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RenewData Provides eDiscovery Services for Over 900 Regulatory Investigations and Audits in Past Year Increase in Government Agency Regulatory Investigations and Audits has Fueled Increase in eDiscovery, Archiving and Data Governance Projects AUSTIN, TX - July 23, 2009 - RenewData, a leading provider of services for the discovery, archiving, and governance of electronically stored information (ESI), today announced they are continuing to assist numerous worldwide enterprises with eDiscovery services in response to over 900 different regulatory and audit matters over the past year. There has been a recent increase in regulatory activity particularly in highly regulated markets such as in the financial, insurance, healthcare, and pharmaceutical services sectors.
The services RenewData provided to many of the world's largest organizations include matters related to SEC investigations, DOJ requests, and a multitude of other regulatory audits. These services incorporate data processing, targeting, searching, filtering, review, and production services involving more than 70 terabytes of data over the last year for these organizations. "Today's financial market situation is necessitating an increase in the number of regulatory investigations and audits by government entities," remarked Rich Cohen, Executive VP of Legal Services at RenewData. "The good news is that there are companies like RenewData that can help organizations prepare for this inevitability. Tight deadlines are common when responding to regulatory agencies, and our experience and technology enable a high level of efficiency and accuracy in producing relevant and accurate data that is defensible in court."
When faced with a regulatory audit or investigation, these organizations seek out solutions that can quickly and accurately provide planning, collection, processing, review, and production of their electronically stored data. RenewData's robust suite of services, solid legal expertise, and leading-edge technology enable fast, cost-effective, and scalable processing of data. RenewData employs a scalable set of processes to meet requirements quickly and efficiently and does so in a highly-secure facility that ensures the confidentiality and security of electronic data at all times, as well as employs a repeatable and defensible chain-of-custody process to accurately track all data. In addition, RenewData's experienced and knowledgeable project managers have expertise in legal, discovery, and IT services and are available through every step of the project.
While much of the work RenewData has assisted these organizations with has been reactive eDiscovery services, RenewData has also utilized its ActiveVault archiving and ESI risk management services to proactively assist many of these clients in preparation for investigations and audits they knew would inevitably occur. These services enable the processing and archiving of organizations' historical data before the investigations and audits occur, thereby allowing them to more quickly and cost effectively respond to strict deadlines imposed by regulatory agencies.
RenewData will be conducting a free webinar, "Preparing for Regulatory or Internal Investigations," which will provide insight, best practices, and recommendations on how to best approach such investigations. RenewData's experts, who have performed a significant amount of work for organizations facing regulatory investigations and audits, will be presenting the webinar. Legal, IT, and risk management personnel from corporations and their outside counsel firms would greatly benefit from attending this webinar, which takes place August 5, 2009 at 1:00 p.m. CT. You may register for the event by going to RenewData's website at http://www.renewdata.com/registration.php. About RenewData Contact |
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