FTI Technology Adds Attenex(R) Analysis and Review Software to Ringtail(R) Legal(TM)
28 Gennaio 2009 - 2:00PM
PR Newswire (US)
Company Launches New Product Offering under Unified FTI Technology
Brand NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- FTI Consulting,
Inc. (NYSE: FCN), the global business advisory firm dedicated to
helping organizations protect and enhance their enterprise value,
today announced that its FTI Technology segment is launching a new
version of Ringtail Legal that provides significant advancements in
the speed, flexibility and cost-effectiveness of e-discovery and
document review. Less than a year after the acquisition of Attenex,
the company has integrated two market-leading and award-winning
applications to deliver a single e-discovery system of record,
combining the visual analysis and rapid review capabilities of
Attenex with the enterprise-class case management, redaction and
production features of Ringtail Legal. "The launch of this new
version of Ringtail Legal demonstrates FTI's in-depth knowledge of
the e-discovery process, and signals that it is serious about
serving the most pressing needs of corporations," said Vivian Tero,
Program Manager, Compliance Infrastructure, with IDC. The fully
integrated review, analysis, redaction and production capabilities
of Ringtail Legal enable an enhanced and streamlined workflow, all
on one platform. Using the software, e-discovery teams at
corporations, law firms or service providers can take very large
data sets, run sophisticated search queries, and then create
secure, focused assignments or "batches" for reviewers.
Assignments, which can consist of hundreds or thousands of
documents, can be quickly reviewed using patented Attenex
clustering and visualization software. Legal review is the most
expensive portion of e-discovery, comprising up to 80% of the
e-discovery costs. The addition of Attenex software speeds review
by using content analytics to assess the data's subject matter, and
then clusters the information in visual representations based on
the semantic, social and time relationships of the content. This
allows legal teams to quickly and thoroughly parse through
mountains of data to find the relevant documents and quickly mark
and tag them for relevance and/or privilege without relying solely
on keyword searches. Markings can be preserved for future matters,
or used to help orient reviewers to incoming documents as matters
grow in size and complexity. Reviewers can highlight and redact
documents in preparation for future document productions.
E-discovery project managers can then lock and manage productions
for legal counsel. "Combining the advanced analysis and rapid
review capabilities of Attenex with the enterprise-class case
management capabilities of Ringtail Legal completely changes the
game in e-discovery and document review," said David Remnitz,
senior managing director and segment leader of FTI Technology. "Our
clients will immediately benefit from the integration of two proven
and market-leading products, resulting in greater efficiencies from
processing through production. We're extremely proud of this
offering and of our team's ability to deliver it so quickly after
the acquisition of Attenex." Since FTI began offering Attenex
Patterns software to its clients as a complement to Ringtail in
2004, the Attenex and Ringtail software suites have been used
together on numerous high-profile and critical e-discovery projects
-- including internal investigations, case assessment, regulatory
investigations, litigation and joint defense, as well as antitrust
and competition investigations, including Hart Scott Rodino (HSR)
"second requests." The latest release of Ringtail Legal delivers
the rapid review capabilities of Attenex with the enterprise-grade
scale and security of Ringtail Legal without the need to move
critical data between applications during legal review.
Additionally, the latest release provides: -- Fully integrated
visual analysis, review, redaction and production capabilities:
Data can be hosted for review and managed easily in one
application; -- Security: Ringtail Legal restricts document and
field access based on reviewers' user group memberships, providing
project managers with the fine-grain control needed for sensitive
investigations and complex litigation; -- Flexibility: Users have
unlimited flexibility in how and where they review data. Ringtail
Legal is available as an on-demand tool through FTI and FTI
partners as well as an on-premise software suite, providing
budget-minded corporate legal departments with the choice of how
and where the system is maintained, while enabling in-house or
outsourced teams to review document assignments in a single, secure
application; -- Rapid understanding of data: Ringtail Legal
combines advanced and multi-faceted search capabilities with
Attenex visual analytics so that reviewers can more rapidly get a
deeper understanding of the data. Legal teams can visualize
document relationships both pre- and post-assignment creation to
jump-start investigations as well as subsequent phases of review.
Additionally, once the data is reviewed and tagged, the markings
can be re-used in future matters, saving additional time and costs;
-- Smarter assignment creation: The software provides more than 20
types of search criteria as well as batch assignment creation so
that project managers can more easily delegate and oversee review;
-- Increased confidence in the completeness of the review: Ringtail
Legal allows review teams to quickly explore documents left
unmarked or marked irrelevant, ensuring that no vital documents are
left out of the matter; -- Customizable for each phase of review:
Whether using Ringtail Legal for an early case assessment, first
pass review, privileged materials review or a custom project review
workflow, the software can be configured to meet client's changing
requirements. Each phase of review can be streamlined for maximum
flexibility and optimal understanding of the document set; --
Scalability: The Ringtail Legal database is massively scalable and
can support matters involving multiple terabytes (TBs) of data.
