AUSTIN, Texas--(BUSINESS WIRE)--RenewData, a full-service eDiscovery provider that offers the industry’s most advanced spectrum of review acceleration solutions, today announced a 40 percent year-over-year growth in Language-Based Analytics revenue through three quarters in 2013. Strong demand for the Language-Based Analytics offerings has also led to a 75 percent year-over-year increase in the number of projects from 2012 to 2013.
“Clearly, corporate legal departments and law firms are opting for the transparency and cost savings afforded by Language-Based Analytics that predictive coding cannot fully provide,” stated Jim Blayney, CEO of RenewData. “We anticipate continued growth for our Language-Based Analytics and eDiscovery offerings and are doubling our hosting and processing capacity to meet the demand.”
The company has also added new employees to its development, project management and analytics consulting teams to support the increased demand for its Language-Based Analytics and eDiscovery offerings.
In August, the company launched a first-of-its-kind guarantee for Language-Based Analytics Review. When a legal organization uses the RenewData Language-Based Analytics workflow and tools along with RenewData’s librarians and consultants to help with processing and first-pass review, RenewData will typically guarantee that the organization will not have to review more than 20 percent of the text documents that remain after deduplication and metadata filtering. If, after completing the first-pass review, it is determined that the organization reviewed more than the guaranteed percent of the collection, RenewData will reimburse it the Language-Based Analytics hourly and technology fees plus an additional 10 percent.
About RenewData
RenewData is a full-service eDiscovery provider that helps corporations and law firms achieve significant time and cost savings, attain a high level of defensibility and reliability, and easily manage multiple projects for legal, regulatory and investigative matters. The company has a deep history building and applying advanced technology for eDiscovery, and has a particular expertise in review acceleration, delivering the industry’s broadest spectrum of solutions to expedite analysis of large collections of data. Of particular note, RenewData’s Language-Based Analytics offerings uniquely accelerate review without relying on artificial intelligence, delivering dramatic savings with a high level of knowledge extraction as well as transparency and insight into reviewer decisions. For more information, visit www.renewdata.com, or call 888.811.3789.
