FTI Consulting Receives Highest Rating in Leading Analyst Firm’s E-discovery MarketScope Report
Among 20 E-discovery Vendors, FTI is Recognized with “Strong Positive” Rating
WEST PALM BEACH, FL January 13, 2009 - FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that its technology practice has been named a “strong positive” vendor in Gartner Research’s "MarketScope for E-discovery Software Product Vendors, 2008" report (Debra Logan, John Bace, and Whit Andrews, December 17, 2008). “Strong positive” is the highest rating given in the report, and signifies that FTI’s Technology business is viewed as a leading provider of strategic products, services or solutions. According to the report, "Spending on e-discovery software technologies and services offerings is forecast to grow by between 25% and 35% annually through 2012." The report also states that companies can continue to engage for technology services from FTI Consulting with confidence.
“FTI Technology focuses on giving corporate clients choice and control. Whether bringing best-in-class software in-house, or providing it as a hosted service, FTI offers companies the options to best meet their immediate and long-term needs,” said David Remnitz, senior managing director and practice leader of FTI’s Technology segment. “We believe Gartner’s ‘strong positive’ rating validates our approach to e-discovery and the ability of our software to deliver real results. We’re honored to be recognized in this influential report.”
According to the report, “to be included in this MarketScope, a vendor must meet the following criteria:
- Have software product that can be licensed for implementation and use inside a company's firewall.
- Cover at least three of the functional areas of the Electronic Discovery Reference Model (EDRM).
- Have e-discovery-related product and maintenance revenue equal to or greater than $10 million.”
After meeting the above criteria, vendors were rated according to the following criteria: “business model, customer experience, market understanding, sales execution and pricing, offering (product) strategy, the product or service offering, and sales strategy.”
FTI Technology provides a full range of e-discovery software, consulting and other services that help clients achieve the best possible results to meet legal and regulatory best practices and requirements, without disrupting their core businesses. Companies and their law firms have used FTI’s Attenex® Patterns® and Ringtail® Legal™ branded software solutions either in-house or hosted through a service provider to help reduce, review and produce data in a fast and cost-effective manner. FTI Technology also offers expert consulting and other services to help implement repeatable processes and scale for any legal or regulatory matter.
The MarketScope is copyrighted December 2008 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
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