/24-7PressRelease/ - PORTLAND, OR, January 26, 2007 - Commenting on the recent investor funding, Exterro CEO Bobby Balachandran noted, "according to a Gartner study, three-quarters of all global companies will be involved in regulatory or legal action that requires a systematic approach to legal discovery. It's no surprise then that both law firms and corporate legal departments are seeking to take greater control of discovery and litigation support processes. This need holds out tremendous opportunity for technology companies that can help legal professionals better manage these processes. Our recent funding demonstrates investor recognition that Exterro can help law firms and their corporate clients effectively manage the discovery and litigation support process."
Exterro is led by an executive team with more than 70 years of industry experience, most notably in the successful development of litigation management systems. By leveraging Exterro's technology, legal professionals can at last efficiently automate, monitor and track discovery processes, collaboration, project costs, schedules and vendor performance.
According to Robert L. Carey, Chair of the Labor & Employment Practice Group, Tonkon Torp, LLP, "Exterro has created the legal industry's first fully integrated Discovery Management Platform that speaks to the needs of corporations in litigation. It is focused on the need to control the rapid growth of discovery, particularly with the changes to the Federal Rules of Civil Procedure as relates to the handling of electronically stored information. Exterro's ability to manage discovery risks using it's Collaboration, Automation & Integration of legal teams is 'game changing technology."
A 2006 Fulbright Study revealed that the average litigation expenditure for those companies surveyed is $12 million. For many companies, the cost associated with litigation is considerably higher. Exterro is bringing its technologies to market just as efficiencies in the litigation process are needed most, particularly with the impact of the amendments to the Federal Rules of Civil Procedure.
http://www.exterro.com
About Exterro
Exterro is a leading provider of litigation support and discovery management technology to the legal industry. Exterro's technology offerings help legal teams control discovery processes and costs by tightening collaboration between outside counsel, in-house legal teams, service providers and consulting firms. Headquartered in Portland, Ore., the company operates in four additional locations, including Chicago, Dallas, San Francisco and Coimbatore, India with plans to open a New York office by the end of Q1Y07. Find out more about Exterro and its industry-changing technologies at http://www.exterro.com.
Press Contact:
Valerie Chan
206.856.7885
valerie@exterro.com
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