ZANTAZ Named a Top-Five Service and Software Provider in Socha-Gelbmann 2006 Electronic Discovery Survey
ZANTAZ Ranked Top-Five Service Provider for Second Year in a Row
PLEASANTON, Calif. - August 2, 2006 - ZANTAZ, Inc., the global leader in content archiving and electronic discovery solutions, has been ranked a top-five service provider and a top-five software provider in the prestigious 2006 Socha-Gelbmann Electronic Discovery Survey. This is the second year in a row ZANTAZ has been ranked a top-five service provider. ZANTAZ delivers multiple offerings to the electronic discovery market, including, Introspect, the industry's most scalable and efficient online review and litigation support solution, and First Discovery™, a complete data collection and e-discovery solution that integrates media restoration, a transparent capture agent, a secure online repository, and sophisticated search tools into a single solution. The rankings of the Socha-Gelbmann survey can also be viewed on the Common Scold, a blog authored by Monica Bay, editor-in-chief of Law Technology News. Bay's blog can be accessed at http://commonscold.typepad.com.
"The Top Five service and software providers in this year's survey truly stand out among their law firm and corporate clients for the scope, quality, and depth of their offerings," said George J. Socha, Jr., of Socha Consulting LLC. "Among the many criteria we consider, to reach a Top Five ranking, providers must have a broad offering, receive positive mention from respondents, and generate significant revenue from their electronic discovery solutions."
"Our ranking in the Socha-Gelbmann survey reflects ZANTAZ' ongoing success at understanding and meeting the specific needs of our clients, who require a more flexible, cost effective approach to electronic discovery," said Steve King, president and CEO, ZANTAZ. "As we continue to expand the capabilities of our electronic discovery solutions, Introspect and ZANTAZ First Discovery, we will remain focused on delivering innovations that remove complexity, cost, and risk from the discovery and review process."
The survey reports that the market for electronic discovery grew 56 percent in 2005 and will likely increase approximately 37 percent from 2005 to 2006, another 37 percent from 2006 to 2007, and 29 percent from 2007 to 2008. According to the report, the market drivers last year were cost management, lack of standards, overwhelming volumes of data, lack of quality education and in-depth understanding, and fear.
To provide the basis for the analysis, the Socha-Gelbmann survey worked with data from 91 organizations that provided or consumed electronic discovery services or software. Nearly 700 individuals were initially contacted about participation in the survey. Ultimately, Socha-Gelbmann gathered information from 91 people through direct confidential interviews and three in-depth spreadsheets - one for law firms, a second for corporations, and a third for services and software providers. As in years past, the consumers represented a cross-section of Am Law 200 law firms as well as some of the largest companies in the country and the providers came from a robust cross section of the industry. In addition to gathering information from these primary sources, an array of secondary source information was collected from a variety of business and information resources. To arrive at its rankings, Socha-Gelbmann conducted a detailed evaluation of a broad array of over 300 qualitative and quantitative factors. This information was aggregated into seven top-level categories: experience, capacity, types of services, software usage, law firm rankings, corporate rankings, and revenue. The final results were based on a weighted combination of the criteria, with the Top Five Providers being listed in alphabetical order, without identifying individual ranking within the group.
ZANTAZ Introspect is the industry-leading discovery review solution for complex litigation and compliance projects. A feature-rich review application, Introspect provides image and native file review, multi-level foldering, and full-production capabilities in a highly scalable solution. Introspect manages all types of documents, including native electronic files, scanned paper documents, and transcripts. The solution can be accessed as a hosted service or deployed on-site. It can also be seamlessly linked with the comprehensive data-collection capabilities of ZANTAZ First Discovery.
About ZANTAZ
ZANTAZ is the global leader in Information Retention and Discovery Management (IRDM) solutions. ZANTAZ archiving and litigation support 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 on-site software applications or on-demand hosted services, and include a broad set of professional services and integration support. ZANTAZ customers include 9 of the 10 top global law firms, 11 of the Fortune 25 and 14 of the top 20 Financial Securities firms. For more information, visit www.ZANTAZ.com or call 800.636.0095.
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