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Leading eDiscovery Software Vendors in World

Leading eDiscovery Software Vendors in World

Consolidation is going on in eDiscovery market amid acquisitions spree. Whether the acquisition of Guidance Software and Recommind, Inc by OpenText or acquisition of Autonomy by Micro Focus - the landscape of the market is everchanging.

Top 10 eDiscovery Software Vendors in World

  1. Symantec Corporation 
  2. Relativity
  3. Exterro, Inc 
  4. Nuix Pty Ltd 
  5. FTI Consulting 
  6. Micro Focus International 
  7. AccessData Group, Inc. 
  8. OpenText Corporation 
  9. Kroll Ontrack, LLC
  10. International Business Machines Corporation (IBM)
Leading eDiscovery Vendors in World

What is eDiscovery

eDiscovery software/solutions facilitate digital discovery and provide oversight during legal matters. Under the eDiscovery process, electronic data is sought, located, secured, and searched with the intent of using it as evidence in a civil or criminal legal case.
 

eDiscovery Process

In the process of eDiscovery, data of all types can serve as evidence. This can include text, images, calendar files, databases, spreadsheets, audio files, animation, Web sites, and computer programs. Lawyers professionally tend to be risk-averse, and in eDiscovery, they inclined to collect everything. But when 1 GB of data to retrieve an analyze which is equivalent to 70K+ pages it might not be financially feasible for many law firms. So they must zero in information based on priority. 
 
eDiscovery Process Chart

eDiscovery Growth Drivers

The increase of regulations is the main growth driver for wide eDiscovery adoption.
eDiscovery Growth Drivers
Global eDiscovery Market Reports

Browse 50+ Global eDiscovery Software Market Reports From Our Database. The Reports Are Segmented by Product and Services, by Applications, by Disputes and Investigations.

 

The Leading eDiscovery Companies

1.Symantec

Symantec is a publicly traded security, storage, and information management company. The Symantec™ eDiscovery Platform, powered by Clearwell brings transparency and control to the electronic discovery process. From collection to production, company's workflow speeds time to resolution improves accuracy and lowers costs. With better insight and less complexity, the eDiscovery Platform enables the enterprise, governments, and law firms to focus on strategy and create business value. 
 

2.Relativity

kCura entered the eDiscovery market in 2006. In 2017, kCura rebranded itself as Relativity. The reason was given Andrew Sieja, the founder of kCura - "There are more than 160,000 users of the platform in 13,000 organizations—organizing data, discovering the truth, and acting on it for more than 150,000 active matters. In fact, more than 14 billion documents (4.3 petabytes of data) have been ingested into Relativity workspaces this year alone. Thus, going forward, our company will be known as Relativity." Relativity product is one of the most subscribed eDiscovery solutions among legal solution providers.
 

3.Exterro

Exterro's Fusion e-discovery software suite is alone in being built on a general-purpose workflow engine and integration hub. Exterro can enable internal legal teams, outside counsel, co-counsel and litigation support vendors to collaborate in a centralized, web-based, real-time and secure model. Teams also can integrate their existing end-to-end business processes and relationships in Fusion.
 

4.Nuix

Nuix is a privately held company, founded in 2000. Nuix entered the eDiscovery market in 2007. The Sydney based company has its geographical expansion from Asia/Pacific to EMEA and on to North America. Nuix combines the world’s leading processing, review, analytics, and predictive coding technologies to help firm master all phases of eDiscovery from a single easy-to-use, self-managed application.
 

5. FTI Technology

FTI Technology is a separately reported business unit of FTI Consulting, a publicly traded company founded in 1982. In 2017, FTI Consulting and Exterro, have formed a partnership that would provide users of the Exterro Orchestrated E-Discovery Suite with e-discovery consulting and services from the Technology segment at FTI Consulting.
 

6.Micro Focus

In September 2017, Micro Focus wrapped up its USD 8.8 billion acquisition of Hewlett Packard Enterprise’s (HPE) software assets. One of the software units Micro Focus was inherited from HPE was the Autonomy software. The fate of Autonomy is still unknown because of ongoing legal tussle. We did not find any references related to Autonomy on Micro Focus website, though the company provides eDiscovery solution as sperate service along with other solutions.
 

7.AccessData Group

AccessData Group was Founded in 1987. AccessData's eDiscovery and Summation solutions are built on the company's forensics processing and collection technology, Forensic Toolkit (FTK), which enables the forensic collection of data from a variety of sources such as desktops, mobile devices, servers, and structured data stores. For 30 years, AccessData has worked with more than 130,000 clients in law enforcement, government agencies, corporations and law firms around the world to understand and focus on their unique collection-to-analysis needs.
 

8.OpenText

In July 2016, OpenText™ purchased Recommind, Inc., a leading provider of eDiscovery and information analytics. Through the acquisition, OpenText customers received benefit from Recommind’s analytics solutions for eDiscovery, investigations, contract analysis, and enterprise search including Axcelerate, Perceptiv and Decisiv. In the next year, OpenText™ acquired Guidance Software, the makers of EnCase®. The acquisition has broadened the OpenText Discovery portfolio through industry-leading digital investigation, forensic security, and data risk management solutions.
 

9. KLDiscovery

Kroll Ontrack LLC was a private company founded in 1985. LDiscovery, LLC, a provider of eDiscovery, acquired Kroll Ontrack in 2016. In 2017, LDiscovery and Kroll Ontrack launch new KrolLDiscovery brand and Kroll Ontrack logo. In 2018, KrolLDiscovery rebrands itself to become KLDiscovery. KLDiscovery now serves as the parent company and brand for the global legal technologies business while Ontrack once again serves as the data recovery brand. In May 2019, Pivotal, a public investment vehicle, and KLDiscovery (KLD) announced that they have entered into a definitive agreement in which KLD and Pivotal will merge. As a result of the transaction, valued at approximately $800 million in enterprise value, KLD will become a publicly listed company. As a result of the transaction, valued at approximately USD 800 million in enterprise value, KLD will become a publicly listed company.
 

10.IBM

IBM offers eDiscovery as part of its "information lifecycle governance" (ILG) strategy. IBM offers StoredIQ eDiscovery, a user application that helps legal users during the initial phases of the eDiscovery process. IBM StoredIQ eDiscovery does not drive the eDiscovery process but instead helps legal users to control and communicate those processes more effectively.
 

Conclusion

The eDiscovery market's learning graph still needs time to mature as more new laws are evolving. Whether it is a Federal Rules of Civil Procedure (FRCP) or General Data Protection Regulation (GDPR) - new regulations always pose challenges and opportunities at the same time. The growth in the eDiscovery market is directly proportional to the growth in the amount of information being forced to comply with many different regulations.

To monitor and discover different sources and variety of information, organizations are increasingly weighing upon software, even traditional businesses with long-standing dependencies on paper.

The eDiscovery market in ever-evolving, in early days, the industry was ruled by many small vendors along with few bigger ones. But this scenario is changing fast as more emphasis is given on customization of software specific to the client's need.

But we can not overshadow the role of regional players especially non-English speaking countries. There is a huge scope for current players to expand outside of national regions (U.S. and Europe, where the market is almost saturated) and explore opportunities offshore. Japan, South Korea, Latin America, and the Middle East could prove to be a goldmine for early movers.
 
 
 

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