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Iron Mountain Drives Efficiencies and Reduces eDiscovery Costs with Enhanced Enterprise Discovery Suite Products

^{Published on 2011-01-31 05:35:45 - Market Wire}
 

BOSTON--([ BUSINESS WIRE ])--[ Iron Mountain Incorporated ] (NYSE: IRM) today unveiled major enhancements to two key components of its [ Enterprise Discovery Suite ] with the delivery of [ Iron Mountain Legal Discovery ] 10.0 and [ Iron Mountain eVantagea" ] 2.0. These upgrades to the information management companya™s software for cloud-based and on-premises eDiscovery solutions provide enterprises a unified legal repository, advanced analytics for document review and higher performance early case assessment. Combined, these updates make the high costs of discovery more predictable for companies and allow in-house and outside counsel to simplify their workflow and find critical legal information faster.

"The combination of the Iron Mountain unified legal repository and advanced review technologies provides a strong foundation for organizations looking to cost effectively manage complex, global matters."

The latest version of Iron Mountain Legal Discovery, a high performance hosted review solution, now unifies documents and legal work product from multiple investigations and lawsuits into a single repository. This enables corporate counsel to speed review and analysis by leveraging tags, codings, annotations and other work product from multiple matters, saving time and money once spent repeatedly processing and reviewing documents for individual matters. Attorneys can easily populate new matters with documents and work product from previous matters, quickly assigning review teams and security policies.

aA single, scalable, configurable legal repository that allows companies and law firms to reuse attorney work product across multiple matters can significantly improve eDiscovery efficiencies and lower costs,a stated Brian Babineau, vice president, Research and Analyst Services, Enterprise Strategy Group. aThe combination of the Iron Mountain unified legal repository and advanced review technologies provides a strong foundation for organizations looking to cost effectively manage complex, global matters.a

Iron Mountain Legal Discovery 10.0 delivers innovative analytics and review capabilities that enable attorneys to intelligently manage complex matters and complicated data sets. New text analytic capabilities automatically locate documents and message threads containing Social Security numbers, credit card numbers and other patterned expressions that may be subject to data privacy mandates. In addition, new classification technology provides high-throughput processing of large volumes of documents into existing concept folders for large, complex, fast-moving matters. The new release also speeds review with real-time, metadata-based faceted search technology to slice and dice complex document sets. Advanced persistent keyword highlighting also allows attorneys to automatically track multiple sets of keywords across large data sets to find relevant documents faster.

Enhancements to Iron Mountain eVantage, the companya™son-premises early case assessment solution, deliver processing speeds up to one terabyte of data a day for rapid data culling and analysis. eVantage empowers legal teams to eliminate non-responsive data from costly legal review, and to analyze case facts, risks and costs with advanced analytics to make strategic case decisions and cost assessments. With the new release, customers can deploy eVantage on their own IT infrastructure as a avirtual machine,a or purchase both the software and hardware from Iron Mountain. Users also now have access to extensive Lotus Notes processing, review and export capabilities. Work done in eVantage seamlessly transitions to Iron Mountain Legal Discovery 10.0 for large, complex matters.

aIn the globalizing economy, our customers must grapple with greater volumes of data across a wider range of domestic and foreign litigations, government investigations and internal compliance matters,a said Stephen Whetstone, Esq., vice president and general manager of Iron Mountain Legal Discovery, and a former litigation partner at an AmLaw 50 firm. aWe designed and built our newest electronic discovery offerings to address our customersa™ data challenges, so they can quickly find, tag and produce whata™s responsive, withhold whata™s privileged and cast aside whata™s irrelevant, and track it all a" once a" thereby ensuring consistency across all matters and avoiding having to pay lawyers to repeat the entire expensive process over and again.a

Iron Mountain Legal Discovery and Iron Mountain eVantage are available as standalone solutions or as components of the Iron Mountain Enterprise Discovery Suite, recently introduced in October, 2010. The Enterprise Discovery Suite is Iron Mountaina™s integrated offering of information governance and discovery capabilities including Iron Mountain NearPoint®, Classify & Collect, eVantage, Iron Mountain Legal Discovery and Iron Mountain consulting. To learn more about the Iron Mountain Enterprise Discovery Suite and additional information management solutions from Iron Mountain, visit [ http://www.ironmountain.com/discovery/ ].

Iron Mountain will be exhibiting Jan. 31-Feb. 2, 2011, in booth 2109 at the [ LegalTech East ] conference in New York. Additionally, discovery experts from Iron Mountain will participate in a [ panel discussion ] on cloud-based legal repositories on Tuesday, Feb. 1, 2011.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) provides information management services that help organizations lower the costs, risks and inefficiencies of managing their physical and digital data. The companya™s solutions enable customers to protect and better use their informationa"regardless of its format, location or lifecycle stagea"so they can optimize their business and ensure proper recovery, compliance and discovery. Founded in 1951, Iron Mountain manages billions of information assets, including business records, electronic files, medical data, emails and more for organizations around the world. Visit [ www.ironmountain.com ] or follow the company on Twitter [ @IronMountain ] for more information.