StoredIQ Named a Leader in 2011 IDC MarketScape: Worldwide Standalone Early Case Assessment Applications Report for the eDiscovery Market
Strong growth and performance, and unique capabilities and strategy, contributed to StoredIQ’s position as an ECA market leader
Austin, Texas — September 20, 2011 — StoredIQ, a global leader in actionable information governance solutions, including eDiscovery, records management, compliance and storage optimization, today announced that it has been recognized as a "leader” in the IDC 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,” said Ursula Talley, vice president of marketing for StoredIQ. “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 (EMC Centera, 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 view an excerpt from the IDC MarketScape: Worldwide Standalone Early Case Assessment Applications Report, or learn more about StoredIQ’s ECA solution, visit www.StoredIQ.com.
About StoredIQ
StoredIQ is a leading provider of enterprise-class Information Governance solutions, enabling organizations to gain visibility and control over business-critical information to help meet their compliance, information management and legal discovery requirements. The company provides a range of integrated solutions for fast response to litigation and investigations, for proactive "litigation readiness," and for information protection and risk management, as well as storage management. Industry-leading companies rely on StoredIQ’s award-winning technology to streamline their information management and eDiscovery processes to reduce the risk, complexity and cost of litigation. For more information, visit www.storediq.com.