Those of you who work in large corporations will hear this term more and more.
“eDiscovery” uses technologies that are constantly crawling all the computers on your company network and indexing all the documents, emails, databases, everything.
Think of it as Google for your company.
This gives those who manage your company the ability to search for anything.
- Who worked on that project three years ago?
- Did that person work for a particular supervisor during a certain time frame?
- What were the details of the contract negotiations and final agreement?
The ability to index all this stuff is a result of lawsuits (believe it or not). During these court procedures the person or persons suing your company has the ability to do what is called “discovery”.
So let’s say it is a '”wrongful termination” suite.
The lawyers representing the person suing has the right to ask for their employment agreement, all the employee reviews, emails between the person, their supervisor(s) and co-workers.
The ability to use the technologies used to pull all that information together quickly is called “eDiscovery”.
So all these large data companies are buying the technologies so they can sell the services of not only the software to do the searching, but the data storage stuff to. Or to reverse that, companies who use their data storage services will want to buy the eDiscovery software as an add-on product.
I’ve seen this consolidation first had.
Two years ago the number of eDiscovery vendors at the New York LegalTech were too numerous to count. Last year the consolidation of this space alone was a part of the reason the amount of space for all the vendor booths went from three floors to two.
Anyway, a link about one of the big software companies buying an eDiscovery company is below.
Symantec spends $390M for Clearwell, discovery - Storage Soup
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