Version 4.0 delivers automated E-discovery, E-Risk Management, E-Records Management

AUSTIN, Texas – September 13th, 2006 – StoredIQ, Inc. a leading provider of automated Information Classification and Management (ICM) software, today announced Version 4.0 of the company’s information management platform. Enhancements include advanced information search, classification and management functionality in addition to features that facilitate lower-cost e-discovery and e-records management.

This new version enables key e-discovery functions including an ad-hoc query capability for all metadata to easily iterate searches that precisely gather together required legal files. Further, certified integration of the Litigation Hold capability within EMC’s Centera CAS server acts to protect legal files, resulting in the most robust e-discovery solution available in the market. For proactively managing e-risk in the enterprise, StoredIQ now offers a number of general business pre-built classifications to identify and take remedial action on problematic content. As an E-Records Management system, the automatic setting of retention periods on specific classes of files lets organizations execute required data retention policies at a much lower cost.

“We recently used StoredIQ for e-discovery on a major case involving a world-wide financial services firm and it’s client, a large oil and gas company, said Ken Sidelinger, director at global legal services firm, LECG. “Within hours, StoredIQ's natural language processing technology "discovered" the top 5% of the documents most relevant to the case, reducing the total number of relevant documents requiring manual review by 95%. Their classification technology not only effectively served as a man-multiplier for legal counsel, resulting in faster, more thorough and more uniform production of critical documents, but also provided extensive labor savings.”

“Organizations need to have a proactive information management initiative to protect themselves and their customers, partners, and stakeholders” said Keith Zoellner, CTO of StoredIQ. “Utilizing StoredIQ’s e-discovery functions in Version 4.0 to locate and protect critical legal files is financially justified with just a single lawsuit, but utilizing the same StoredIQ system for e-risk management and e-records management makes it a the absolute best information management value in the market.”

StoredIQ’s information classification and management system, ICM 5000TM is a ready-to-go information management platform that automates the discovery, classification, protection and storage of unmanaged business information in files and email. StoredIQ V 4.0 advances its context analysis and search capabilities, providing the most precise and efficient categorization of files by business value or risk to the organization. StoredIQ is sold as an appliance-based software product in a single, four or eight-node cluster configuration to address a wide range of customer needs.

StoredIQ is a leading software provider of enterprise information classification and management (ICM) solutions for e-discovery, e-risk mitigation, and e-records management. Automated discovery, classification, protection, and policy actions allow organizations to meet legal requirements while reducing risk, storage and administrative costs. StoredIQ brings content and context-aware intelligence and action-based policies to the information lifecycle management (ILM) process so organizations can effectively understand and manage their internal information based on value and risk. The company was founded in 2001, is privately held and is located in Austin, Texas. For more information, visit www.storediq.com

The StoredIQ Information Classification and Management Platform and ICM5000 are trademarks of StoredIQ. All other product and company names may or may not be trademarks or registered trademarks of their respective owners.