CIO Review Magazine Includes Litera in Top 20 Most Promising Risk Management Solution Providers for 2014

Litera announced that it has been named in the Top 20 Most Promising Risk Management Solution Providers for 2014 by CIO Review Magazine.

According to a release, in the March print edition of CIO Review, Editor-in-Chief, Pradeep Shankar, discussed regulatory and other pressures that have led the CIOs of financial institutions to more quickly evaluate and adopt new technologies, stating, "CIOs across the board need to learn from those in the capital markets that being too far behind the adoption curve means that firms might miss opportunities to carve out a competitive advantage for themselves...state-of the-art risk management solutions provided by [Litera and the other top 20 companies] have proven to be of immense value to counter risk."

The piece, highlighted Litera's suite of control products as providing what every organization working with unstructured documents wants "a solution that will ensure quality, speed and security, enhancing the productivity (ROI) and control at the same time."

"Everybody is under immense pressure financially to do more with less and to control the quality and security of the documents. Litera squares that circle and delivers solutions to improve productivity and make both quality and security possible," said Paul Domnick, Litera board member and business development advisor in the interview.

The article highlights several new Litera solutions to help organizations mitigate risk and control their most important asset, information. "Litera Galaxy, the company's newest product, is a secure, unified matter management and collaboration software platform engineered with cyber security in mind that enables corporations to collaborate securely and efficiently with external 3rd parties while ensuring the risks of data and content leakage and theft are minimized."

Another of Litera's products highlighted, IRM, allows for the sharing of files without giving up control. "We create the ability for an enterprise to automatically protect every file and Microsoft office object so that permissions can be changed at any time, enabling retroactive document protection," says Norm Thomas, Chief Commercial Officer for Litera. Also mentioned, Litera's Metadact-e is a patented, enterprise-grade, server-based metadata solution which previews, cleans and converts documents in Outlook, Web Access, tablets and smartphones, as well as desktop-based documents.

"Litera has very strong presence in the legal market. We see more and more traction in financial and life sciences industries because of increasing protection requirement in information security. The future for us is to listen to other regulated industries and extend our solutions to these industries as well as to government which provides a huge potential market for us," says Thomas.

Litera offers content risk management suite of cyber-secure document creation, collaboration, and control technology.

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