FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that its FTI Technology practice has been included in the "Leaders" quadrant in Gartner's "Magic Quadrant for E-Discovery Software" report (Debra Logan and John Bace, May 13, 2011). Twenty-four software providers were evaluated in the report, the first Magic Quadrant published by Gartner on e-discovery software. A complimentary copy of the report is available at the FTI Technology site.
According to the report, "Gartner estimates that the world's enterprise e-discovery software market came to $889 million in 2009 in terms of total software vendor revenue. We forecast a five-year compound annual growth rate (CAGR) of approximately 14%, which means the total should reach $1.5 billion in 2013." Gartner also states that, "The market covered by this Magic Quadrant contains vendors of e-discovery software solutions for the processing, review, analysis and production of ESI in support of the common-law discovery process for litigation, regardless of delivery method."
Seth Rierson, senior managing director and FTI Technology practice leader said, "Our flexible mix of software, services and consulting helps clients confidently lower the total cost of discovery without imposing a 'one-size-fits-all' approach to the unique requirements of different cases. We believe that being recognized by Gartner as a leader in e-discovery software affirms this strategy and is a testament to the hard work and dedication of our global team."
Through its comprehensive portfolio of e-discovery software, services and consulting, FTI Technology is transforming the way organizations globally manage e-discovery for legal and regulatory events. Through offerings such as FTI Acuity, FTI Technology helps clients streamline the entire e-discovery process and provides a single point of e-discovery accountability. The comprehensive portfolio of FTI Technology software, including Attenex and Ringtail, delivers advanced technology for the most mission-critical and costly steps of e-discovery. FTI Technology's e-discovery software can be deployed either on-premise or on-demand as a hosted solution, a hybrid capability that helps clients scale to the unique demands of each legal matter without sacrificing a consistent and cost-effective e-discovery process. Altogether, FTI Technology provides a smart and comprehensive approach to improve the e-discovery process, contain costs without cutting corners and manage clients' critical enterprise information demands.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About FTI Consulting
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 3,700 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. The company generated $1.4 billion in revenues during fiscal year 2010. More information can be found at www.fticonsulting.com.