Epiq Systems Survey Finds Managing Audio Data a Key Challenge for Majority of Corporations

company logo

LONDON, March 4, 2014 (GLOBE NEWSWIRE) -- Epiq Systems, Inc. (Nasdaq:EPIQ), a leading provider of managed technology for the global legal profession, today announced that managing audio data is a 'key challenge' for more than a third of major corporations across Europe according to a survey* conducted by Epiq. More than two-thirds of the survey respondents also recognise the need to improve processes to deal with audio admissibility.

Epiq surveyed senior-level decision-makers within leading blue-chip businesses across four European territories – the U.K., Germany, Switzerland, and the Netherlands – to identify broad eDisclosure and document review trends within the corporate sector. The survey results show that the relatively new challenges presented by audio admissibility are yet to be comprehensively addressed by the majority of leading corporates. Select findings included:

  • 38 per cent of respondents identified the management of audio data as a 'key challenge'
  • 69 per cent recognise 'the need to improve processes to deal with audio admissibility'

"The variety of devices on which conversations can be recorded today makes the retrieval of audio evidence increasingly complex," said Martin Bonney, Director, Consulting Services, Europe/Asia, Epiq Systems. "The traditional method of review where a person listens to many hours of conversation isn't scalable. Audio review technologies bring intelligent automation to the process, and decision-makers are recognising the need to understand more about this technology."

Further findings from the survey will be released throughout 2014.

Epiq has published a white paper titled 'Audio Evidence Review' which discusses the issue of audio admissibility in more depth. Click here for your free copy: http://www.epiqsystems.co.uk/uploadedFiles/Audio_Evidence.pdf

*Methodology

Survey conducted by telephone in November 2013, targeting 100 respondents from large blue-chip companies (defined as having more than $500M annual revenues) in the U.K., Germany, the Netherlands and Switzerland. Large European organisations in manufacturing and construction; retail; financial services; utilities; pharmaceuticals; professional services and IT/telecoms took part. Respondents included the CFO/Finance Director, Head of Compliance/Compliance Director or the Head of Legal/Legal Director/Head of Counsel.

About Epiq Systems

Epiq Systems is a leading global provider of technology-enabled solutions for electronic discovery, bankruptcy and class action administration. We offer full-service capabilities to support litigation, investigations, financial transactions, regulatory compliance and other legal matters. Our innovative technology and services, combined with deep subject-matter expertise, provide reliable solutions for the professionals we serve. Visit us online at www.epiqsystems.com.

CONTACT: For more information Lew Schroeber, Investor Relations Telephone: 913-621-9500 Email: ir@epiqsystems.com

Source:Epiq Systems, Inc.