Recently named by Gartner as a visionary in its Magic Quadrant for eDiscovery software, CommVault is modernising the way organisations manage their enterprise data to address the challenges of exponential information growth, eDiscovery and compliance.
According to Gartner's report: “Magic Quadrant for E-Discovery Software”, the eDiscovery software market is entering a phase of high growth. They forecast “a five-year compound annual growth rate (CAGR) of approximately 14%”, which means the total should reach $1.5 billion in 2013. Two factors are driving growth in the market.
The first is the continued growth in civil litigation, criminal prosecutions and regulatory oversight, which requires enterprises to provide documentation regarding their business activities, says Nick Wonfor, country manager at CommVault South Africa.
"The second is that, as enterprises adopt new technologies, associated electronic communications are becoming subject to preservation obligations and materials may be required for potential discovery," Wonfor continues.
Consequently, companies are realising increased costs associated with litigation, internal investigation and the storage requirements of the resulting information archives.
“We have the strategy and the vision to deliver significant value and operational efficiencies to our customers and further distinguish us from our competitors. With the release of Simpana 9 software, we have provided a more effective way to manage data that streamlines processes, minimises risks and ultimately improve the value of information.”
By bringing eDiscovery in-house with Simpana software, organisations can save money by reducing the amount they spend on lawyers and legal service providers for eDiscovery, while also managing, searching and recovering electronically stored information more efficiently. Within the first year of deploying Simpana software, customers have reported savings of up to 50% in overhead and data management costs.
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