Press Release
FTI Dominates Influential Socha-Gelbmann Survey, Rank FTI as a Leader in 23 eDiscovery Categories
FTI Continues eDiscovery Software Leadership Position with Top Five Placements for both Attenex® Patterns® and Ringtail®
SEATTLE – Aug. 1 – FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced its recognition as a top provider of electronic discovery software and services in 23 categories of the 2007 Socha-Gelbmann Survey. The Attenex and FTI eDiscovery software offerings, well-established among corporations, law firms and global legal service providers, garnered 15 of the 23 placements. This is the third consecutive year Attenex has been highly ranked by the Socha-Gelbmann Survey and the second for FTI, the developer of Ringtail eDiscovery software, which recently acquired Attenex. The combination of FTI and Attenex is among the first mergers of two leading software developers in the eDiscovery and compliance market. Additional statistics and findings from the Socha-Gelbmann survey will be available in the August edition of Law Technology News.
“We are extremely pleased to once again be recognized by leading Fortune 500 corporations and AmLaw 200 law firms as a top choice for eDiscovery software and services,” said David Remnitz, senior managing director and technology segment leader for FTI Technology. “The combined software products of FTI and Attenex, along with the unparalleled expertise of our consultants and global partner network, continue to set the standard for eDiscovery.”
Attenex Patterns and Ringtail both have a proven track record of dramatically reducing the cost and risk of eDiscovery for Fortune 500 corporations and their law firms. This success has led to recognition in 15 different software categories, including top five eDiscovery software providers, top five eDiscovery software providers for corporations, and top five eDiscovery software providers for law firms. Additionally, one or both of the FTI offerings was recognized as a top five software for processing, review, analysis and production of electronically stored information (ESI). FTI’s consulting group was recognized in eight categories, including as a top five eDiscovery service provider and a top service provider to corporations and law firms.
“The results of our 2008 survey show FTI’s solid position at the top of an elite cadre of companies offering eDiscovery technology products and services,” said George Socha, founder of Socha Consulting LLC. “Our rankings are based on a detailed, independent model containing more than 350 qualitative and quantitative factors applied to 107 different providers.”
A number of Attenex AdvantageTM Partners were also recognized as top service providers in the Socha-Gelbmann survey results. The survey results come on the heels of the annual Attenex Advantage Partner Conference in Seattle, in which more than a dozen partners were recognized for processing and/or reviewing as many as 10 terabytes of data from July 2007 to July 2008.
The annual Socha-Gelbmann Electronic Discovery Survey, developed by eDiscovery pioneers George Socha and Tom Gelbmann, provides the most comprehensive view into the emerging and rapidly expanding eDiscovery marketplace. The survey comprises data from 115 organizations on the forefront of eDiscovery, including leading law firms and Fortune 1000 inside counsel. For more information on the 2008 Socha-Gelbmann Electronic Discovery Survey, or to purchase a copy, please contact George Socha at www.sochaconsulting.com or Tom Gelbmann at http://www.gelbmann.biz/.
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.
Safe Harbor Statement
This press release may include "forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenues, future results and performance, expectations, plans or intentions relating to acquisitions and other matters, business trends and other information that is not historical, including statements regarding estimates of our future financial results. When used in this press release, words such as “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, estimates of our future financial results, are based upon our expectations at the time we make them and various assumptions. Our expectations, beliefs and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs and projections will result or be achieved or that actual results will not differ from expectations. The Company has experienced fluctuating revenue, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. Other factors that could cause such differences include the pace and timing of the consummation and integration of past and future acquisitions, the Company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described under the heading “Item 1A. Risk Factors” in the Company’s most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.
FTI, Ringtail, Attenex and Patterns are registered trademarks of FTI Consulting, Inc. or a subsidiary.
Any other trademarks are the property of their respective owners.