I am generally bullish on what I consider to be the undersized eDiscovery market. The $44 stock price spike after the CS Disco’s IPO equates to a $2.5B market capitalization. That is a 36X MULTIPLE of CS Disco’ s reported $68.4M 2020 revenue. Red flags pop up for me considering that CS Disco lost $29.8M in 2020 and $22.8M in 2019. According to the [...]
Yet another acquisition in the accelerating consolidation of the eDiscovery market space. In this case there is some functional overlap offset by clear differentiation in solution strengths. In my opinion, both players peaked early in the eDiscovery market and were being left behind until recently. Maybe the ParkerGale Capital money and guidance will forge a real competitor to the evolving Relativity-Reveal-Exterro battle royal. For [...]
A.I. driven review platforms seem to be a hot trend. First Reveal Data, followed by Relativity’s acquisition of Text IQ and now Exterro releasing a new review offering based on ‘deep learning’. I always want to understand the tech and mythologies underlying solutions. Ajith Samuel and Bill Piwonka at Exterro were kind enough to walk me through Exterro’s investments in A.I. going back to [...]
I spotted my friend Tony LaMacchia's picture in my morning media feeds and made a note to circle back to read the interview by Jeff Kruse and Cash Butler. Normally I would just pull a couple good excerpts in an eDJ News commentary. I had such a hard time remembering which of many feeds I had seen Tony’s smiling face in that it took [...]
A peer with a looming deadline messaged me yesterday to ask if I knew of any way to export Advanced eDiscovery (AED2) collections without processing them into a review set. Despite a vague recollection from the Spring 2021 AED webinar of a MSFT PM saying that a ‘direct to export’ collection feature was on the road map I could not find confirmation. At this [...]
Microsoft’s Information & Protection teams are rolling out Advanced eDiscovery(AED) updates at a remarkable rate. The product team’s April 7th webinar and presentation deck has not yet been published, but I wanted to share some perspectives on how these updates may impact AED users. The pandemic has driven E5 license upgrades and features to support remote employees, which makes AED usage more practical for [...]
Reveal-Brainspace continues to make traction with eDiscovery service providers. Onboarding 25 new partners in a single quarter speaks volumes and requires a mature partnership engine. UnitedLex was a Relativity Best in Service partner as recently as 2016. In fact, they are still a Relativity Certified Partner. With large discovery matters lasting 2-4 years, most clients prefer to let them age off a platform rather [...]
Slowly but surely I am resuming regular briefings with providers. I remember when ZyLab first jumped into the US eDiscovery market with their hybrid archive/investigation tool. Thanks to Scott Hunter for walking me through their most recent release. In my not-always humble opinion, ZyLab always reminded me of Nuix. An innovative, independent architecture paired with a techie GUI that lagged the US market leader’s [...]
Today’s announcement of the Relativity-X1 Enterprise integration had me puzzled at first. After all, Relativity Collect has been integrated with X1 Discovery files/emails since 2019. So what is the difference? Digging into the announcement and their documentation, my take on the new integration with X1 Enterprise Platform is the indexing of remote custodians and other data sources for in place search/collection. There are two [...]
Relativity has long had a strategy of partner driven innovation wherein they acquire successful integrated products that are converted to module or features. Just look at Relativity Legal Hold, Collect, etc. for prior examples. I call your attention to how their announcement broadens Relativity’s corporate value proposition from simple eDiscovery to include compliance, data requests, investigations and other information governance usage scenarios. This signals [...]