The Securities and Exchange Commission has chosen Casepoint for a multistep evaluation process to reduce costs, improve access to analytical tools and drive greater workflow efficiencies for the agency’s cloud-based electronic discovery system.
Some aspects of SEC’s evaluation process included software features and functionality, cybersecurity, management, past performance and a competitive proof of concept process.
About 3,500 new productions, totaling nearly 10 terabytes after processing are received by SEC each month. Its existing eDiscovery system must support 600 users in its Washington headquarters and 1,200 additional users across its 11 nationwide offices. In addition, to support one petabyte of data across 7,300 cases, SEC had to select the most efficient enterprise-scale solution.
A configured version of Casepoint’s eDiscovery software, Casepoint Gov., was built to meet the needs of government clients and security requirements, the company said.
“We are honored that the SEC has selected Casepoint Government as its technology of choice for this important program to bring its eDiscovery process to the cloud,” said Amy Hilbert, vice president of public sector at Casepoint. “We understand the magnitude of the demands on the SEC. Our technology has been carefully built over many years to meet or exceed the agency’s needs through our scalable platform, artificial intelligence, and advanced analytics.”
Casepoint’s software is the result of nearly a dozen years of “thoughtful design and rigorous software development,” said Casepoint Co-Founder and Chief Technology Officer Vishal Rajpara.
“Our software’s excellence is matched by our exceptionally talented client service delivery team,” he said. “We are excited to partner with the SEC to meet their goals and support their overall mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”
Casepoint’s technology tools include cloud collections, data processing, advanced analytics, artificial intelligence, full-strength review and customizable productions for eDiscovery.