GLOBAL REINSURANCE GIANT Swiss Re SELECTS Recommind’s AXCELERATE EDISCOVERY SOFTWARE
SAN FRANCISCO and BONN, GERMANY — September 5, 2012 — Recommind, the leader in predictive information management and analysis software, today announced that Swiss Re has deployed its Axcelerate Review & Analysis solution in-house to add to Swiss Re’s efficient and strategic approach to eDiscovery and information governance.
The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer with more than 60 offices in Europe, the United States, Asia and Africa. Swiss Re will use Axcelerate Review & Analysis to enhance its sophisticated early case assessment (ECA), culling and first-pass review of documents as part of litigation, arbitration and regulatory investigations where this is possible and appropriate.
“Axcelerate Review & Analysis is a truly remarkable eDiscovery solution,” said Christian Zeunert, Head of eDiscovery Management at Swiss Re. “Our first experience with Axcelerate eDiscovery has been very positive and promising. The Recommind team is extremely focused and customer oriented, which has contributed greatly to the success of this project. Most importantly, Recommind shares Swiss Re’s vision of addressing multiple enterprise information management, governance and eDiscovery challenges with a single extensible platform like CORE®. As a first step toward this vision, the deployment of Axcelerate has helped us to further lower our costs.”
“Swiss Re approaches unstructured information management in a forward-looking way: holistically, so that short-term tactical needs are addressed, but with an eye to addressing longer-term data integration and the analysis of unstructured information throughout the entire business,” said Bob Tennant, CEO of Recommind. “Companies like Swiss Re need to analyze more data in less time than ever before, and without Recommind’s advanced platform for machine-learning and analytics, they find it’s hard to keep up. Swiss Re is among a rapidly growing number of large enterprises enjoying an immediate benefit from using Recommind’s CORE platform as the basis for numerous unstructured information applications.”
Axcelerate Review & Analysis uses machine-learning technology to enable fast, accurate review of small and large document collections, including more than 300 file types such as email, Microsoft Office files, and Adobe PDFs. Built on Recommind’s patented CORE machine-learning platform, Axcelerate could also be used to automatically pinpoint the most important documents from the very outset of the analysis and review process, identifying key documents, people, phrases and concepts of interest.
About Swiss Re
The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk taking upon which enterprise and progress in society depend. Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of over 60 offices globally and is rated “AA-” by Standard & Poor’s, “A1” by Moody’s and “A+” by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed on the SIX Swiss Exchange and trade under the symbol SREN. For more information about Swiss Re Group, please visit: www.swissre.com or Twitter @SwissRe.
Recommind is the leader in predictive information management software, delivering search-powered business applications that transform the way enterprises, government entities and law firms conduct eDiscovery, enterprise search, and information governance. Recommind’s solutions are all built on the CORE (Context Optimized Relevancy Engine) platform, which automatically accesses, organizes and analyzes large volumes of information in context from myriad sources. With greater control over and more accurate access to information, organizations can lower risk, heighten productivity, increase the value of information assets and improve competitiveness and profitability. Recommind customers include AstraZeneca, BMW, Clifford Chance, Cisco, Marathon Oil, Morgan Lewis, US Department of Energy (DOE), White & Case and Wilmer Hale. Recommind is headquartered in San Francisco and has offices in Boston, London and Bonn, Germany. For more information, e-mail [email protected] or go to www.recommind.com.