IDC Names StoredIQ a Leader in 2011 MarketScape: Worldwide Early Case Assessment Report

StoredIQ’s unique approach to conducting early case assessment on data “in the wild”, has been recognized by analysts at IDC as a market differentiator in their 2011 MarketScape: Worldwide Standalone Early Case Assessment Applications Report. The report evaluates the capabilities of early case assessment (ECA) vendor solutions and is designed to help CIOs, corporate legal counsel, compliance officers, and legal service providers understand the key capabilities, the evolving use cases, and market and technology dynamics for the early case assessment solutions and the broader eDiscovery market segment. Among the twelve vendors included in the report, IDC positioned StoredIQ as a leader in the standalone ECA space, a market forecasted by IDC to total $400.8 million in 2011 and reach $857.0 million in 2015.

According to IDC, “Customers cite StoredIQ’s ability to enable the analysis and culling of data at the source prior to preservation and collection as a key differentiator.” IDC goes on to say that StoredIQ “Boasts highly rated indexing, search, and retrieval performance, and the ability to scale. Customers that are looking to search and analyze the universe of content prior to collection highly rate StoredIQ’s ability to scale, as well as StoredIQ’s search and retrieval performance.”

IDC’s recognition of StoredIQ as a market leader validates our innovative and novel approach to conducting ECA prior to preservation and collection. Our powerful ability to perform early case analysis on data where it natively resides gives legal counsel the ability to assess the merits of a dispute, formulate a legal strategy, and make decisions concerning the matter far earlier in the eDiscovery process. Unique among evaluated vendors, StoredIQ’s approach yields a much stronger ROI as data is identified, understood and culled where it lives in the enterprise rather than after costly collections, culling and processing in a central location.

StoredIQ’s early case assessment offering is part of the company’s DiscoveryIQ application. Product strengths and key differentiators identified by IDC include:

• Ability to directly connect to and search a variety of data sources including: major messaging systems (Exchange, Notes/Domino), distributed endpoints, network file shares, export files, major archival and storage systems (EMCCentera, Hitachi HCAP, IBM FileNet, IBM Information Archive, NetApp Snaplock, Symantec Enterprise Vault), content management systems (EMC Documentum, IBM FileNet), and Microsoft SharePoint (including wikis and blogs in addition to document libraries), and laptops/desktops.
• Ability to enable the analysis and culling of data at the source, prior to preservation and collection.
• Highly rated indexing, search and retrieval performance, as well as the ability to scale.
• Ability to perform real-time what-if risk/reward assessments utilizing the DiscoveryIQ application. Based on different culling decisions, customers can see a real-time “scoreboard” provide updated estimates of review costs for a given data set or case.
• Streamlined workflow designed to enable IT and the legal users to collaborate throughout the eDiscovery process.

To learn more about StoredIQ’s Early Case Assessment solution:

• Download an excerpt from the IDC MarketScape: Worldwide Standalone Early Case Assessment Applications Report
• Download StoredIQ AnalyzeAnywhere Technology Brief
• Email info@storediq.com

StoredIQ at LegalTech West

StoredIQ will be on the road next week in Los Angeles for LegalTech West where we’ll be showcasing our eDiscovery for SharePoint solution. As SharePoint continues to grow at 40% year-over-year, we’ve seen an increasing demand from customers to ensure that their eDiscovery and information governance capabilities keep pace with the growth of data in their SharePoint repositories and SharePoint’s evolution as a collaborative environment.

Most eDiscovery solutions are limited in their visibility and scope to just SharePoint Document Libraries and a subset of metadata. They also lack the intelligence to distinguish between multiple versions of documents, and may return very large and inflated data sets for content analysis. In contrast, the StoredIQ solution fully supports all core SharePoint object types and all associated metadata including: Blogs, Wikis, Comments, Discussion Boards, Calendars, Tasks, Contacts, Issue Trackers, Announcements, Surveys, Links, Project Tasks, Picture Libraries, Records Center and Document Libraries.

For a demonstration and more information, visit StoredIQ this week at LegalTech West in Los Angeles – booth #204 – or visit www.StoredIQ.com to download eDiscovery for SharePoint resources.

StoredIQ eDiscovery for SharePoint Resources:

• Taneja Group White Paper: StoredIQ Flagship eDiscovery for SharePoint
• IDC Product Flash: StoredIQ Addresses Information Management Opportunity Around SharePoint Content
• StoredIQ SharePoint Technical Brief
• StoredIQ Extends Industry-Leading eDiscovery and Information Management Support for Microsoft SharePoint

MGM Studios Selects StoredIQ for In-House eDiscovery

Metro-Goldwyn-Mayer (“MGM”), the production and distribution company, whose name is most synonymous with Hollywood has deployed StoredIQ’s Information Intelligence Platform to gain actionable insight from its expanding electronically stored data (ESI) – allowing the IT and legal teams to better collaborate and enhance eDiscovery strategies, while reducing risk and cost in the process.

As is the case with most organizations these days we were faced with a growing amount of electronic data across our enterprise and needed to ensure complete control of that information. With StoredIQ we better understand the state of our data and work in tandem with our legal team, so they can formulate legal strategies earlier in the process and as a result significantly reduce eDiscovery-related cost.

– Carol Campbell-Larson, executive vice president and CIO, information systems at MGM

Every company deals with exponentially growing data volumes, but the entertainment industry is unique when it comes to eDiscovery and IP protection. Disputes over copyright, trademark, right of publicity and idea submission claims – to name just a few – are ever-present in the motion picture business. MGM is one of the forward-thinking companies who have moved the eDiscovery process in-house and are proactively managing their information to protect their data assets to reduce related risk and cost.

Market-leading companies like MGM use StoredIQ to respond rapidly and efficiently to legal matters, litigation, and investigations. Utilizing StoredIQ, corporate legal teams can locate, analyze and act upon unstructured electronically stored information much more comprehensively and efficiently. As a result, companies can better manage their legal risk and reduce expenses, while formulating superior legal strategies. With StoredIQ, MGM and other companies can:

• Proactively manage their corporate data assets to meet their eDiscovery and regulatory compliance mandates
• Quickly locate matter-relevant ESI with advanced search technology
• Analyze electronic documents “in the wild”, where they natively reside without having to move data to a separate location
• Leverage a user-friendly legal and IT workflow and a scoreboard that keeps track of review costs as data is identified, preserved and collected
• Preserve and collect only the smallest legally defensible dataset to a secure legal hold repository, preserving all metadata and context
• Perform first-pass reviews on documents before exporting data downstream
• Act on and manage potentially relevant data in a legally defensible manner with audit trails and a robust chain of custody.

With StoredIQ, MGM streamlines eDiscovery, leverages early case analysis and reduces cost while proactively managing their IP data assets.

To learn more about StoredIQ, visit our website, or email us at info@storediq.com.

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