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Clearwell Systems Wins TiE50 Award

E-Discovery Software Company Named Among Top 50 Entrepreneurial Companies Worldwide

MOUNTAIN VIEW, Calif. — May 21, 2010 — Clearwell Systems, Inc., a leader in intelligent e-discovery, has been selected as a winner of the prestigious TiE50 Award, which honors the 50 most entrepreneurial companies worldwide. Clearwell, one of ten winners in the Software category, was chosen from nearly 4,000 nominees and almost 100,000 public votes for the strength of its innovation, product offering and management team. Clearwell and the other TiE50 winners were honored at TiEcon 2010 on May 14-15 at the Santa Clara Convention Center.

“The TiE50 represent the best in entrepreneurship — risk-taking yet pragmatic, visionary but market-aware, and a passion to be the best,” according to Vish Mishra, President of TiE Silicon Valley and Venture Director at Clearstone Venture Partners. “We hold up these companies as role models for any enterprise, big or small, established or being incubated, which aspires to success in a dynamic and demanding marketplace.”

“This award is a tremendous recognition of the energy and passion that the entire Clearwell team brings to our company,” said Aaref Hilaly, President and CEO of Clearwell. “We’ve made a strong and focused effort to empower every employee to make a difference within the organization, and this entrepreneurial foundation has been instrumental in our success in the marketplace.”

Clearwell has received awards and accolades from many of the industry’s leading authorities including the Socha-Gelbmann E-Discovery Survey, International Legal Technology Association (ILTA), the Cowen Group, Law Technology News, Red Herring, SC Magazine, Network World, eWEEK and more. Clearwell also earned the highest ranking of “Strong Positive” in Gartner’s 2008 and 2009 E-Discovery MarketScope Reports. The company has received recognition in the Silicon Valley Business Journal, where Clearwell was ranked second in its category in the “2010 Best Places to Work in the Bay Area” and Clearwells chief financial officer Anup Singh was honored as the 2009 “CFO of the Year” among venture-backed companies.

About Clearwell Systems
Clearwell Systems is transforming the way enterprises and law firms perform electronic discovery (e-discovery) in response to litigation, regulatory inquiries, and internal investigations. The Clearwell E-Discovery Platform automates the processing, analysis, review, and production phases of e-discovery via a single, integrated product. Leading organizations such as Clear Channel, Constellation Energy, DLA Piper, Johnson & Johnson, Microsoft, Toyota, and the Department of Health and Human Services / Office of Inspector General are using Clearwell to accelerate early case assessments, intelligently cull-down data, increase reviewer productivity, and ensure the defensibility of their e-discovery process. Consistently ranked as a leader in independent e-discovery industry surveys and reports, Clearwell Systems is an active participant in the Electronic Discovery Reference Model (EDRM) Project and The Sedona Conference. For more information, visit www.clearwellsystems.com, follow us on Twitter at http://twitter.com/clearwell, or subscribe to the E-Discovery 2.0 blog at http://www.clearwellsystems.com/e-discovery-blog/.

About TiE
TiE is a global, not-for-profit, non-political, and non-religious organization dedicated to fostering entrepreneurs across its global network sponsored by top venture capital, legal and accounting firms and Fortune 500 corporations. TiE is spread across 55 chapters in 13 countries comprising 1,800 experienced entrepreneurs and business executives as charter members and 12,000 aspiring entrepreneurs and professionals as members.