FTI and Endeca Partner to Deliver State of the Art Platform for Critical Information Management of Structured and Unstructured Data in e-Discovery
- Allows for Comprehensive Approach to Analyzing All Key Corporate Data - - Further Accelerates FTI's Push into Next Generation eDiscovery and Critical Information Management Application Rollout -
NEW YORK and CAMBRIDGE, Mass., June 10 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, and Endeca Technologies, Inc., an information access software company, today announced that they have entered into a strategic partnership to deliver Endeca's powerful information management solutions to FTI's clients for rapid review of an increasingly broad set of critical business data.
In today's complex and rapidly evolving legal and regulatory climate, a quick thorough and accurate response is essential to the success of an eDiscovery effort. Under the terms of the license agreement, FTI will deploy the Endeca Information Access Platform (IAP) to create new applications that allow for the search and discovery of financial information, transactional databases and other structured and unstructured electronically stored information (ESI). The technology, coupled with FTI's proprietary technology and deep experience in high stakes litigation, will offer clients the ability to rapidly gain a 360-degree view of all information relevant to litigation events, mergers and acquisitions, government investigations and other major events that affect enterprise value.
"A rapid response to an eDiscovery event often requires pulling together -- and sifting through -- terabytes of information that come from a variety of disparate and complex data sources," said David Remnitz, leader of FTI Consulting's Technology segment. "FTI's clients are increasingly asking for tools to help manage the discovery and analysis of the total set of corporate data. This not only includes the 30% of data which is 'traditional' unstructured data in the form of documents and email communications, but also the remaining 70% of data which is structured in the form of enterprise support and mission critical applications and has not generally been tapped in the eDiscovery process to date. Through our partnership with Endeca and the concurrent announcement of our acquisition of Attenex Corporation we are addressing this developing need and offering the dispute, regulatory and transactional markets a powerful, innovative and comprehensive information visibility solution."
"Although most electronic discovery technologies are focused on unstructured data such as email, structured data from databases such as HR and ERP systems are considered ESI and increasingly subject to review. Technologies which give a complete view of all ESI will provide users a distinct advantage," said George Socha, founder of the consulting and analyst firm, Socha Consulting, a leading authority on the eDiscovery industry.
Endeca-powered applications will be developed by FTI Technology segment's Research & Development team and offered as a Software-as-a-Service (SaaS) to FTI clients in the pharmaceutical sector and will be extended into other litigation-intensive industries such as financial services, retail, and manufacturing. FTI clients using these applications will be able to leverage intuitive search and navigation features to cross-check, browse, search, investigate, and report this information -- ensuring that all information relevant to a litigation, M&A or regulatory event has been compiled. As a result, clients will be armed with an unprecedented ability to rapidly make confident corporate and legal decisions -- a critical capability for meeting the tight deadlines typically imposed by a litigation, merger, investigation, or other enterprise level event.
"FTI has combined our technology with its unmatched expertise in eDiscovery to create a broader and more encompassing approach to information identification and analysis that is relevant to dynamic and critical corporate events," said Steve Papa, CEO of Endeca. "By collaborating with FTI, our team's efforts and joint client engagements will translate into a next generation of eDiscovery solutions."
Endeca is widely used both within organizations and on the worlds' most demanding websites to help workers, customers and partners inform daily decision making by presenting related information in context. For example:
-- Compliance intensive global financial services and pharmaceutical companies are using Endeca today to confidently respond to regulatory demands. -- Information intensive organizations such as 12 of the 18 agencies that make up the US intelligence community use Endeca to confidently discover insight from terabytes of human, image and signals intelligence, spanning unstructured media and content to web pages to structured intelligence databases. -- Supply chain intensive organizations in the automotive, aerospace, and high-tech manufacturing industries use Endeca to confidently achieve supply chain efficiencies through the unprecedented information visibility into all of their disparate enterprise information.
In combination with the company's recently announced acquisition of Attenex Corporation, a leading eDiscovery software provider, the Endeca partnership serves to accelerate the reach of FTI's Technology segment offerings behind the corporate firewall servicing fast moving information intensive analysis.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
Endeca's innovative information access software helps people explore, analyze, and understand complex information, guiding them to unexpected insights and better decisions. The Endeca Information Access Platform, built around a new class of access-optimized database, powers applications that combine the ease of searching and browsing with the analytical power of business intelligence. More than 500 leading global organizations including ABN AMRO, Boeing, Cox Enterprises, the (US) Defense Intelligence Agency, Dell, Ford Motor Company, Hyatt, IBM, John Deere, the Library of Congress, Texas Instruments, and Walmart.com rely on Endeca to power business-critical applications that increase revenue, reduce costs, and streamline operations.
Headquartered in Cambridge, Mass., Endeca has operations in North America, Europe, and Australia. For more information: endeca.com or firstname.lastname@example.org.
Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks. These forward-looking statements are based on expectations and are subject to uncertainties, including market acceptance and demand, economic conditions, rapid technological change, competition, pricing, new product introductions, and the prevalence of legal proceedings and regulatory investigations. Other factors that could affect the Company are described under the heading "Item 1A. Risk Factors" in the Company's most recent Form 10-K, Form 10-Q and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.
SOURCE FTI Consulting, Inc.
CONTACT: Jack Dunn, President & CEO, FTI Consulting, +1-410-951-4800; Investors: Gordon McCoun, or Media: Jessy Adams +1-212-850-5600, both of FD for FTI Consulting; Media: Craig VerColen, Endeca Technologies, Inc., +1-617-674-6190