Together the companies are positioned to take advantage of a growing market with their cloud-based, hosted solution. Worldwide cloud services revenue is on pace to surpass $56.3 billion in 2009, according to a Gartner report. The market is expected to reach $150.1 billion by 2013.
The solution offers an alternative to on-premise software deployments, providing a single portal view to better manage email, archiving, litigation hold, search, records declaration, retention and disposition, according to a company release. It enables users to conduct eDiscovery tasks directly from their desktops without a service-provider intermediary as well.
Vivian Tero, senior research analyst of compliance at research firm IDC, was quoted in the release to say that the core competencies of both companies will jointly address the growing demand for cloud-based services.
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