Leading Research Firm Names ZANTAZ® as the Market Leader in the Fast-Growing Email Archiving Market for the Second Year in a Row
New survey finds ZANTAZ market leader with 27 percent of total revenue based on 2004 revenue
Overall email archiving market grew 96 percent in one year
Email discovery and litigation support cited as top end-user requirement for an email archiving solution
PLEASANTON, Calif. (February 14, 2006) - ZANTAZ, Inc., the global leader in Information Retention and Discovery Management (IRDM) solutions, continues to be the leader in email archiving, accounting for 27 percent of the revenue in this rapidly growing market, according to IDC's "Worldwide Email Archiving Applications 2005-2009 Forecast and 2004 Vendor Shares: When You Need to Know That You've Got Mail, Doc #34540, December 2005. The new recently released report provides a top-down sizing of the global email archiving market. Based on email archiving applications delivered as software, a hosted service or an appliance, the report offers a forecast for the 2005-2009 market along with leading vendor revenue and market share data from 2004.
The Leader in a Fast-Growing Market
According to IDC, the email archiving applications market totaled $193 million in 2004, up 96 percent from the prior year's revenue of $98 million. The growth of email and email attachments coupled with an increased awareness of regulatory compliance and corporate governance issues are major factors contributing to the explosive growth of the market.
"IDC's report is a testament to how valuable ZANTAZ' proven email archiving solutions are to customers," said Steve King, President and CEO of ZANTAZ. "By providing unique solutions that fulfill information retention and discovery management needs, we're able to solve some of the most critical data retention and retrieval issues facing companies today."
E-Discovery Helping Drive Growth
IDC also reports that email discovery and litigation support ranked as one of the top 5 critical end-user drivers that organizations cite when purchasing email archiving solutions. King continues, "ZANTAZ continues to be ahead of the trend in delivering information retention products that seamlessly integrate with discovery management solutions. Through our IRDM offering, we provide a set of solutions that enable customers to efficiently manage their electronic documents while also allowing them to quickly respond to discovery and litigation requests."
"Email has taken over as the communication standard for conducting business," said Vivian Tero, Senior Analyst, Compliance Infrastructure, IDC. "Regulators now recognize electronic documents and messages as critical records of business and are mandating the proper retention and management of these records. ZANTAZ understands this critical need and provides its customers with integrated solutions that can help them not only capture this information but produce it in a timely manner."
The full report, IDC, Worldwide Email Archiving Applications 2005-2009 Forecast and 2004 Vendor Shares: When You Need to Know That You've Got Mail, Doc #34540, December 2005 can be purchased at www.idc.com.
About IRDM
IRDM is accomplished when archiving and compliance "Information Retention" (IR) solutions are seamlessly integrated with electronic discovery and litigation support "Discovery Management" (DM) solutions. Such an approach is critical to enterprises that wish to better manage the risk of their electronic communication. To realize the full benefits of "IR," corporations need to proactively retain live data such as emails and IM, as well as archive paper and legacy data as electronic records. The next step is to utilize an integrated discovery management "DM" solution that seamlessly accepts this archived data for the purposes of searching, manipulating, and sharing this information during investigative or legal requests. Together, an IRDM solution allows large enterprises to reduce operational risks and costs, comply with legal, regulatory, and corporate governance requirements, and ultimately avoid costly reactive discovery processes and steep penalties.
Source: IDC, Worldwide Email Archiving Applications 2005-2009 Forecast and 2004 Vendor Shares: When You Need to Know That You've Got Mail, Doc #34540, December 2005
About ZANTAZ
ZANTAZ is the global leader in Information Retention and Discovery Management solutions. ZANTAZ' solutions enable organizations to capture, preserve and access unstructured digital information-including email, IM, files, scanned documents, and other electronic records-and review and produce relevant documents in a manner that reduces operational risks and costs while complying with legal, regulatory and corporate policy requirements. ZANTAZ solutions are available as onsite software applications or on-demand hosted services, and include a broad set of professional services and integration support. ZANTAZ has over 600 customers, including many of the largest corporations, law firms and government agencies in the world. For more information, visit www.ZANTAZ.com.
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