LexisNexis to License Technology from Content Analyst Company that Enables Predictive Coding
Concordance Evolution rollout in 2015 will include Technology Assisted Review capabilities
August 18, 2014 — NEW YORK - LexisNexis® Legal & Professional today announced an agreement with Content Analyst Company, developers of the award-winning Content Analyst Analytics Technology (CAAT) suite of text analytics technologies that reduce the time and expense of document review in electronic discovery. LexisNexis will license the CAAT advanced analytics engine to enable predictive coding, which will be built into the next release of Concordance® Evolution, the flagship enterprise discovery management software platform from LexisNexis.
CAAT is a widely used technology in the e-discovery industry for enabling predictive coding. Predictive coding provides the ability to automatically replicate human decisions to a large data set. As coding decisions are made, the technology combines its “knowledge” of the data with the input from the person, and applies those decisions to the entire data set in a fraction of the time and at a significantly higher rate of accuracy than a traditional linear review.
“As we continue to invest in Concordance Evolution, we've been monitoring predictive coding technology and testing its effectiveness," said Steve Ashbacher, vice president for Concordance at LexisNexis Litigation Tools & Professional Services. "We believe this technology has now evolved to the point that Technology Assisted Review is ready to deliver on its promise of greater accuracy, lower costs and an easier-to-use interface in the document review phase of e-discovery.”
Teams from LexisNexis and Content Analyst Company are working on technology integration. A new version of Concordance Evolution with built-in TAR functionality is on schedule to be launched in 2015.
Concordance Evolution is a next-generation enterprise review software product for electronic discovery and litigation document management. It handles e-discovery management for cases of any size and is specifically designed for large-scale, complex litigation.
Concordance Evolution helps law firms, government agencies, litigation service bureaus and application service providers reduce overall e-discovery costs and boost litigation workflow productivity while managing the largest and most complex cases. The software is available with a base license fee for the software application and a per-seat licensing fee; in addition to the fully installed version, Concordance Evolution is also available from LexisNexis as a hosted solution.
More information is available at http://www.lexisnexis.com/concordance-evolution/.
About LexisNexis® Legal & Professional
LexisNexis Legal & Professional is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 175 countries with 10,000 employees worldwide.
LexisNexis helps its clients gain increased control of their litigation workflow with flexible, integrated solutions for early data assessment, processing, review and seamless chain of custody. LexisNexis® Early DataAnalyzer, LAW PreDiscovery™, Concordance®, Concordance® Evolution, CaseMap®, TextMap® andSanction® are the only solutions on the market that work together for complete support of litigation management and can be offered in a hosted environment for the flexibility and support any case demands.
About Content Analyst Company
Content Analyst Company provides powerful and proven advanced analytics that exponentially reduce the time needed to discern relevant information from unstructured data. CAAT, the company's dynamic suite of text analytics technologies, delivers significant value wherever knowledge workers need to extract insights from large amounts of unstructured data. For more information, visit www.contentanalyst.com.
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