OCEANPORT, N.J. and SANTA CLARA, Calif.—September 5, 2007—CommVault® (NASDAQ: CVLT) and Clearwell Systems, Inc., a leader in Intelligent E-Discovery, today announced that they are teaming up to jointly market the value proposition of the two companies’ solutions for e-discovery, risk mitigation and compliance. CommVault and Clearwell will work together to deliver end-to-end e-discovery solutions to enterprise IT and legal departments utilizing the CommVault SimpanaTM software suite and the Clearwell Intelligence Platform®.
The newest version of CommVault Archive, one of five core modules that comprise the Commvault Simpana software suite, is a comprehensive archive solution for managing and retaining all electronically stored information (ESI) including email, collaboration, file and Network Attached Storage (NAS) data across online file systems, nearline archives and offline backup tapes from a single user interface. The Clearwell Intelligence Platform augments CommVault’s already robust messaging and file archiving, classification, records preservation management and search capabilities with market-leading analysis and review. The combined solution can deliver significant cost savings by streamlining and automating archiving, discovery and analysis across the entire storage environment as part of a singular approach to data and information management.
“Having access to all electronically stored information and not just email is critical to the successful outcome of any e-discovery response,” said Mike Ivanov, senior director and head of CommVault’s Archive Center of Excellence. “By working with Clearwell, we are enabling customers to fully unlock the potential of their corporate data. Our combined efforts acknowledge and promote this marriage of critical enterprise content with intelligence and e-discovery software, giving customers an end-to-end solution that reduces the cost, duration and risk of e-discovery.”
“The electronic discovery marketplace is increasingly competitive with hundreds of vendors vying for position,” said George Socha and Tom Gelbmann, co-authors of the survey, and co-founders of the Electronic Discovery Reference Model (EDRM) Project. “Clearwell has risen rapidly in this crowded market and has emerged as a viable player.”
The relationship includes a comprehensive go-to-market (GTM) plan between CommVault and Clearwell. The relationship also incorporates many facets of joint marketing, including communications, lead generation and sales enablement.
“By significantly reducing the risk, cost and time traditionally associated with e-discovery, our customers become the true beneficiaries of this collaboration,” said Kamal Shah, vice president of marketing and product management at Clearwell Systems, which was recently ranked by corporate end users as a top “E-Discovery Software Provider” in the influential Socha-Gelbmann 2007 Electronic Discovery Survey. “The complementary nature of the Clearwell and CommVault solutions highlights how our technology can transform ESI including email data, preserved for compliance purposes, to intelligent information that can be easily and proactively analyzed within a flexible analytical store.”
In the U.S. court system, the onus of e-discovery took on new weight on Dec. 1, 2006, when amendments to the Federal Rules of Civil Procedure (FRCP) took effect. A recent survey shows that, on average, U.S. companies face 305 (1) lawsuits at any one time translating into millions of dollars in litigation costs. With each lawsuit comes the obligation for discovery – production of evidence for presentation to the other side in a legal dispute. According to research firm Gartner, spending on e-discovery software technologies is forecast to grow at more than 30 percent annually through 2010 (2). Gartner currently estimates the worldwide e-discovery total software revenue to grow from $183.9M in 2005 to $847.2M in 2010 (3).
Clearwell Systems, a leader in Intelligent E-Discovery, is transforming the way enterprises conduct e-discovery in response to litigation, regulatory inquiries, and corporate investigations. By automating the analysis and review of electronically stored information, Clearwell enables enterprises to reduce the cost, duration, and risk of e-discovery. Leading corporations, government agencies, and legal service providers have reduced e-discovery costs by as much as 80 percent within days of their deployments. For more information, visit www.clearwellsystems.com, or learn about E-Discovery 2.0 at clearwellsystems.blogspot.com.
A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information ManagementTM solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault’s exclusive single-platform architecture gives companies unprecedented control over data growth, costs and risk. CommVault’s SimpanaTM software suite of products was designed to work together seamlessly from the ground up, sharing a single code and common function set, to deliver superlative Data Protection, Archive, Replication, Search and Resource Management capabilities. More companies every day join those who have discovered the unparalleled efficiency, performance, reliability, and control only CommVault can offer. Information about CommVault is available at www.commvault.com. CommVault’s corporate headquarters is located in Oceanport, New Jersey in the United States. (cvlt-pt).
This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions and others. Statements regarding CommVault's beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from anticipated results. CommVault does not undertake to update its forward-looking statements.
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(1) Source: Fulbright & Jaworski LLP, “Third Annual Survey of Corporate Litigation Trends”, October 2006, http://www.s-ox.com/news/detail.cfm?articleID=1998
(2) Source: Gartner Group,“Dataquest Insight: Emerging E-Discovery Market Spurs New Content and Records Management Investments”, October 2006
(3) Source: Gartner Group,“Dataquest Insight: Emerging E-Discovery Market Spurs New Content and Records Management Investments”, October 2006