Recommind Launches Axcelerate Cloud To Optimize The Discovery Process

SAN FRANCISCO, CA--(Marketwired) - Recommind, a leader in advanced analytics, today announced Axcelerate Cloud, the latest iteration of its subscription-based SaaS eDiscovery product built on the award-winning Axcelerate platform. Now incorporating Efficiency Scoring, Axcelerate Cloud builds on Axcelerate's interactive Business Intelligence layer to provide legal teams powerful, simple insights into the efficiency levels they are achieving across their discovery project portfolios.

With data volumes and legal investigations on the rise, it's critical for organizations to equip themselves with powerful analytics and machine learning in an ultra-secure cloud infrastructure. Too often organizations are burdened with inconsistent security, weak predictability and poor visibility around the discovery process. With highly-scalable architecture capable of supporting more than a billion records in a single deployment, Axcelerate Cloud transforms legal information access through analytics for superior fact finding and risk analysis, coupled with unparalleled review efficiency.

"Accenture has been leveraging Recommind's technology and services to achieve great discovery results since 2009," said Rick Schoeneck, Director of Electronic Discovery at Accenture. "We were searching for a capability we could manage internally that would allow us to initiate document reviews quickly and analyze large amounts of data efficiently, but without traditional per/GB pricing. Axcelerate Cloud allows us to use Recommind's managed platform and analytics tailored to our specific needs on a predictable subscription basis."

"Like our clients, we want the best solution for a complex problem at a predictable price," said Jack Ternan, Partner at Brewer, Attorneys and Counselors. "Axcelerate Cloud gives us a comprehensive yet flexible discovery toolkit with a known cost, and Recommind's implementation and support have exceeded expectations."

"The legal discovery process is often drawn out and complicated, racking up millions of dollars in corporate spend each year for businesses," said Jerome Levadoux, SVP, Product Management and Marketing, Recommind. "To help customers gain faster insights for informed decision-making, we've optimized the document review process with better security, visibility, scalability and predictability. eDiscovery is quickly evolving into a closely tracked business process, and we're committed to helping users make this transition."

Awarded "Best eDiscovery Review Platform" by Legaltech News and consistently designated a Gartner Magic Quadrant Leader, Axcelerate transforms the discovery process with its powerful analytics and machine learning technology. Business Intelligence with Efficiency Scoring is an important new feature to Axcelerate, helping corporate legal professionals gain a new level of visibility into the overall eDiscovery review process. Legal professionals can now identify the best resources for each project, refine and repeat successful workflows, and quantify and share accomplishments.

Core benefits of Axcelerate Cloud include:

• Security: Axcelerate Cloud reduces risk by centralizing hosting for all counsel and service providers in a virtual private cloud leveraging state-of-the-art facilities via Amazon Web Services, with data encrypted at rest and in motion. This allows legal professionals to control exactly who has access to their data, including metrics around when, where and how it was viewed.
• Visibility: Axcelerate Cloud provides sophisticated metrics and controls to show where a project stands. This allows legal professionals to measure performance across providers, legal teams and case types and to know exactly what they have at any given time.
• Scalability: Axcelerate Cloud allows organizations to get started fast with no overhead. With nothing to install, legal professionals can scale data volumes up or down quickly and easily, in addition to choosing self service, full service or anywhere in between
• Predictability: Axcelerate Cloud dramatically reduces eDiscovery costs with a predictable, tiered, annual subscription based on data under management instead of traditional hosting fees. It allows legal teams to ingest and produce all the data they wish, assign all the users they wish, and make unlimited use of Axcelerate's advanced analytics and machine learning.

Axcelerate is available to new and existing customers as a Cloud, On-Demand or On-Premise solution supported by Recommind's global product and service team. Axcelerate Cloud subscribers can choose total self-administration or leverage Recommind professional services and affiliated service partners as desired.

For more information on Axcelerate Cloud's features and offerings, please visit Recommind's webpage.

About Recommind, Inc.
Recommind's advanced analytics help legal teams identify the facts that matter for eDiscovery, investigations, contract analysis, and information governance. Recommind's clients include AstraZeneca, BMW, Cisco, Clifford Chance, Marathon Oil, Morgan Lewis, the U.S. Securities and Exchange Commission (SEC), Swiss Re, the U.S. Department of Energy (DOE), White & Case, and WilmerHale. Recommind is headquartered in San Francisco and has offices in New York, Boston, London, and Bonn. For more information go to www.recommind.com.