FTI Consulting, Inc. Announces Continued Expansion of its Ringtail(R) Global Electronic Discovery Platform
New Technology Empowers Corporations and Law Firms to Quickly Index, Search and Cull Large Data sets at the Beginning of the Electronic Discovery Process
NEW YORK, Feb. 5 /PRNewswire-FirstCall/ -- LEGAL TECH 2008 -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced a series of significant enhancements to its Ringtail document review technology, most notably the addition of the Ringtail(R) QuickCull(R) module for early case assessment and pre-processing. The Company also announced a business and technology partnership with X1 Technologies, Inc., a leading provider of user-centric desktop and enterprise search solutions.
Ringtail QuickCull, electronic discovery software from FTI -- powered by X1 Search -- allows users to index, search and cull large data sets prior to processing and review which saves time at the beginning of a matter.
"With Ringtail QuickCull, FTI Consulting has developed a framework to alter two critical discovery factors: time and cost. The positioning of Ringtail QuickCull for collection, pre-processing, culling, triage review, and data export dramatically streamlines the most time and technology intensive facets of document collection and production without compromising integrity," said Joe Perkovich, associate at Dorsey & Whitney LLP. "Ringtail QuickCull is able to capture and index content faster than counsel can be expected to address it in most cases."
Faster and more efficient than outsourcing the initial review or relying on a set of multiple pre-processing technologies, Ringtail QuickCull offers search and review capabilities for comprehensive culling within hours of collection.
"Corporate IT departments and their legal counsel require technology that allow them to identify, preserve and collect electronically stored information within the corporate network, thereby reducing the expense of sending all information to outside processing vendors," said Vivian Tero, program manager, compliance infrastructure, IDC. "FTI's dedication to evolving the Ringtail product suite in this direction shows it is listening to and meeting the evolving needs of the marketplace."
Ringtail QuickCull is Unicode compliant for the acquisition and management of material in most languages and exports into most standard formats.
"FTI developed Ringtail QuickCull to help meet our clients' need to take charge of the initial phases of electronic discovery," said Cuong Do, senior managing director at FTI Consulting. "By claiming ownership of the process from the beginning, firms are able to carefully select the data reviewed by an outside vendor in advance -- thus potentially saving thousands of dollars per matter."
X1 Technologies Joins Expanding FTI Partner Network
FTI also announced today a partnership with X1 Technologies, producer of X1 Search, and a leading provider of desktop and enterprise search solutions.
"X1 has strong interoperability with critical business systems, especially messaging and email management systems, and provides a single, consistent interface for interacting with all enterprise data," said Cuong Do. FTI will now offer X1 Enterprise Search solutions as an important part of its end-to-end technology suite.
"Clients look to FTI for the best solutions for managing electronically stored information across the enterprise and we're honored they chose X1 as a partner and our products for inclusion within their suite of technology offerings," said John Waller, President of X1 Technologies. "Ringtail customers are required to manage millions of documents on a daily basis and X1 products are perfectly complimentary as they provide a secure, unified view of personal and IT managed content found throughout the enterprise."
Other Significant Ringtail Platform Enhancements
FTI also released other significant enhancements that expand the Ringtail On-Premise platform to meet the demands of end-users and administrators. Those enhancements include:
-- Ringtail Processing Framework(TM) -- providing a central point from which Ringtail administrators can manage heavy processing tasks that are distributed across multiple servers. Processing tasks include content indexing, data exchange and document processing. The Ringtail Processing Framework facilitates rapid system capacity and efficiency increases as case sizes, number of cases and number of users grow. -- Ringtail OCR-on-the-Fly(TM) -- offering an on-demand optical character recognition (OCR) feature for reviewers. The feature is massively scalable, and offers detailed reporting and status notifications for OCR tasks. -- Ringtail Data Exchange(TM) -- allowing users to rapidly import and export large document populations from the Ringtail user interface, boosting performance by as much as ten times. Significantly, the Ringtail Data Exchange will support the complete set of Ringtail metadata, greatly enhancing the migration of documents between Ringtail cases and integration with third party tools. -- Ringtail Analytics(TM) -- providing critical leverage for lawyers by producing detailed, defensible information about the content and structure of a document collection. This is essential information for early and accurate case assessment. Using a cube-based dashboard, Ringtail Analytics provides the ability to create statistical reports to "zoom" into document sets, thereby pinpointing relevant data faster, and to monitor the efficiency and effectiveness of document reviews. About the Ringtail(R) Platform
The Ringtail(R) platform from FTI Consulting, Inc., the global business advisory firm, delivers substantial time and cost savings to lawyers and investigators working on large, complex matters. The Web-based platform scales to handle hundreds of users, thousands of cases and millions of documents in over 200 languages. Available On-Premise and On-Demand, the Ringtail platform is used by the largest corporations, law firms, and government agencies in the world. For more information, please visit www.ftiringtail.com.
About FTI Consulting, Inc.
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 2,400 professionals located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
About X1 Technologies, Inc.
X1 Technologies, Inc., a recognized leader in desktop search solutions, was founded in 2003 to help business users easily find, preview and act upon information residing anywhere on the desktop or across the enterprise. X1 pioneered the concept of desktop search and has consistently developed innovative and award-winning technologies including fast-as-you-type searching, intuitive interface, saved searches, file and email previewing, and the ability to act on the found email or files. X1 Technologies is headquartered in Pasadena, California and is an operating company of Idealab. For more information, visit www.x1.com or call +1 626-229-3050.
FTI, FTI CONSULTING, RINGTAIL, and RINGTAIL QUICKCULL are registered trademarks of FTI Consulting, Inc.
Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks including statements related our future financial results. There can be no assurance that actual results will not differ from the company's expectations. The Company has experienced fluctuating revenues, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. As a result of these possible fluctuations, the Company's actual results may differ from our projections. Further, preliminary results are subject to normal year-end adjustments. Other factors that could cause such differences include the pace and timing of the consummation and integration of past and future acquisitions, the company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described under the heading "Item 1A. Risk Factors" in the Company's most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.
SOURCE FTI Consulting, Inc. -0- 02/05/2008 /CONTACT: Investors, Gordon McCoun, or Media, Jessy Adams, both for FTI Consulting, Inc., +1-212-850-5600; or Stephan West, firstname.lastname@example.org, or Teresa Bridwell, email@example.com, both of X1 Technologies, Inc., 1-866-918-3241/ /Web site: http://www.fticonsulting.com http://www.x1.com http://www.ftiringtail.com / (FCN) CO: FTI Consulting, Inc.; X1 Technologies ST: New York IN: STW NET FIN CPR SU: PDT CON RD-AA -- NYTU048 -- 9015 02/05/2008 07:30 EST http://www.prnewswire.com