(Source: Business Wire)

CommVault
(NASDAQ:CVLT):
News Facts
CommVault has released the results of its eDiscovery Readiness Survey,
which polled employees, including general counsels, associate general
counsels and other legal titles, at 42 enterprises nationwide. The
survey reinforces the growing trend among companies to assemble
cross-functional eDiscovery teams to speed the deployment of
standardized litigation response plans.
As more companies assemble these teams, CommVault has also launched a
new eDiscovery
and Compliance Resource Center in order to help meet customers'
evolving eDiscovery needs and to provide answers to questions about
eDiscovery and Compliance. The center provides legal teams with
guidelines and tips for gaining greater control over eDiscovery
business processes and, in combination with CommVault®
Simpana® software, provides a one-stop solution for eDiscovery.
Simpana software delivers comprehensive features that automate the
classification of data, determine data relevancy, improve the time to
complete early case assessments, optimize the document review process
and enable the automation of legal holds which help customers to
address risk and reduce costs associated with eDiscovery and
litigation response.
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Cross Functional eDiscovery Teams Ensure Companies Are Prepared For
eDiscovery and Litigation
The CommVault survey also underscores a continuing move to prepare for
the likelihood of a legal dispute, as 60 percent of the survey
respondents have assembled cross-functional eDiscovery teams
comprising stakeholders from legal, IT and other critical corporate
departments. The creation of dedicated teams today suggests a
significant shift in corporate thinking as to how to address
eDiscovery readiness. In a 2007
CommVault IT survey, only 14 percent of IT departments polled had
engaged their corporate legal departments on preparing to deal with
disputes involving eDiscovery as a result of Federal Rules of Civil
Procedure (FRCP) amendments. When taken together, these two surveys
can suggest that individuals from both IT and legal departments are
coming together to facilitate eDiscovery readiness planning.
CommVault's latest survey reveals a high utilization rate of
systematic litigation plans, frequently associated with legal
electronic health records (EHR), enterprise content and records
management, as well as eDiscovery. Of those polled, 60 percent have
formalized plans in place, which should help in preparing these
respondents to address the management of electronically stored
information (ESI) sources and document procedures for executing the
full range of litigation response, including eDiscovery. CommVault's
2007 study showed that from an IT perspective, only six percent of
respondents had implemented solutions to address the management of ESI.
Among other survey highlights: more than half of the respondents cited
that at least one quarter of their legal disputes require eDiscovery
and 25 percent of the respondents reported spending more than $500,000
a year on eDiscovery, including related information review and
outsourcing costs.