Unified brand for Software, Consulting and Services to Meet Growing
Market Need Recent surveys show that Fortune 1000 corporations are
managing, on average, over 500 legal and regulatory matters at any
one time. The scope of these matters can range from smaller
investigations involving a few gigabytes of data to large-scale
"bet-the-company" types of cases in which hundreds of terabytes of
data are collected for review as possible evidence. Often,
companies are simply trying to find the easiest, most
cost-effective and defensible processes and tools in which to
secure the best possible outcome without disrupting the companies'
core businesses. To help companies and their law firms meet these
challenges, FTI has assembled its leading e-discovery software,
services and consulting under one unified brand of FTI Technology.
The FTI Technology segment, consisting of over 600 employees around
the globe, offers on-premise and on-demand e-discovery software as
well as complementary services and consulting to give customers
unprecedented flexibility to address e-discovery challenges at any
stage of the process. The legacy knowledge and unparalleled R&D
investment that FTI Technology has focused on e-discovery uniquely
positions the company to capture a large share of the e-discovery
software market, which Gartner Research estimates will grow between
25% and 35% per year until 2012. Gartner Research recently named
FTI Technology as a "strong positive" in the 2008 MarketScope for
E-Discovery Vendors report, one of only four vendors named in the
highest category and the only one to offer software, consulting and
services that span the entire e-discovery process. The new Ringtail
Legal software will be available for Ringtail on-demand customers
in Q2 and for on-premise customers in Q3. For more information on
Ringtail Legal and our other Ringtail software products, and how
FTI Technology can help corporations and law firms address today's
e-discovery challenges, please visit
http://www.fticonsulting.com/technology. About FTI Technology FTI
Technology, a segment of FTI Consulting, Inc., provides the
software and services that empower corporations and their law firms
to secure the best possible results for legal or regulatory
matters, without disrupting their core business. More information
can be found at http://www.bereadyberight.com/ or
http://www.fticonsulting.com/technology. About FTI Consulting FTI
Consulting, Inc. is a global business advisory firm dedicated to
helping organizations protect and enhance enterprise value in an
increasingly complex legal, regulatory and economic environment.
With more than 3,000 employees located in most major business
centers in the world, we work closely with clients every day to
anticipate, illuminate, and overcome complex business challenges in
areas such as investigations, litigation, mergers and acquisitions,
regulatory issues, reputation management and restructuring. More
information can be found at http://www.fticonsulting.com/. The
MarketScope is copyrighted December 2008 by Gartner, Inc. and is
reused with permission. The MarketScope is an evaluation of a
marketplace at and for a specific time period. It depicts Gartner's
analysis of how certain vendors measure against criteria for that
marketplace, as defined by Gartner. Gartner does not endorse any
vendor, product or service depicted in the MarketScope, and does
not advise technology users to select only those vendors with the
highest rating. Gartner disclaims all warranties, express or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose. Safe Harbor
Statement This press release may include "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934 that involve uncertainties and risks.
Forward-looking statements include statements concerning our plans,
objectives, goals, strategies, future events, future revenues,
future results and performance, expectations, plans or intentions
relating to acquisitions and other matters, business trends and
other information that is not historical, including statements
regarding estimates of our future financial results. When used in
this press release, words such as "estimates," "expects,"
"anticipates," "projects," "plans," "intends," "believes,"
"forecasts" and variations of such words or similar expressions are
intended to identify forward-looking statements. All
forward-looking statements, including, without limitation,
estimates of our future financial results, are based upon our
expectations at the time we make them and various assumptions. Our
expectations, beliefs and projections are expressed in good faith,
and we believe there is a reasonable basis for them. However, there
can be no assurance that management's expectations, beliefs and
projections will result or be achieved or that actual results will
not differ from expectations. The Company has experienced
fluctuating revenue, operating income and cash flow in some prior
periods and expects this will occur from time to time in the
future. Other factors that could cause such differences include the
pace and timing of the consummation and integration of past and
future acquisitions, the Company's ability to realize cost savings
and efficiencies, competitive and general economic conditions,
retention of staff and clients and other risks described under the
heading "Item 1A. Risk Factors" in the Company's most recent Form
10-K and in the Company's other filings with the Securities and
Exchange Commission. We are under no duty to update any of the
forward-looking statements to conform such statements to actual
results or events and do not intend to do so. FTI, Ringtail,
Attenex and Patterns are registered trademarks of FTI Consulting,
Inc. or a subsidiary. Any other trademarks are the property of
their respective owners. DATASOURCE: FTI Consulting, Inc. CONTACT:
Kate Andrejack Holmes, FTI Technology, +1-206-373-6521 Web Site:
http://www.bereadyberight.com/ http://www.fticonsulting.com/
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