Symantec to acquire Clearwell Systems

Symantec is expanding into the growing ediscovery marketplace with the $US390 million acquisition of ediscovery leader Clearwell System.

“As information continues to grow at unprecedented rates, the biggest challenge for customers is to protect, manage and backup this information as well as have the ability to categorise and discover it efficiently,” said Deepak Mohan, Senior Vice President, Information Management Group, Symantec.

“The acquisition of Clearwell’s market leading electronic discovery solution will further increase Symantec’s ability to get the right information, to the right people, at the right time, while reducing overall legal review costs and limiting risk.”

Symantec is keen to enhance the links with Enterprise Vault to create a more complete end-to-end eDiscovery solution.

According to Gartner, the eDiscovery software market is growing at a compounded annual growth rate of 14 percent and is estimated to reach $US1.7 billion by 2014.


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