Syngence Announces Breakthrough 'All-You-Can-Process' License for Under $10K for Near-Duplicate Clustering Software
New pricing model can bring per document near-duping costs well under a penny per document
LAGUNA NIGUEL, Calif., May 2, 2012 /PRNewswire/ -- Ed Horton, President and CEO of Syngence Software LLC, announced today that SynthetixND™ near-duplicate clustering software would be licensed on an "all-you-can-process" basis for $9,990 per year for a limited time. Competitive products typically charge on a per gigabit or document basis. As Horton explained, "Most law firms and corporate legal departments process large amounts of documents per month - even a few custodians can produce large amounts of data. The average cost per document would be well under a penny a document - a great value in light of the improved speed and consistency achieved by having reviewers examining various versions of the same documents at the same time. In most discovery collections, 30% to 40% are comprised of near duplicates. Clustering near duplicates for review is a proven time saver."
Horton continued, "The high cost of e-discovery is a frequent complaint in surveys of Fortune 500 legal departments and AmLaw 100 law firms and we've decided to address the problem head on. The fixed, annual licensing model directly meets those concerns and permits realistic annual budgeting for that component of litigation costs."
SynthetixND™ data can be used with virtually any review platform including Relativity, Concordance, iCONECT, and CaseLogistix. The new software is expected to be released on or about May 20, 2012.
Syngence technology has processed over 4,300 matters for over 300 legal departments, law firms and government agencies.
About Syngence Software
Syngence Software provides powerful, scalable search solutions that help leading law firms, corporate legal departments and government agencies to quickly extract and analyze critical data in the documents and electronic files that they manage. Syngence Software headquarters are located in Laguna Niguel, CA. For more information, visit http://www.syngencesoftware.com or email [email protected]
Office: 949-495-3627
Contact: Joe Howie - Chief Legal Technology Strategist
E-mail: [email protected]
This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.
SOURCE Syngence Software
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