This new vendor assessment [profiles] the leading providers in the worldwide standalone early case assessment (ECA) applications market.
Fairfax, VA (PRWEB) October 04, 2011
Venio Systems, the leading provider of first-pass review and early case assessment software, today announced it has been positioned as a “contender” by IDC in its new report, MarketScape: Worldwide Standalone Early Case Assessment Applications 2011 Vendor Analysis. The report studies standalone early case assessment (ECA) applications, which are frequently deployed as part of the ediscovery process.
This research is designed to assess each vendor’s success in the marketplace, using both quantitative and qualitative analysis. According to an IDC press release, “This new vendor assessment [profiles] the leading providers in the worldwide standalone early case assessment (ECA) applications market. The IDC MarketScape report utilizes a rigorous scoring methodology that produces a definitive assessment of each vendor's current market capabilities and strategies for competing in the future.”
The report estimated that the revenue for the market in 2010 is approximately $281 million and forecasts revenue of $400.8 million in 2011 and $857.0 million in 2015. “Early Case Assessment tools provide so much value to law firms and corporations, it only makes sense for the market to achieve the high growth curve the report predicts,” said Chris Jurkiewicz, Co-founder of Venio Systems. Early case assessment tools like Venio FPR reduce litigation costs by minimizing the amount of data required to be processed and reviewed, improve defensibility by adding a clearly defined process, and help legal teams set litigation strategy.
After only two years, Venio Systems has already established itself as one of the leading and fastest growing ECA providers, both in terms of sales and product features. Venio FPR is the only truly web-based option in the ECA landscape and is preferred by users for its clean and intuitive web interface, interactive dashboard and social networking tools. “We built Venio FPR to deliver all the major elements of a true ECA market-leading product: text search and analytics, seamless integration with third-party review platforms, and bulk tagging features,” added Jurkiewicz. “It is our strategy to continue to add functionality that improves ROI for our customers.”
Legal or IT professionals can gain a deeper understanding of Early Case Assessment by downloading two recent Venio White Papers, “The Early Case Assessment Value Proposition” and “Best Practices in Early Case Assessment,” which details the steps that professionals in law firms and corporate legal departments should take in order to implement an Early Case Assessment program. Both White Papers can be downloaded for free at http://www.veniosystems.com/?mod=page&act=list&type=s&id=35.
For more information about the IDC MarketScape: Worldwide Standalone Early Case Assessment Applications 2011 Vendor Analysis, or to purchase the report, please visit http://www.idc.com/getdoc.jsp?containerId=229928.
About Venio Systems
Venio Systems, based in Fairfax, Virginia, is a team of innovators and developers with 20 years of combined experience in providing e-Discovery solutions. Venio Systems was created to address the industry's lack of a true first-pass review and early case assessment application. Venio FPR™, is the first fully functional web-based ECA tool to provide law firms, corporations and government entities the ability to gain a comprehensive picture of their data set at the front-end, thereby saving precious time and money on the back-end. Venio Systems remains on the forefront of innovation to provide solutions anyone can use. For more information, visit http://www.veniosystems.com/.
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