Siemens Corporation, the U.S. subsidiary of German multinational provider of electronics and electrical engineering Siemens AG, is tapping Recommind and Exterro to build up the company's in-house electronic data discovery.
Siemens selection of both Exterro's and Recommind's technologies avoids what Craig Carpenter, vice president of marketing at Recommind, calls the "Frankenstack approach" -- piling up "a completely unmanageable complexity and number of solutions and vendors" -- since the products "seamlessly integrate," according to both vendors.
Industry watchers see the deal as symptomatic of overall trends in enterprise e-discovery. Katey Wood, an analyst with Enterprise Strategy Group, views Siemens considerable e-discovery investment as gearing up for potential regulatory inquiries, noting a survey that finds companies like Siemens with over $1 billion in revenue "driving e-discovery readiness harder internally." David Horrigan, an analyst with 451 Research, notes another trend: "the movement of e-discovery from law firms to corporate clients themselves."
Read my full report: "Siemens Turns to Exterro, Recommind to Build Up Its In-House E-Discovery."
Image courtesy of Siemens