Australian Securities and Investments Commission Signs Three-Year Contract with Nuix for Electronic Investigation Software

Six-month pressure test found Nuix was the only technology that could index and search the large, complex data sets ASIC would investigate in future

SYDNEY--(BUSINESS WIRE)--Nuix, a worldwide provider of information management technologies, today announced it has extended its relationship with the Australian Securities and Investments Commission (ASIC) in a three-year agreement to supply eDiscovery and electronic investigation software. This multi-million-dollar contract will expand the Australian corporate regulator’s ability to investigate the largest and most complex data sets.

“Now they are planning a Westpoint-sized engagement every two days. This is a dramatic illustration of growth in data volumes and the number of corporate regulatory investigations ASIC undertakes.”

ASIC, a Nuix customer since 2005, began evaluating electronic investigation technologies in April 2011. The regulator recognised it would more frequently need to process much larger data sets in the future.

“In 2006 one of ASIC’s largest ever investigations was into the collapse of funds manager Westpoint,” said Eddie Sheehy, Chief Executive Officer of Nuix. “Now they are planning a Westpoint-sized engagement every two days. This is a dramatic illustration of growth in data volumes and the number of corporate regulatory investigations ASIC undertakes.

“Over six months of evaluation, ASIC confirmed that Nuix was exceptionally fast and thorough, even with the largest data sets,” said Sheehy.

The new agreement will give ASIC the ability to search Microsoft SharePoint databases and Symantec Enterprise Vault and EMC EmailXtender email archives, on top of the Microsoft Exchange and Lotus Notes email systems, forensic images, faxes and scanned documents they were already using Nuix to investigate.

“No one can match our scalability and comprehensiveness,” said Sheehy. “That’s why ASIC, the United States Securities and Exchange Commission and all major corporate regulators around the world use Nuix.”

About the Australian Securities and Investments Commission

The Australian Securities and Investments Commission (ASIC) is Australia’s corporate, markets and financial services regulator. It contributes to Australia’s economic wellbeing by ensuring Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers.

About Nuix

Nuix is a worldwide provider of information management technologies, including eDiscovery, electronic investigation and information governance software. Nuix solutions make it faster and easier to undertake investigations, no matter the size or complexity of the data sets.