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January 2, 2008
Servient Announces Record Growth In 2007
Company growth rate outpaces growth rate of the overall electronic discovery industryHouston - January 2, 2008 —Servient Inc. announced today that its annual revenue rose 250% from a year ago, fueled by strong gains in market share. This rate outpaced the industry’s overall rate of growth and demonstrates that Servient continues to grow its market share in tandem with the industry and also at the expense of its competitors.
Servient’s President and CEO, Ian J. Wilson, stated: “We are delighted with the 2007 results that reflect our continued determination to provide the marketplace with a truly efficient and defensible solution to electronic discovery. The marketplace is beginning to differentiate among the various providers that claim to service electronic discovery and is now seeking more effective solutions. Servient provides the next-generation solution which can deliver a more efficient, legally defensible solution.”
The 2007 results substantially exceeded the overall market growth predicted by many of the industry commentators. The market is migrating from the old “load-file-TIFF” providers to the more sophisticated technology providers who can deliver the new technology needed to streamline the entire process.
“ 2008 is going to be an exciting year for Servient,” Wilson continued, “We are positioned to release market changing technology solutions that will address automated collection, litigation hold management, linguistic and statistical analysis. A product that automates the process from collection through production, delivering a new level of analysis, is what the market truly needs, but has been out of reach. Servient will deliver the complete product in 2008. Wilson concluded: “While 2007 was a record year for Servient, we believe that it’s just the beginning and that even greater things are ahead.”
About Servient
Servient provides a leading electronic discovery technology solution to Fortune 1000 corporations, government agencies and leading law firms.
Servient’s technology suite includes NetHold, CentricSearch and Discovery Compass. This suite of products covers the preservation, collection, review, analysis and production of electronic evidence. Servient has offices in Houston, Texas, Richmond, Virginia and Pune, India. For more information about Servient, please visit www.servient.com.
Media Contact:
Raymond Hoy
713-980-1992 Ext 2118
rhoy@servient.com