OpenText Will Showcase Next-Generation Early Case Assessment During Legalweek(year) 2021

Rhea-AI Summary

OpenText, a leader in information management, will showcase its new Axcelerate Investigation platform during Legalweek 2021. This tool simplifies early case assessment (ECA) by integrating data collection, processing, and analytics in one solution, effectively reducing eDiscovery costs. Key features include visual analytics, predictive searching, and automated summaries. The launch aims to help legal teams make quicker, data-driven decisions amidst increasing data volumes and stringent deadlines. The platform is positioned as a competitive advantage for organizations managing complex litigation.

Positive

• Launch of Axcelerate Investigation enhances efficiency in early case assessment.
• Integration of collection, processing, and analytics in one solution reduces eDiscovery costs.
• Features like visual analytics and predictive searching improve data insights.

Negative

• None.

OpenText Axcelerate Investigation helps unlock rapid, data-driven decision making for ECA and investigations

WATERLOO, Ontario, Jan. 28, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), will highlight the recently launched OpenText™ Axcelerate™ Investigation platform during Legalweek(year) 2021. Launched as part of OpenText Cloud Edition 20.4, Axcelerate Investigation expedites early case assessment (ECA) and investigations, helping to improve efficiency and reduce costs by providing rapid access to the facts.

Typical ECA tools collect, process and cull data. For analysis, legal teams must transfer the data to an eDiscovery platform for a full review, use standalone analytics, or both. Axcelerate Investigation helps eliminate potentially error-prone data transfers, time-consuming and costly document reviews and multiple point solutions by combining robust collection, processing and culling with powerful front-ended analytics in a single solution. When full review and production is needed in a case, all data and work product can be seamlessly and automatically uploaded directly from Axcelerate Investigation to Axcelerate Review & Analysis OnDemand in the cloud.

Purpose-built to quickly find the facts, Axcelerate Investigation features:

• Visual analytics, including Hypergraph Communications Map, which helps make complex information easier to understand and uncover relevant data with greater speed and precision.
• Predictive searching and filtering—technology-assisted review on the fly without the workflow—which aids in delivery of rapid insights and identifies unknown unknowns.
• Concept, phrase and sentiment analysis, automated summaries and entity extraction for a faster and deeper understanding of data
• Analytics to identify sensitive, confidential and privileged data

"Getting to the facts quickly is a competitive advantage for legal teams in today's environment of stretched resources, growing data volumes and stringent deadlines. Efficiently assessing data to find the facts is mitigates risk and saves downstream eDiscovery costs," said Muhi Majzoub, Chief Product Officer at OpenText. "With Axcelerate, legal teams can quickly investigate data sets of any size in order to find facts, assess risks, conduct early case assessment and make strategic case decisions."

"At Switch, data matters. Axcelerate advanced investigative and analytics capabilities allow us to preserve the stringent Tier 5 Platinum® security standards we have set for our e-discovery data, at less than half the cost," said Sam Castor, EVP, Policy and Deputy General Counsel, Switch. "OpenText's Axcelerate platform is the best tool available for dealing with complex litigation and mountains of e-discovery data."  

The launch of OpenText™ Axcelerate Investigation comes as the legal community will gather together during Legalweek(year), held virtually beginning February 2 - 4, 2021. Legalweek(year) brings together thousands of legal professions for a series of events on emerging trends, cutting edge legal technology and expert analysis of the tectonic shifts in the industry.  

OpenText is leading an educational track at Legalweek(year) on February 2: "When an Investigation Hits: Strategies for Effective and Rapid Resolution When Your Team is Remote," and will be showcasing Axcelerate Investigation at the OpenText virtual booth on February 4, 2:30-3:30 p.m. EST and in private virtual meetings.

To book a meeting, visit: https://www.opentext.com/info/legalweek. For more information on OpenText Legal Tech solutions, visit: www.opentext.com/discovery.

About OpenText 
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.

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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

Copyright © 2021 Open Text. All Rights Reserved. Trademarks owned by Open Text.  One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.

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FAQ

What is the Axcelerate Investigation platform by OpenText?

Axcelerate Investigation is a tool that streamlines early case assessment by combining data collection, processing, and analytics into one platform.

When was the Axcelerate Investigation launched?

The Axcelerate Investigation platform was launched on January 28, 2021.

How does Axcelerate Investigation help reduce costs?

It reduces costs by eliminating time-consuming data transfers and costly document reviews through integrated analytics.

What are the key features of Axcelerate Investigation?

Key features include visual analytics, predictive searching, and automated summaries for efficient data assessment.

Where can I learn more about OpenText's legal solutions?

More information about OpenText's legal tech solutions can be found on their website at opentext.com/discovery.