Leading Analyst Firm Ranks ZANTAZ the Leader in Rapidly Expanding Email Archiving Market for Third Year in a Row
PLEASANTON, Calif. - Oct. 10, 2006 - ZANTAZ, Inc., the global leader in content archiving and electronic discovery solutions, today announced that an IDC study has ranked ZANTAZ as the market revenue share leader in the email archiving market with a 26.8 percent market revenue share, and 2004-2005 growth of 64.8 percent. The study, "Worldwide Email Archiving Applications 2006-2010 Forecast and 2005 Vendor Shares: The Evolution from Email Archiving to Unified Message Archiving Solutions (#2035356, Sep 2006)," states that ZANTAZ, also the market leader in 2003 and 2004, increased its market revenue share in 2005 with its combination of on-site and on-demand service offerings.
According to the study, IDC forecasts the email archiving applications market will reach $471 million in 2006 and grow to $1.004 billion in 2010, a five-year compound annual growth rate.
"Organizations understand that email archiving applications are critical tools for managing information risks and optimizing the enterprise messaging and information infrastructure," said Vivian Tero, an IDC analyst and co-author of the study. "Email archiving has attained the same business-critical status of customer relationship management (CRM), enterprise resource planning (ERP), and financial applications. As such, organizations are demanding rock-solid solutions that meet the diverse needs of multiple stakeholders including email administrators and storage managers, as well as records managers, compliance officers, and legal counsel. With its variety of offerings, delivery models, and recognized expertise, ZANTAZ remains the market revenue share leader for 2003-2005."
ZANTAZ' unique ability to offer our software on-demand, on-site, or an integrated combination of the two, enables us to meet our customers' specific content archiving and electronic discovery needs in the face of rapidly evolving litigation and regulatory requirements," said ZANTAZ President and CEO Steve King. "The fact that we have more than 11 billion emails currently stored in our on-demand Digital Safe service, and are growing at the rate of more than one billion emails per quarter, is a clear indication that our customers recognize our market leadership and solution capabilities."
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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