CommVault and Clearwell to Deliver Complementary E-Discovery Capabilities.Combined Solutions Automate Discovery and Analysis Across All Electronically Stored Information OCEANPORT, N.J. & SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- CommVault[R] (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CVLT CVLT California Verbal Learning Test ) and Clearwell Systems, Inc., a leader in Intelligent E-Discovery, today announced that they are teaming up to jointly market the value proposition of the two companies' solutions for e-discovery, risk mitigation and compliance. CommVault and Clearwell will work together to deliver end-to-end e-discovery solutions to enterprise IT and legal departments utilizing the CommVault Simpana(TM) software suite and the Clearwell Intelligence Platform[R]. The newest version of CommVault Archive, one of five core modules that comprise the CommVault Simpana software suite, is a comprehensive archive solution for managing and retaining all electronically stored information (ESI (Edge Side Includes) A markup language for Web pages that enables elements of a Web page to be dynamically assembled in servers distributed throughout the Internet. ) including email, collaboration, file and Network Attached Storage (NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular ) data across online file systems, nearline archives and offline backup tapes from a single user interface. The Clearwell Intelligence Platform augments CommVault's already robust messaging and file archiving, classification, records preservation management and search capabilities with market-leading analysis and review. The combined solution can deliver significant cost savings by streamlining and automating archiving, discovery and analysis across the entire storage environment as part of a singular approach to data and information management. "Having access to all electronically stored information and not just email is critical to the successful outcome of any e-discovery response," said Mike Ivanov, senior director and head of CommVault's Archive Center of Excellence. "By working with Clearwell, we are enabling customers to fully unlock the potential of their corporate data. Our combined efforts acknowledge and promote this marriage of critical enterprise content with intelligence and e-discovery software, giving customers an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. that reduces the cost, duration and risk of e-discovery." The relationship includes a comprehensive go-to-market (GTM See Good-this-Month order. ) plan between CommVault and Clearwell. The relationship also incorporates many facets of joint marketing, including communications, lead generation and sales enablement Sales enablement at its core is maximizing the sales organization’s ability to communicate value and differentiation in clear, consistent and compelling ways. Or without quite as many buzzwords, it is... 1. ... . "By significantly reducing the risk, cost and time traditionally associated with e-discovery, our customers become the true beneficiaries of this collaboration," said Kamal Shah, vice president of marketing and product management at Clearwell Systems, which was recently ranked by corporate end users as a top "E-Discovery Software Provider" in the influential Socha-Gelbmann 2007 Electronic Discovery Survey. "The complementary nature of the Clearwell and CommVault solutions highlights how our technology can transform ESI including email data, preserved for compliance purposes, to intelligent information that can be easily and proactively analyzed within a flexible analytical store." In the U.S. court system, the onus of e-discovery took on new weight on Dec. 1, 2006, when amendments to the Federal Rules of Civil Procedure The Federal Rules of Civil Procedure (FRCP) are rules governing civil procedure in United States district (federal) courts, that is, court procedures for civil suits. The FRCP are promulgated by the United States Supreme Court pursuant to the Rules Enabling Act, and then approved (FRCP FRCP Fellow of the Royal College of Physicians. FRCP abbr. Fellow of the Royal College of Physicians ) took effect. A recent survey shows that, on average, U.S. companies face 3051 lawsuits at any one time translating into millions of dollars in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. costs. With each lawsuit comes the obligation for discovery - production of evidence for presentation to the other side in a legal dispute. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. research firm Gartner, spending on e-discovery software technologies is forecast to grow at more than 30 percent annually through 20102. Gartner currently estimates the worldwide e-discovery total software revenue to grow from $183.9M in 2005 to $847.2M in 2010.3 About Clearwell Systems Clearwell Systems, a leader in Intelligent E-Discovery, is transforming the way enterprises conduct e-discovery in response to litigation, regulatory inquiries, and corporate investigations. By automating the analysis and review of electronically stored information, Clearwell enables enterprises to reduce the cost, duration, and risk of e-discovery. Leading corporations, government agencies, and legal service providers have reduced e-discovery costs by as much as 80 percent within days of their deployments. For more information, visit www.clearwellsystems.com, or learn about E-Discovery 2.0 at clearwellsystems.blogspot.com. About CommVault[R] A singular vision - a belief in a better way to address current and future data management needs - guides CommVault in the development of Singular Information Management(TM) solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unprecedented control over data growth, costs and risk. CommVault's Simpana(TM) software suite of products was designed to work together seamlessly from the ground up, sharing a single code and common function set, to deliver superlative Data Protection, Archive, Replication, Search and Resource Management capabilities. More companies every day join those who have discovered the unparalleled efficiency, performance, reliability, and control only CommVault can offer. Information about CommVault is available at www.commvault.com. CommVault's corporate headquarters is located in Oceanport, New Jersey Oceanport is a Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 5,807. Oceanport was formed as a borough by an Act of the New Jersey Legislature on April 6, 1920, from portions of Eatontown Township (now , in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . (cvlt-pt) Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions and others. Statements regarding CommVault's beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from anticipated results. CommVault does not undertake to update its forward-looking statements. (c)1999-2007 CommVault Systems CommVault Systems Inc. (NASDAQ: CVLT) is a United States based company specializing in data and storage management software. Created in 1988 as a development group in AT&T's Bell Labs, the group produced AT&T's in-house backup software, Automatic Backup, Archive and Recovery , Inc. All rights reserved. CommVault, CommVault and logo, the "CV" logo, CommVault Systems, Solving Forward, SIM, Singular Information Management, Simpana, CommVault Galaxy, Unified Data Management, QiNetix, Quick Recovery, QR, GridStor, Vault Tracker, QuickSnap, QSnap, Recovery Director, CommServe, CommCell, and InnerVault are trademarks or registered trademarks of CommVault Systems, Inc. All other third party brands, products, service names, trademarks, or registered service marks are the property of and used to identify the products or services of their respective owners. All specifications are subject to change without notice. 1 Source: Fulbright & Jaworski LLP LLP - Lower Layer Protocol , "Third Annual Survey of Corporate Litigation Trends," October 2006, http://www.s-ox.com/News/detail.cfm?articleID=1998 2 Source: Gartner Group, "Dataquest Insight: Emerging E-Discovery Market Spurs New Content and Records Management Investments," October 2006 3 Source: Gartner Group, "Dataquest Insight: Emerging E-Discovery Market Spurs New Content and Records Management Investments," October 2006 |
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