MOUNTAIN VIEW, CA —January 24, 2007 – Stratify, Inc., one of the largest providers of electronic discovery services, today announced the release of the Stratify Legal Discovery 7.0 service with an array of new features that enables attorneys to maximize review rates of discoverable materials and more efficiently manage the discovery process from start to finish. Stratify also debuts the Stratify Legal Discovery™ 7.0 alliance version that allows Stratify channel partners and resellers complete access to the full range of Stratify eDiscovery capabilities as an in-house application that they can share with other parties, including their own law firm and corporate clients, to work on litigation, internal and regulatory matters.
“This new version of Stratify Legal Discovery embodies the best practices developed working with our top law firm and international corporate clients,” said Ramana Venkata, president and CEO, Stratify. “The release of Stratify Legal Discovery 7.0, with the new Processing Console and enhanced production, search, and foreign language support, moves the whole eDiscovery market forward and gives our clients more ways to know what they have and how to deliver that information in litigation matters or government investigations.”
With experts claiming that U.S. companies with over $1 billion in annual revenue are engaged in an average of 147 lawsuits simultaneously, organization and project management become key issues in litigation and investigatory matters. Stratify Legal Discovery customers consistently report document review rates many times higher than with in-house and traditional online systems, thanks to Stratify’s advanced technologies. Last year alone, Stratify’s customers saved more than an estimated $250 million and 1.4 million hours of unnecessary review.
Stratify Legal Discovery 7.0’s new capabilities will enable attorneys to continue to increase their review efficiency while providing greatly enhanced “back-end” data processing and management. Built on top of Stratify’s industry-leading, innovative core technologies, these new capabilities include:
The Stratify Legal Discovery 7.0 alliance version extends these new capabilities to major consulting firms and litigation support providers. Strategic partners who handle confidential, secure internal investigations or regulatory responses can now share the advanced technologies and time-saving features that Stratify has pioneered in the legal discovery market. The scalable architecture, which has been used in multi-terabyte matters involving hundreds of concurrent reviewers, was specifically designed to satisfy the high level of reliability Stratify strategic partners and clients expect and require.
“Our partner, law firm and corporate clients all attest to the integral role that the Stratify Legal Discovery service has played in their most important litigation and investigative matters. Over the past several months alone, we have partnered with dozens of law firms and companies on fast-moving, high-stakes stock option investigations, where speed, accuracy, and scalability are mission-critical,” said Stephen Whetstone, Esq., Stratify’s Vice President of Client Development & Strategy and a former litigation partner at Testa, Hurwitz & Thibeault, LLP in Boston and litigator at Skadden. “Now the world’s top litigation consulting and litigation support firms can bring this best-of-class technology to their own clients and investigations. With our alliance partners, Stratify will continue to drive the legal discovery paradigm away from tired, unreliable, and inefficient approaches to reviewing documents to more sophisticated, accurate, and financially-sensible methods.”
Stratify currently provides Electronic Discovery services to many of the AmLaw 250 and leading Fortune 500 corporations. Founded in September 1999, Stratify is a privately held company that has received funding from Mobius Venture Capital and In-Q-Tel, the venture capital arm of the CIA. Stratify is headquartered in Mountain View, California. For more information about Stratify, please visit www.stratify.com
Stratify and Discover More are registered trademarks and Stratify Legal Discovery and Stratify Visual Email Analytics are trademarks of Stratify, Inc.
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