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Open Text Expands its Governance, Risk and Compliance Offerings with New Litigation Management Solution
Livelink ECM – Litigation Management Allows Organizations to Proactively Manage eDiscovery and Significantly Lower Discovery Costs
Chicago, IL - 2006-10-17 - Open Text™ Corporation (NASDAQ: OTEX, TSX: OTC), the largest independent provider of enterprise content management (ECM) software, and TCDI, a market leader in large-scale electronic discovery and litigation case management, today announced Livelink ECM – Litigation Management a new solution that will help organizations to significantly reduce their eDiscovery costs and resource demands.
As the volume of corporate information and the size of litigation dockets continue to grow, organizations are increasingly struggling to control the burden of eDiscovery. The new Livelink ECM – Litigation Management solution from Open Text is the first eDiscovery solution to give enterprises the ability to both manage discovery in-house as litigation arises and to put in place a program of long-term, proactive management of content – anything from informal email to formal contracts – that may be subject to discovery. This process helps enterprises determine what content to keep and what to discard based on regulations and pre-determined policies, thus greatly reducing the amount of content available to litigators.
“Discovery has emerged as a significant problem for legal departments and is having an impact on the organization as a whole, as IT and business resources are diverted to supporting eDiscovery requirements,” said Charles A. Blixt, a recently retired executive vice president and general counsel for Reynolds American, Inc. “This system makes a tremendous difference by narrowing the scope and volume of potentially discoverable content, while providing an efficient yet accurate discovery process from collection through production—the combined result is measurably fewer dollars spent on production requests.”
“One of the end goals of eDiscovery is to minimize the amount of content for attorneys to review,” writes Barry Murphy, Senior Analyst with Forrester Research. “Without a strategic approach to discovery, organizations are unable to do this — they end up turning over all discovered content to legal teams… Increasing litigation and high costs will force enterprises to think more proactively about how to collect, review, format, and produce content in response to a discovery request.” (“eDiscovery Bursts Onto The Scene”, Forrester Research, Inc., March 2006).
By providing the tools to manage discovery in-house, Livelink ECM – Litigation Management allows enterprises to significantly reduce or eliminate outsourcing costs. Furthermore, the legal coding and other work product generated by the eDiscovery process can remain in-house and can be used to accelerate future discovery processes without having to be purchased back at an additional cost.
Livelink ECM – Litigation Management brings together Open Text’s leading records management offering with TCDI’s ClarVergence, a proven litigation support solution which has played a critical role in some of North America’s largest lawsuits. Open Text’s solutions help organizations establish and enforce record management policies across all enterprise content. This uniform application of records policies makes subsequent discovery processes easier, faster and more reliable. TCDI’s ClarVergence adds the tools needed to help find, review, code, and produce content, reducing the discovery burden placed on internal IT staff and simplifying the job of in-house counsel.
“TCDI has 16 years of experience in software and services for large-scale litigation and has been a technology partner in some of the largest litigations in U.S. history,” said Bill Johnson, Chief Executive Officer of TCDI. “By working with Open Text to integrate ClarVergence with Livelink ECM, we are tapping into this experience to give corporations ways to systemically prepare for and better manage litigation to effectively protect their assets.”
“Open Text has a long history of providing solutions to help companies address regulatory requirements around the retention and disposition of electronic content,” said Bill Forquer, Executive Vice President, Compliance Solutions Business at Open Text. “It is a natural evolution of our records management offering to provide advanced discovery and litigation case management capabilities in partnership with TCDI.”
For more information on Livelink ECM – Litigation Management, go to: http://www.opentext.com/2/pro-ll-litigation-management.
In related news today, Open Text announced its strategy for continued leadership as a provider of ECM solutions for law firms and the legal market. For more information, visit: http://opentext.com/news/pr.html?id=1781.
As the volume of corporate information and the size of litigation dockets continue to grow, organizations are increasingly struggling to control the burden of eDiscovery. The new Livelink ECM – Litigation Management solution from Open Text is the first eDiscovery solution to give enterprises the ability to both manage discovery in-house as litigation arises and to put in place a program of long-term, proactive management of content – anything from informal email to formal contracts – that may be subject to discovery. This process helps enterprises determine what content to keep and what to discard based on regulations and pre-determined policies, thus greatly reducing the amount of content available to litigators.
