The week in the run-up to LegalTech tends to be quiet, with many companies holding their fire for the main event. This week, though, Equivio offered predictive coding to e-Discovery, Lookout offers insight into Android threats, SIA buys Compliance 360, BIA offers taste of social media collection features and TechNavio’s security industry report is now available.
Equivio Offers Predictive Coding
Equivio this week launched a platform called Equivio Zoom, an integrated platform for predictive coding and analytics that is designed to make it easier for law firms, corporate legal teams and service providers to integrate analytics across their existing e-Discovery workflows.
By combining a host of Equivio’s well-known components, such as near-duplicates, email threads and relevance with data import and export, early case assessment and enriched analytics, Equivio Zoom integrates it across a unified platform approach, which eliminates the need for moving data between applications, shortening processing cycles and reducing the chance of errors.
SAI Buys Compliance 360
GRC vendor SAI Global has announced that it has signed a definitive agreement to acquire Compliance 360. Compliance 360 will remain in Atlanta upon completion of the acquisition and operate as a line of business for SAI Global's Compliance Division.
Compliance 360's SaaS applications enable enterprises to securely manage financial controls, internal audit processes and compliance obligations with minimal IT infrastructure costs.
It currently has hundreds of healthcare, insurance and financial services companies in its portfolio and did pretty well in Forrester Wave for GRC Q4 2011.
The broad Compliance 360 platform supports key GRC requirements including enterprise risk management, compliance management and audit management as well as assessments and surveys linked to each business process. It also provides third-party risk management.
All Compliance 360 applications use one platform with workflow. The demand for these workflow systems is mainly driven by regulatory and compliance rules that require businesses to adhere to government, industry and internal governance policies.
The acquisition is expected to close by the end of January. Financial details of the transaction were not disclosed.
Lookout Identifies Android Threats
Forewarned is forearmed. With so much business being carried out on mobiles, security is becoming an increasingly important issue for smartphone users. Lookout Mobile Security, however, is offering at least some help this week with the release of its new app, Threat Tracker, that provides information about mobile threats as they happen.
According to the Lookout blog, once the app opens, the homepage shows an image of the Earth. It marks the picture with globe with green dots, representing people around the world that Lookout says it has protected from threats, and you can move the globe around to see what parts of the world are under threat.
It shows attacks in real time as Lookout Mobile’s security application detects and deflects them.
It also provides the names of the top three threats, and by tapping on the name, it provides more information about it, ensuring mobile users can become clued in about the dangers that face them.
Lookout also says the data is updated hourly so smartphone users can see mobile threats appear and disappear over time. It’s available for download from the Android Market now.
BIA Previews Social Collection Features
Looking forward, BIA will be previewing the new TotalDiscovery.com Social Media Collection feature at LegalTech next week.
BIA says the new release adds the ability to collect data from Facebook, Twitter and MySpace to the data collection features already available.
When it was originally released last June, TotalDiscovery.com was the first cloud-based e-Discovery collection tool available to corporations and law firms. It offered software along with professional services in the areas of litigation, digital investigations and electronic policy consulting.
TechNavio’s Security Industry Analysis
Meanwhile, TechNavio's analysts have just made public their forecasts for the global security SaaS market, and predicts growth of 28.4% over the period 2010–2014.
One of the key factors contributing to this market growth is the increasing compliance requirements. The global SaaS market has also been witnessing increases in security SaaS offerings from large vendors. However, slow development of some security SaaS verticals could pose a challenge to the growth of this market.
Key vendors dominating this market space include McAfee Inc., Symantec Corp., Cisco Systems Inc. and Trend Micro.
The report covers the Americas and the EMEA and APAC regions and focuses on the Global Security Software as a Service market. The report also covers the major vendors that are operating in the Global Security Software as a Service market.