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Caseopea

Caseopea. The Future of Content Search & Discovery. The Arena. “ Discovery ” - the pre-trial phase in which each party can request and subpoena documents and other evidence from other parties

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Caseopea

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  1. Caseopea The Future of Content Search & Discovery

  2. The Arena “Discovery” - the pre-trial phase in which each party can request and subpoena documents and other evidence from other parties e-Discovery – Discovery of documents in electronic form - ESI (Electronically Stored Information) e-Discovery was officially enforced fall 2006 through several amendments to Federal Rules of Civil Procedures (FCRP - 2006)

  3. The Scene Searching, reviewing and analyzing admissible content Content subjected to Discovery is growing in volume and complexity • Millions of documents - mainly emails • Hundreds of gigabytes - terabytes of data • Diverse sources and forms: documents, memos, email, chats, spreadsheets, databases, web pages • Dispersed context – need to analyze multiple documents in a shared and unfolding context. • Highly casual and temporal media (emails, chats)

  4. The Pain The process of producing admissible material has become intractable • Sky-rocketing costs (An average commercial case can cost $10-20 million) • Significant fear factor – extreme costs of errors. Low accuracy = high risk (Courts can be very unforgiving, imposing fines of $10s of millions) • Prolonged disruptive processes (3-6 Months of major disruption to daily operations) • Enterprises are forced to settle unfavorably just to avoid costs Automation is the only practical solution

  5. The Market A lucrative and fast growing market • $12 billionOverall Expenditureon e-Discovery litigation support in 2007 up 23% from $9.7 billion in 2006. Expected growth well over 20% for the next 2-3 years (IDC) • $3 billion Spent on Software & Servicesin2007(Socha-Gelbmann). Estimated to exceed$4 billion in 2009. Forrester predicts$4.8 billion by 2011 • $10-15 million – Average costofReview & Analysisin commercial cases. • $10 millionper case– Charged on average by e-Discovery outsourcing service providers. Automatic clustering tools charge $10,000-$30,000 per gigabyte of scanned data • $250,000minimum tag price for enterprise tools licenses – pricing climbs to over $millionfor top market platforms.

  6. Caseopea Analyzer The Opportunity The e-Discovery value chain Submission Document Management System Collection and Identification Pre processing Review and analysis Production Volume 50GB500K Pages 15GB1/2 Mil Pages 2TB 1,000,.. TB (Hosting Selection) $50,000 for ½ Year Cost $15,000 $6-8 Million

  7. The Opportunity Review & Analysis accounts for 80%-90% of e-Discovery cost Better automation can save 60%-80% of cost - average saving of $3-5 millions per case e-Discovery is considered as the forefront of enterprise mail search - a market that is growing at even a greater pace.

  8. Current Solutions • Army of reviewers – expensive, slow, error prone A vast coordination problem: a highly iterative, repetitive process requiring continuous sharing of discovered facts • Existing search tools (keywords, boolean operators) provide limited support (“Stocks AND (Shares OR Options) AND (NOT OR Warrants … ?#!#!$& ..”)Current filtering techniques still generate around 70% of irrelevant content • Existing analysis tools (clustering, classification), leave too much for manual analysis Complex visual maps of repeating textual patterns provide little insight into real content There is a dire need for a better solution

  9. The Meaning Beyond the Words Searching an email collection for: “Staff warning about dubious financial loans” Caseopea will find: email X: …We argued with Paul about extending Sprouts Corps credit, Liz expressed her reservations email Y: … Sprouts request for another grace period got me really worried email Z: … Accounting are concerned about Sprouts ability to pay back its creditors. Caseopea will filter out: • email X: …I lent Mary my laptop • email Z: …I wished she would listen to my warnings about taking the office holiday loan

  10. Caseopea Capturing the meaning beyond words • Dramatically reduces e-Discovery costs • Facilitates effective knowledge and sharing • Significantly speeds up the e-Discovery process • Minimizes errors • Facilitates effective exploration / investigation of opponent’s material

  11. Caseopea A functional drilldown • Truly comprehends text - Combines linguistics, semantics, and “common sense”. • Analyzes documents progressively - from start to end (much like humans do)Analyzes content across multiple passages and documents • Understands free language queries (including full passages) • Extracts events and facts • Incorporates meta data (time,location, identity) into content analysis • Supports fully federated search & analysis for expert users (workflows, rules, logic, history) • Easily customizable (easy expansion with case-specific knowledge)

  12. Market Landscape [Competitors][Competitors and Potential Partners] [Potential Partners] Review platforms are geared towards production of discovery material, Analyzing your opponent’s material is even harder !

  13. Competitive Advantage

  14. Business Model On Site - Search, Review and Analysis platform (site license) • Add-on to document management systems • Search (Guided, Unguided) • Extraction / Tagging • Monitoring • Evidence discovery in responsive content • Services (Consulting, Integration) SAAS (pay per case / volume) • Independent Review & Analysis service • Co-operation with established outsourcing service providers – revenue sharing • Support for currently uncovered market niche, review & analysis of opponent’s EDD material (suing parties)

  15. Recent Acquisitions Technology providers are hot targets for M&A • July 2007 Autonomy acquired Zantaz for $375 million. • November 2007IronMountainacquiredStratify for$158 million. • December 2007SeagateacquiredMetaLincsfor$80 million. • June 2008FTI Consulting acquiredAttenexfor$90 million. • July 2008 InterwovenacquiredDiscovery Mining inc for$60 million. • August 2008Edmond Scientific Co (ESC) acquiredAccess Litigations foran undisclosed amount (estimated at $50-60 million).

  16. Strategic Evolution Semantic Web Search(TTM – 3-4 years) Generic email Search (Enterprise and Consumers)(TTM – 2-3 years) e-Discovery(TTM - 1 year)

  17. Caseopea Taming e-Discovery Thanks for your time

  18. Market Size Extracted from the 2008 Socha-Gelbmann Survey

  19. Market Size Software & Services revenues

  20. A Typical Showcase (Courtesy of a leading Review & Analysis tools vendor) • 100 Gigabyte data - 1.5 millions documents • Attorney review capacity (unassisted) 10-30 documents p/h, rate per hour $200 • Hours needed for review 50,000 – total cost $10 million • Conventional review and analysis tools reduce time and costs by 20% - saving $2 million. Saving achieved through basic filtering and customized review tools (reducing the number of documents for review and facilitating a more convenient manual review) • Current filtering technology still leaves reviewers with an average of 70% irrelevant data. • Higher and better automationcan achieve 60%-80% saving (achieved through intelligent search, deep culling and case-base content extraction)

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