SUNNYVALE, Calif., June 08, 2016 (GLOBE NEWSWIRE) -- Proofpoint, Inc., (NASDAQ:PFPT), a leading next-generation cybersecurity and compliance company, today announced an eDiscovery Analytics platform to help organizations quickly find, identify and review documents to meet regulatory and legal requirements. Proofpoint eDiscovery Analytics™ will provide powerful search, rich data visualizations and predictive coding capabilities to strengthen the company’s offering across the Electronic Discovery Reference Model.
“eDiscovery review can cost an average of $5 million per year1 if information is inefficiently managed,” said Darren Lee, senior vice president of Archiving and Governance for Proofpoint. “Costs climb due to a lack of information management combined with an exponential increase in data from a variety of sources, time spent searching for relevant content and required legal review. Proofpoint eDiscovery Analytics™ empowers legal teams to conduct first pass reviews in-house, reducing the result sets exported to a third party to save significant costs.”
Integrated with Proofpoint Enterprise Archive™, Proofpoint eDiscovery Analytics™ will provide comprehensive collection, review and export capabilities from a single platform. Built with an architecture explicitly designed to leverage the cloud, Proofpoint Enterprise Archive preserves, discovers and supervises business critical information. Customers are offered guaranteed search performance, unmatched customer satisfaction and the industry’s most sophisticated encryption for complete legal and compliance control.
New Proofpoint eDiscovery Analytics functionality includes:
- Advanced Search: New concept search identifies documents based on context, returning results commonly missed with standard keyword searches. Big data techniques returns results in seconds regardless of data volume.
- Data Visualizations: Organizations can more easily identify key custodians, track the path of discussions and view a timeline detailing when communications took place. Administrators can also quickly identify relevant patterns in the document set, including possible outliers.
- Streamlined Review: Document tagging and conversation threading optimize the review process, while predictive coding leverages machine learning to increase accuracy and cut legal review costs.
The Proofpoint eDiscovery Analytics platform is expected to be available in late 2016. For more information on the Proofpoint eDiscovery Analytics™, please visit www.proofpoint.com/archive
About Proofpoint, Inc.
Proofpoint Inc. (NASDAQ:PFPT) is a leading next-generation security and compliance company that provides cloud-based solutions to protect the way people work today. Proofpoint solutions enable organizations to protect their users from advanced attacks delivered via email, social media and mobile apps, protect the information their users create from advanced attacks and compliance risks, and respond quickly when incidents occur. More information is available at www.proofpoint.com.
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements regarding future offerings and solutions and the features of such offerings and solutions. It is possible that future circumstances might differ from the assumptions on which such statements are based. Important factors that could cause results to differ materially from the statements herein include: technical challenges in implementing future offerings and solutions in a timely fashion; changes in strategy; unforeseen delays in developing new technologies and the uncertain market acceptance of new products or features; and the other risk factors set forth from time to time in our filings with the SEC, including our Quarterly Report on Form 10-Q for the three months ending March 31, 2016, and the other reports we file with the SEC, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from our investor relations department. All forward-looking statements herein reflect our opinions only as of the date of this release, and Proofpoint undertakes no obligation, and expressly disclaims any obligation, to update forward-looking statements herein in light of new information or future events.
Proofpoint, Proofpoint Enterprise Archive and Proofpoint eDiscovery Analytics are trademarks and/or registered trademarks of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks contained herein are the property of their respective owners.
1 Osterman Research: The ROI of Information Governance
Media Contact: Roger Knott Proofpoint, Inc. 408-850-4110 firstname.lastname@example.org