U.S. Securities and Exchange Commission (SEC) Implements Nexidia for Audio Review

ATLANTA, June 8, 2011 /PRNewswire/ -- Nexidia Inc, the market-leading provider of audio search and review software, announced today that the United States Security and Exchange Commission (SEC) has completed the installation of Nexidia's Audio Discovery software. The SEC will use Nexidia for reviewing audio content produced in its investigations of the financial industry.

The SEC's mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. In fulfilling its mission, the SEC manages investigations into many types of trading activity, which includes large volumes of audio recordings. But transcription of large volumes of audio content typically requires weeks or months of processing, and human listening is labor-intensive and inaccurate. Nexidia Audio Discovery technology gives the Commission the ability to process and review audio recordings much more quickly and efficiently than these traditional methods.

"We're pleased the SEC has chosen Nexidia Audio Discovery for reviewing audio content in their regulatory investigations," said Jeff Schlueter, Vice President of Legal Market for Nexidia. "The SEC joins a growing list of regulatory agencies both in the U.S. and abroad that have selected Nexidia for reviewing audio in a timely and cost effective manner."

While verbal communications have become increasingly important for transacting business, particularly in regulated industries and call center operations, the capabilities for storing audio content for longer periods have improved, and audio is subject to the same requirements for compliance and production as other forms of electronic data. Nexidia's patented phonetic technology, combined with its experience in call center operations, military and law enforcement agencies, and legal audio discovery, enables the company to deliver the most scalable, accurate, and affordable method for reviewing large volumes of audio content.

About Nexidia

Nexidia Inc is the audio and video search company with patented technologies and breakthrough applications that enable legal professionals to quickly and accurately search, review, and categorize large volumes of audio and video in response to discovery, regulatory, or compliance investigations. For over 10 years, Nexidia has delivered trusted solutions to government agencies, corporations, and law firms. For more information, please visit www.nexidia.com/legal.

Nexidia Contact:
Cathy Kenton
Legal Vendor Strategies
858.509.7996
[email protected]

SOURCE Nexidia