Zapproved was named as a “vendor to watch” in the 2015 Gartner Magic Quadrant for E-Discovery report published on May 18th, 2015.
Founded in 2008 in Portland, Ore., Zapproved is a pioneer in developing cloud-hosted software for corporate legal departments. The ZDiscovery Platform returns power to in-house corporate legal teams and helps them navigate electronic discovery with minimal risk and cost, and it sets new standards for scalability and intuitive design. The company’s flagship product Legal Hold Pro is widely adopted by Fortune 500 and Global 2000 corporations and has earned recognition in the 2014 and 2015 Best of the National Law Journal and the 2013 and 2014 Best of Legal Times. Zapproved was recognized in the 2014 Inc. 500 as one of the fastest growing private companies in the U.S.
Data is growing exponentially. A 2014 IDC report forecasts that the digital universe is doubling in size every two years, and by 2020 the digital universe – the data we create and copy annually – will reach 44 zettabytes, or 44 trillion gigabytes. In addition to those heady numbers, it’s common to share business files using services such as DropBox or Box, because its easy to store and share information. Added to the mix are social media communications streams and the myriad personal devices employees use for both work and personal reasons.
While these trends mean businesses have many means of communicating and sharing data which can be a boon for business productivity, the volume and the disparate nature of the data makes ediscovery an increasingly difficult challenge for corporate legal teams to manage.
“Our observation is the traditional approach to ediscovery is unsustainable,” said Zapproved CEO Monica Enand. “Corporations face exponentially growing amounts of data that sit in disparate places and its costing companies too much (by wetzel). We’re on a mission to fix this problem and it is heartening to see Zapproved’s SaaS-based approach is garnering mindshare.”
While Gartner shares that ediscovery vendors are expanding their ediscovery software via a SaaS model to offer the benefits of the cloud, such as cost efficiency, accessibility, and computing power, they also caution buyers to make sure they are getting a true SaaS solution.
“Although many offerings are labeled as “SaaS,” caution should be given because some of them are really hosted rather than true SaaS. In addition to the benefits of cloud economics and scalability, ediscovery in the cloud is becoming an appealing option if the data source resides in the cloud. This is a new area for ediscovery practitioners.”
Gartner, Inc., Magic Quadrant for E-Discovery Software, Jie Zhang, Garth Landers, 18 May 2015.
Gartner,Inc.,Magic Quadrant for E-Discovery Software, Jie Zhang, Garth Landers, 18 May 2015. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.