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News and Information Article
Company Launches With Veteran Team From Google, HP, Microsoft, Oracle,
Siebel and Sun
SANTA CLARA, Calif., Jan. 23 // -- Clearwell Systems, Inc., a
pioneer in the Email Intelligence market, today announced the launch of its
company with financial backing from Sequoia Capital, the venture capital firm
behind Apple, Cisco, Google, Oracle and Yahoo!. Email Intelligence is the
discovery, organization and analysis of the information captured in corporate
email systems to drive better business performance across numerous business
functions -- including regulatory compliance, legal discovery and customer
management. Clearwell is led by a seasoned team from companies including
Google, HP, Microsoft, Oracle, Siebel Systems and Sun Microsystems.
"Email has become the de facto system of record within the enterprise and
contains valuable information not found in any other systems," said Michael
Osterman, founder of Osterman Research. "Enterprises of all sizes need to
analyze this data to drive better performance across business functions such
as lowering the costs of regulatory audits and legal discovery requests,
enabling faster and more accurate early case assessments and rapidly
addressing customer issues."
To date, inaccurate and time-consuming manual review of email has been the
only option for email discovery, organization and analysis. Current tools with
rudimentary keyword search do not provide the sophistication these enterprises
need to perform automated, in-depth analysis. As a result, the cost of
responding to a discovery request can reach $250,000, and enterprises spend
millions each year analyzing emails critical to regulatory audits and legal
investigations.
"Email Intelligence extracts and delivers a new level of actionable
intelligence from information contained in corporate email systems, much like
Business Intelligence solutions, which have successfully enabled companies to
extract critical information from data contained in databases such as Oracle
and Sybase," said Jim Goetz, partner at Sequoia Capital. "As the first Email
Intelligence solution, Clearwell is poised to capitalize on this emerging
market, which we expect to become a multi-billion dollar industry within the
next few years."
The Clearwell Email Intelligence Platform(TM) provides enterprises with a
revolutionary approach to email analysis. Clearwell analyzes the unique
properties of email, combines it with organizational data and applies patent-
pending linguistic and statistical analysis algorithms to extract intelligence
from email messages and attachments. The companys initial solutions focus on
regulatory compliance, legal discovery, and customer management, providing
actionable intelligence across all business units. Clearwell enables
enterprises to lower operational costs, reduce corporate risks and optimize
customer management. The Clearwell Email Intelligence Platform has been
deployed across several Fortune 500 companies, providing cost savings of up to
90 percent.
"As demonstrated over the last several years, email is the one source of
information that everyone trusts to find out who knew what and when in all
litigation, corporate investigations, contract negotiations and more," said
Aaref Hilaly, president and CEO of Clearwell Systems. "Until now, the manual
process of uncovering and analyzing critical information in email has resulted
in serious inaccuracies and required long hours, armies of staff and excessive
costs. With Clearwells solution, the time spent on email analysis is reduced
from weeks to minutes, costs are lowered by as much as 90 percent and
inaccuracies are eliminated."
About Clearwell Systems
Santa Clara, Calif.-based Clearwell Systems is transforming the way
enterprises discover, organize and analyze the information across their
corporate email systems. Clearwell enables business and IT executives to lower
discovery costs, reduce fines, grow revenue and improve customer satisfaction.
Fortune 500 companies -- large energy companies, major financial institutions,
leading high-technology companies, and global professional services
organizations -- have realized immediate value within days of their
deployments. For more information, visit http://www.clearwellsystems.com.
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