An article by Mark Barrenechea, CEO and CTO of OpenText, with the heading OpenText Expands eDiscovery, Content Analytics, and Cloud with Recommind Acquisition marks the completion of OpenText’s acquisition of Recommind.
OpenText is already a leading provider of Enterprise Information Management (EIM) solutions, and Recommind’s software and expertise in content analytics and the cloud supplements OpenText’s ability to help its clients manage the flow of organisational information.
As one would expect from Recommind’s strong position in eDiscovery, Mark Barrenechea makes much of the opportunity which OpenText has to grow in the eDiscovery market.
That is itself a growing market, especially at the higher end in the US where, as Mark Barrenechea says, “eDiscovery is often considered as a cost of doing business”. Analytical tools, including predictive coding, are gaining court approval, and not just in the US – see Adam Kuhn’s article on the UK’s recent BCA Trading case, headed with Registrar Jones’ quotation “Predictive coding must be the way forward”.
What is implied here, and rightly, is that organisations are increasingly seeking to solve their eDiscovery problems as a general business practice, not merely as a reactive solution to a specific problem. There is, as Mark Barrenechea puts it, “a significant opportunity from an optimisation, cost, and efficiency perspective”.