Press Releases

eDiscovery Leader CaseCentral Enters 2011 with Substantial Growth in Fourth Quarter 2010

New Fortune 500 clients and increased renewal business fuels 2011 momentum and demand for CaseCentral’s cloud-based eDiscovery software

San Francisco – January 12, 2011 – CaseCentral, the leader in secure, cloud-based eDiscovery software for corporate counsel and law firms to simplify and take control of eDiscovery, today announced substantial growth and profitability for the fourth quarter of 2010.  Increasing demand for CaseCentral’s cloud-based, software-as-a-service (SaaS) eDiscovery software and a considerable level of renewal business drove CaseCentral’s results during the quarter. 

“As the eDiscovery market matures, both companies and law firms are realizing the benefits of cloud-based eDiscovery software that adapts quickly to fluctuations in eDiscovery demands without the burden of expensive IT infrastructure,” said Tom Thimot, President and CEO, CaseCentral. “The successes of CaseCentral’s cloud-based eDiscovery software are clear indications of our eDiscovery leadership and the value that our cloud-based eDiscovery technology delivers to both our clients and the legal community.  We believe that 2011 is the year that corporations and law firms will overwhelmingly evaluate cloud-based software to support their eDiscovery processes and workflow.”

During the fourth quarter of 2010 the company produced greater than 35 percent quarter-over-quarter revenue growth and signaled a return to profitability by posting more than 15 percent net income and EBITDA greater than 20 percent.

SaaS / Cloud Computing Uptake by New Fortune 500 Clients and Sizable Renewal Business

CaseCentral also recognized significant new customer signings and installed base expansion.  DTE Energy and MeadWestvaco, both Fortune 500 companies, chose CaseCentral’s cloud-based eDiscovery software for in-house eDiscovery.  During the quarter, CaseCentral signed an extraordinary multi-year, $20m client contract for its cloud-based eDiscovery software.  During the quarter, existing clients increased their use of the CaseCentral software by over 30 percent, representing continued confidence in CaseCentral’s cloud-based, SaaS eDiscovery software.

Market and Legal Community Recognition

During the quarter CaseCentral announced that The Radicati Group, a leading market research firm, named CaseCentral as a Top Player in its “eDiscovery Solutions – Market Quadrant 2010” report.  
CaseCentral was also selected in December as a “Texas’ Best” in the category of eDiscovery Company – National by the Texas legal community.  The first annual survey, conducted by Texas Lawyer, included more than forty categories with several hundred eligible eDiscovery providers.

Additional CaseCentral 2010 eDiscovery Leadership Highlights

• CaseCentral set a new standard for eDiscovery vendors by eliminating eDiscovery processing fees for Symantec Enterprise Vault customers who use the CaseCentral Connector for Symantec Enterprise Vault Discovery Accelerator.
• As the adoption of cloud-based applications accelerated in 2010, CaseCentral created the industry’s first Blueprint for cloud-based eDiscovery, which provides a framework to guide decisions in terms of security, privacy, control, risk and cost practices at corporations and law firms looking to bring eDiscovery in-house via the cloud.
• R4.1, a software upgrade to the CaseCentral eDiscovery Platform, offers legal teams increased self-service and ease-of-use benefits while extending security enhancements for CaseCentral’s enterprise-class eDiscovery disaster recovery and business continuity planning (BCP). CaseCentral’s secure, enterprise-grade infrastructure and powerful private cloud delivery model provides immediate access to the latest product features and enhancements for thousands of CaseCentral users in corporations and law firms, worldwide.
• Became the first established eDiscovery company to join the Cloud Security Alliance. CaseCentral’s established background in the legal and eDiscovery markets provide the Cloud Security Alliance with the knowledge and experience to continue driving the CSA’s commitment to security assurance within cloud computing.
• Case in Point, CaseCentral’s weekly eDiscovery cartoon series, celebrated two full years of weekly eDiscovery industry humor read by thousands across the globe.

 Continued Software-as-a-Service (SaaS) and Cloud Computing eDiscovery Growth

“SaaS advantages, such as ease of deployment, easy upgrades and the ability to scale up and down quickly depending on the size of the matter, benefit legal users who wish to avoid conventional buying and support services from their internal IT departments. This will allow legal departments to contract directly for e-discovery functionality with very little risk and no implementation delays.” 1

Software application delivery via the cloud provides control without the burden of infrastructure. 
When bringing eDiscovery in-house, corporations, law firms and service providers are finding a secure, private cloud-based software application compelling. Clients control the eDiscovery process, data and access, without incurring the costs, risks and time delays inherent in on-premise software deployment and use. Cloud-based applications provide a centralized environment needed to give corporations and law firms control over their eDiscovery projects while enabling seamless collaboration with users outside the firewall, including service providers and outside counsel. Additionally, cloud-based applications minimize the requests for internal IT departments to constantly purchase infrastructure and modify corporate network and security standards for third party access, which can increase security risks.

CaseCentral’s cloud-based eDiscovery platform provides elastic capacity, on-demand.  Clients can support large fluctuations in ESI data volumes without paying for additional storage hardware or infrastructure. And clients can add new users, reviewers and cases immediately without waiting on over-taxed IT departments.

About CaseCentral

Founded in 1994, CaseCentral is the leader in secure, cloud-based eDiscovery software for corporations and law firms to simplify and take control of electronic discovery (eDiscovery) in response to litigation, regulatory inquiries and internal investigations.  CaseCentral enables repeatable, defensible and measurable business processes that significantly reduce eDiscovery risk, cost and time. The CaseCentral eDiscovery platform integrates early case assessment, processing, analysis, review and production capabilities, enabling customers to succeed with a single matter and seamlessly migrate to multi-matter, multi-party, multi-repository support within the same software platform. CaseCentral pioneered the use of process analytics, providing real-time measurement of review rates, quality rates and costs per document - by matter, firm or user.  CaseCentral has served more than 32 of the Fortune 100 and more than 83 of the AmLaw 100.  For more information, call 1.800.714.2727 or visit www.casecentral.com, follow us on Twitter at http://twitter.com/casecentral or read ‘Case in Point’ cartoons, the lighter side of eDiscovery, at: www.casecentral.com/case-in-point/.

Media Contact
Greg Funaro
Lois Paul & Partners
781-782-5896
casecentral@lpp.com