“Discovery has emerged as a significant problem for legal departments and is having an impact on the organization as a whole, as IT and business resources are diverted to supporting eDiscovery requirements,” said Charles A. Blixt, a recently retired executive vice president and general counsel for Reynolds American, Inc. “This system makes a tremendous difference by narrowing the scope and volume of potentially discoverable content, while providing an efficient yet accurate discovery process from collection through production—the combined result is measurably fewer dollars spent on production requests.”
“One of the end goals of eDiscovery is to minimize the amount of content for attorneys to review,” writes Barry Murphy, Senior Analyst with Forrester Research. “Without a strategic approach to discovery, organizations are unable to do this — they end up turning over all discovered content to legal teams… Increasing litigation and high costs will force enterprises to think more proactively about how to collect, review, format, and produce content in response to a discovery request.” (“eDiscovery Bursts Onto The Scene”, Forrester Research, Inc., March 2006).
By providing the tools to manage discovery in-house, Livelink ECM – Litigation Management allows enterprises to significantly reduce or eliminate outsourcing costs. Furthermore, the legal coding and other work product generated by the eDiscovery process can remain in-house and can be used to accelerate future discovery processes without having to be purchased back at an additional cost.
Livelink ECM – Litigation Management brings together Open Text’s leading records management offering with TCDI’s ClarVergence, a proven litigation support solution which has played a critical role in some of North America’s largest lawsuits. Open Text’s solutions help organizations establish and enforce record management policies across all enterprise content. This uniform application of records policies makes subsequent discovery processes easier, faster and more reliable. TCDI’s ClarVergence adds the tools needed to help find, review, code, and produce content, reducing the discovery burden placed on internal IT staff and simplifying the job of in-house counsel.
“TCDI has 16 years of experience in software and services for large-scale litigation and has been a technology partner in some of the largest litigations in U.S. history,” said Bill Johnson, Chief Executive Officer of TCDI. “By working with Open Text to integrate ClarVergence with Livelink ECM, we are tapping into this experience to give corporations ways to systemically prepare for and better manage litigation to effectively protect their assets.”
“Open Text has a long history of providing solutions to help companies address regulatory requirements around the retention and disposition of electronic content,” said Bill Forquer, Executive Vice President, Compliance Solutions Business at Open Text. “It is a natural evolution of our records management offering to provide advanced discovery and litigation case management capabilities in partnership with TCDI.”
For more information on Livelink ECM – Litigation Management, go to: http://www.opentext.com/2/pro-ll-litigation-management.
In related news today, Open Text announced its strategy for continued leadership as a provider of ECM solutions for law firms and the legal market. For more information, visit: http://opentext.com/news/pr.html?id=1781.
About TCDI
Headquartered in Greensboro, N.C., TCDI has grown into a market leader in electronic discovery and litigation case management solutions. Since 1988 the company has been involved in developing software for some of the largest product liability litigation in U.S. history. TCDI has the technology, service, and most importantly, talent to meet some of today's most pressing legal IT challenges. To learn more, visit www.tcdi.com or call 888.823.2880.
About Open Text
Open Text™ is the world's largest independent provider of Enterprise Content Management software. The company's solutions manage information for all types of business, compliance and industry requirements in the world's largest companies, government agencies and professional service firms. Open Text supports approximately 46,000 customers and millions of users in 114 countries and 12 languages. For more information about Open Text, visit www.opentext.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This news release may contain forward-looking statements relating to the success of any of the Company’s strategic initiatives, the Company’s growth and profitability prospects, the benefits of the Company’s products to be realized by customers, the Company’s position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2005. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
Copyright © 2006 by Open Text Corporation. LIVELINK and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
Copyright © 2006 by Open Text Corporation. LIVELINK and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
For more information, please contact
Richard Maganini
Director, Corporate Communications
Open Text Corporation
+1-847-267-9330 ext.4266
rmaganin@opentext.com
Director, Corporate Communications
Open Text Corporation
+1-847-267-9330 ext.4266
rmaganin@opentext.com
Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com
