eDJ Brief: Recommind Axcelerate 5 – eDiscovery HTML5 Makeover
Recommind hit the market hard in 2011 as one of the earliest predictive coding (PC) offerings. They garnered a bit of market backlash for their high profile announcement to broadly enforce their PC patent but seemed to shift their focus to Information Governance corporate sales in 2012. Recommind’s latest round of funding for $15 million in September of last year seems to have coincided with a return to eDiscovery along with a quiet turnover of key management. Indeed, Axcelerate 5 represents an entirely new HTML5 application layer on the CORE platform infrastructure to address adoption complexity and increase usability and accessibility. This makes sense when you learn that the cloud based Axcelerate On-Demand represents the majority of Recommind’s revenue. It feels like Recommind is doubling down on eDiscovery while waiting for the corporate market demand for enterprise analytics and Information Governance to catch up. The overall take-away is that Axcelerate 5 is a ‘new’ review product aimed squarely at customers seeking a hosted review platform with mature linear and PC capabilities.