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Press Release Archive
Applied Discovery Enters 2002 Stronger Than Ever
February 4, 2002, Bellevue, WA—Applied Discovery, Inc., the leading developer of electronic discovery solutions, found fertile ground for growth and prosperity in 2001, and enters 2002 in a position of strength and stability. A series of decisive strategic actions made early last year propelled Applied Discovery through the end of year turbulence that left many other companies struggling. The company maintained focus on leveraging today's most advanced electronic discovery technology and providing the quality products and services that have become Applied Discovery's hallmark.
Applied Discovery is releasing growth, profitability and market position information for your review. Mark Kroese, VP Marketing, will be available at LegalTech, New York, February 4 through 6, 2002, (booth # 2125-2127) to further discuss this information and elaborate on company strategy and development for the coming year.
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As of this writing, Applied Discovery's clients include 6 of the 10 largest firms in the nation, nearly half of the top 25, and almost a quarter of the top 100. Applied Discovery prides itself on repeat business and retention of satisfied clients. The company has never lost a client—or an individual project—once a business relationship has been established.
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Applied Discovery exceeded its 2001 revenue projections, ending the year with its best month ever in December. They also had quarter over quarter revenue growth in excess of 20 percent for the year and attained profitability for the year in July, the fiscal year mid-way point.
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They just announced the opening of a newly established East Coast Headquarters office in midtown Manhattan. Services for all of the company's East Coast clients will originate from this location under the direction of Clay Stobaugh, Vice President, Managing Director. Their eastern regional sales representatives will also reside at the office on 57th Street.
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Applied Discovery implemented its plan for calculated growth throughout the year, doubling the size of its sales force and adding top technical professionals in key positions including research and development and information security.
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The company is one of three finalists for the Washington Software Alliance's Annual Industry Achievement Award for "Service Provider of the Year." This prestigious recognition is awarded to the company that regularly exceeds client expectations, demonstrating the most exemplary service through a strong use of technology to bring extraordinary quality, creativity and responsiveness to clients. The winner is to be announced at the annual Industry Achievement Awards Dinner on February 7, 2002, in Seattle.
This momentum will be sustained throughout the new year with unrelenting dedication to corporate and development initiatives for providing the legal industry with proven electronic discovery services, such as:
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Continuing to develop methods for leveraging the most advanced technology available to help attorneys gain a strategic advantage, reduce costs and save time.
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Partnering with top law firms and corporate legal departments to provide the knowledge and technology needed respond to any and all discovery requests in preparation for litigation or mergers and acquisitions.
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Sustaining the highest level of commitment to quality, ensuring that clients receive superior products and services.
Please visit www.applieddiscovery.com for more information and to view the unique, Web-based, 100 percent searchable electronic-to-electronic™ discovery solution that uses proven, patent-pending technology to display virtually any electronic file type in a common PDF format, without compromising the integrity of the file format.
About Applied Discovery, Inc.
Founded and managed by a team of highly experienced legal and technical professionals, Applied Discovery was formed in January 1999 to develop electronic discovery solutions for the legal industry. Its ASP offering converts electronic documents into fully searchable, and secure Web-based files without compromising the integrity of the file format. Applied Discovery is headquartered in Bellevue, Washington. The company can be contacted through its website (www.lexisnexis.com/applieddiscovery) or by phone at 877-613-3010.
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