PRZOOM - /newswire/ -
Austin, TX, United States, 2013/03/12 - Patented Technology Supplements the Company’s Service Offerings and Further Enables Corporations to Efficiently and Consistently Manage eDiscovery and Compliance Across the Organization - RenewData.com. NASDAQ: CG
RenewData, a full-service eDiscovery provider that offers the industry’s broadest spectrum of review acceleration solutions, today announced that is has received patent number US 8,375, 008 BI for its method and system for enterprise-wide retention of electronic data. This is the second patent RenewData has earned in less than a year and underscores the company’s commitment to technological excellence and innovative solutions. The company now has 16 patent or patent applications that are focused on eDiscovery and information management and supplement and power the company’s service offerings.
Highly applicable to information risk management and eDiscovery, the patent covers the intricacies of storing, monitoring and managing enterprise-wide data efficiently and defensibly. As corporate legal departments and law firms struggle with big data, the need to reduce costs, burdens and risks associated with historical data continues to increase. RenewData’s patented process addresses this key issue.
“The patent is another example of RenewData’s deep expertise and strong technology-focused leadership,” said Hemanth Salem, Chief Operating Officer for RenewData. “This technical vision, combined with our consultative partnership with clients, fuels our continual innovation towards ground-breaking services and technology that help corporations and law firms better manage data and drive time and cost savings into compliance and eDiscovery processes.”
RenewData announced in August 2012 that it had been awarded patent number 9,150, 827 B2 related to proprietary technology powering its Language-Based Analytics. The company also announced new product launches - Language-Based Content Filtering and Language-Based Review Acceleration during LegalTech New York.
RenewData (renewdata.com) is a full-service eDiscovery provider that helps corporations and law firms achieve significant time and cost savings, attain a high level of defensibility and reliability, and easily manage multiple projects for legal, regulatory and investigative matters. The company has a deep history building and applying advanced technology for eDiscovery, and has a particular expertise in review acceleration, delivering the industry’s broadest spectrum of solutions to expedite analysis of large collections of data. Of particular note, RenewData’s Language-Based Analytics offerings uniquely accelerate review without relying on artificial intelligence, delivering dramatic savings with a high level of knowledge extraction as well as transparency and insight into reviewer decisions. For more information, call 888.811.3789.