New capabilities connect distributed workforces with
information that streamlines legal discovery and investigations,
and supports data privacy compliance
WATERLOO, ON, March 8, 2022 /CNW/ -- OpenText™ (NASDAQ:
OTEX), (TSX: OTEX), a sponsor of Legalweek New York
2022 kicked off this year's program by showcasing advanced
capabilities in its legal technology portfolio. The innovations,
including OpenText™ Axcelerate™, empower modern work by simplifying
eDiscovery, legal and regulatory investigations, and data privacy
compliance review across a distributed enterprise.
"With today's growing cybersecurity risks and privacy
regulations, many organizations and law firms are in need of a
better way to support their distributed workforce," said
Sandy Ono, Executive Vice President
and CMO at OpenText. "From discovery to compliance, OpenText has a
portfolio of information management offerings to simplify how
companies proactively approach investigations and ensure quicker
responses. The fact is non-legal experts in an organization are the
ones that need to be equipped with foresight and easy ways to be
compliant. With technology, this can be better automated to
minimize risks and maximize efficiency."
New Innovations in Axcelerate™
OpenText™ Axcelerate™, which is part of the OpenText Content
Cloud, enhances the eDiscovery and investigation process
beginning-to-end with fully integrated capabilities from data
collection and processing to analysis, classification, review and
production. In recent Cloud Edition releases, Axcelerate™
introduced features to find and remediate sensitive data with
improved efficiency and cost-savings. The latest innovations
enhance these capabilities:
- Regular Expression (RegEx) Search Enrichment (or pattern
search) to detect and protect personal and confidential information
with auto-detection of PII, PCI and PHI, and pre-configured PII
pattern recognition.
- Enhanced chat review functionality that offers better ways to
review and understand business communications that go far beyond
email threads, including intuitive display of chat conversations,
ability to narrow chat volumes by date, and ability to preview chat
attachments.
"Time and cost efficiency is always sitting at the core of an
eDiscovery project," said Melina
Efstathiou, Head of Litigation Technology, Eversheds
Sutherland. "With its embedded analytics, machine learning and
automation, OpenText Axcelerate™ has helped us reduce time and cost
delays by more than 45 percent."
Continued Innovation
In the near future, customers will benefit from the integration
of OpenText™ Insight Predict with Axcelerate™. Insight Predict is a
technology-assisted (TAR) review tool based on continuous active
learning, which surfaces the most likely to be relevant documents
for review, substantially shortening review timelines and
associated costs. Insight Predict continuously learns what is
important to the matter and becomes smarter as review progresses.
Contextual diversity, a powerful integrated algorithm unique to
Insight Predict, eliminates the risk of missing relevant documents
by ensuring that no pockets of data are left unexplored.
Insight Predict recently introduced a new feature, best passage
highlighting, that provides unprecedented TAR transparency and
efficiency by highlighting the best passage in the document that
the algorithm has identified as likely to be relevant.
OpenText provides the legal and compliance community with a
diverse and broad range of solutions for enterprise-level
eDiscovery, investigations support, high-efficiency managed
document review, data collections and forensics, breach response
analysis and reporting, Subject Rights Requests (SRR) reviews,
including DSARs, and more.
Join us at Legalweek New York 2022, March 8-11.
About OpenText
OpenText, The Information Company™,
enables organizations to gain insight through market leading
information management solutions, powered by OpenText Cloud
Editions. For more information about OpenText (NASDAQ: OTEX, TSX:
OTEX) visit opentext.com.
Connect with us:
OpenText CEO Mark Barrenechea's blog
Twitter | LinkedIn
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 © 2022 OpenText. All Rights Reserved. Trademarks
owned by OpenText. One or more patents may cover this product(s).
For more information, please visit
https://www.opentext.com/patents.
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SOURCE Open Text Corporation