StoredIQ Growth Fueled by Increased Market Demand in Unified Approach to Information Governance

Customers Demand Fast, Highly Scalable Governance Solution for Seamlessly Synchronizing Information Intelligence Across eDiscovery, Records Management and Compliance

AUSTIN, Texas--(BUSINESS WIRE)-- Fueled by customer needs to gain insight and control over the proliferation of data and escalating information management challenges, StoredIQ, the leader in information governance, today announced that through the first half of 2011, it has seen amplified customer growth and acquisition based on increased market demand in a unified Information Governance solution. Today, customers across a broad spectrum of industries, including entertainment, legal, manufacturing, energy and financial services, rely on StoredIQ’s industry-leading Information Intelligence Platform to meet their information governance requirements including eDiscovery, records management and compliance.

“Organizations are increasingly seeing the ROI from investing in complete information governance capabilities, and strategies have evolved from just managing electronic information for eDiscovery matters to handling all of today’s legal, governance and compliance requirements,” said Barry Murphy, principal analyst, eDiscovery Journal. “StoredIQ’s ability to give customers a deep understanding of their enterprise data enables efficient collaboration, allowing legal teams, IT professionals and compliance officers to access all relevant data for their distinct information governance purposes.”

Continued Customer Growth and Expansion

In 2011 StoredIQ has seen significant customer growth across vertical markets and Fortune 1000 enterprises, including insurance, banking and global oil and gas. Other market-leading companies including recently announced customers, Metro-Goldwyn-Mayer Inc. (“MGM”) and Madison Capital Management are using StoredIQ to respond rapidly and efficiently to legal matters, litigation and investigations.

“As is the case with most organizations these days, we were faced with a growing amount of electronic data across our enterprise and needed to ensure complete control of that information,” said Carol Campbell-Larson, executive vice president and CIO, information systems at MGM. “With StoredIQ we better understand the state of our data and work in tandem with our legal team, so they can formulate legal strategies earlier in the process and as a result significantly reduce eDiscovery-related costs.”

“Given the petabytes of data we deal with globally, as well as the extent of data sources and custodians, finding and collecting targeted, matter-relevant data can be a difficult challenge,” said the IT enterprise architect for a large oil and gas company. “With StoredIQ, we were able to quickly and accurately narrow the scope of our ESI collection for a specific matter to less than one percent of the original data – saving us significant time and expense during the formal review process, while maintaining a defensible audit trail.”

StoredIQ provides greater visibility and control over business critical information with a holistic and comprehensive solution for fast and efficient response to information governance, eDiscovery and compliance challenges. With StoredIQ, companies benefit from:

• Fast ROI through rapid deployment and ease of use
• Broadest support available for enterprise-class data sources, including email, file systems, SharePoint, desktops
• Fault-tolerant, agentless architecture designed for massive scalability through clustered and federated appliances
• State-of-the-art classification engine with rich content extraction and tagging capabilities and support for natural language processing
• Sophisticated policy engine automating data management according to compliance, legal and governance requirements
• Deep, dynamic search across all live content and its associated metadata; integrated document viewer displaying highlighted search results
• A unified method of managing business policies against enterprise data

Find out more about how to make the move to the ‘left-side’ of the EDRM. Contact StoredIQ today to request your data assessment and data topology map – and take the first steps toward building a strong information governance foundation for increasing your eDiscovery ROI and meeting regulatory and compliance requirements.

About StoredIQ

StoredIQ is a leading provider of enterprise-class Information Governance solutions, enabling organizations to gain visibility and control over business-critical information to help meet their compliance, information management and legal discovery requirements. The company provides a range of integrated solutions for fast response to litigation and investigations, for proactive "litigation readiness," and for information protection and risk management, as well as storage management. Industry-leading companies rely on StoredIQ’s award-winning technology to streamline their information management and eDiscovery processes to reduce the risk, complexity and cost of litigation. For more information, visit www.storediq.com.

StoredIQ is a trademark of StoredIQ, Inc. All other trademarks may or may not be trademarks or registered trademarks of their respective owners.

StoredIQUrsula Talley, 512-334-3101
VP, Marketing
[email protected]

Source: StoredIQ