-, quorum-, key field-, date-, number-, synonym-, concept-,
similar-, progressive-, and fuzzy search-, all in relation with
each other and supported by several forms of relevancy ranking,
relevance feedback, text mining and visualization tools.
"ZyLAB is excited to be mentioned in this IDC report - especially
as an example of a vendor that has a great opportunity to disrupt
the search and retrieval marketplace," said Dr. Johannes Scholtes,
president of ZyLAB North America LLC. "We have a number of
major advantages in this market - we have been in business for 25 years, we are global, our products are modular to allow organizations
to purchase what they need (today) with the ability to integrate
future products seamlessly, and our cost structure is competitive.
Many of the larger vendors have an 'all-or-nothing' approach to
sales which is good for them but not necessarily good for the customer.
There is no need for a customer to spend $250,000 for an all-inclusive
solution when they can spend $25,000 - $50,000 on a product that
meets their immediate needs."
About ZyLAB
ZyLAB North America LLC is a fully owned subsidiary of ZyLAB Technologies,
a fast growing and profitable group of companies. Twenty years ago,
ZyLAB developed ZyINDEX, which went on to become the preferred solution
for searching large collections of electronic files in PC environments.
In 1991 ZyLAB created its signature product, ZyIMAGE, the best search
engine available for large digitized paper and electronic file collections.
Now, ZyLAB's evolution continues with ZyIMAGE 5.0, which includes
a full open-source XML framework and supports paper, electronic
files and e-mail. ZyIMAGE 5.0 forms the backbone of ZyLAB's fully
customized document archiving, searching, retrieving, organizing
and sharing solutions for professionals in the legal, law enforcement,
corporate governance and financial fields. Worldwide, ZyLAB has
over 300,000 current end users and has active operational installations
in more than 7,000 sites. ZyLAB provides our clients prompt and
local service from our offices in the USA, Europe and Asia. For
more information, visit: www.zylab.com - ediscovery.
CONTACT:
Evan Weisel of Welz & Weisel Communications,
+1-703-323-6006,
evan@w2comm.com
for ZyLAB North America LLC.
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