Business Services Industry
Catalyst Repository Systems Enters into OEM Partnership with Fast
Business Wire, Dec 6, 2006
Leading Web-Based Repository Company to Integrate FAST InStream Technology for Advanced Scalability, Search and Retrieval
OSLO, Norway, NEEDHAM, Mass. and DENVER -- Fast Search & Transfer[TM] (OSEAX: FAST.OL) (FAST[TM]), the leading developer of search technologies, today announced an OEM partnership with Catalyst Repository Systems, Inc., a leading provider of secure, web-based repositories to the legal, insurance and financial markets. Catalyst will leverage FAST InStream[TM], FAST's OEM-specific search technology, as the core search platform for its Catalyst CR data repository. Catalyst CR 6.0 (Grid Edition), running FAST InStream, will be available to the public on December 12, 2006.
FAST InStream enables storage-system, information-management and application providers to develop solutions that classify and make searchable 100 percent of available content, including both structured and unstructured information. It is the foundation for an effective embedded search and classification strategy. Designed for rapid, low-risk and high-capability integration and no-limit scaling, FAST InStream gives OEMs the ability to offer their customers a contextual understanding of all active and archived data by indexing and analyzing metadata, text, terms and concepts and tying this information together with enterprise business processes. This deep level of visibility into stored content provides users with unprecedented value.
Since 1998, many of the world's largest corporations, law firms and insurance companies have used Catalyst's secure, web-based repositories to review and produce legal discovery documents, to connect attorneys working in multiple geographic locations on cases and claims, to ensure regulatory compliance, and to facilitate mergers, acquisitions and other financial transactions. With large corporations now generating more than a million e-mails a day, corporate legal teams need massively scalable repositories that enable them to find, retrieve, sort and share the exact data they need - with lightning speed. At the same time, the repositories must make it simple to distribute the data and to collaborate online, without compromising data security.
With FAST InStream, Catalyst is providing its clients with the industry's most powerful search solution, offering unparalleled speed and scalability. FAST InStream accelerates searches, refines queries and retrieves data in the most accessible formats and scales to meet the growing demands of the industry. Additionally, FAST InStream supports more than 70 different languages, including those with multi-byte character sets - a key feature as legal, business and financial matters become increasingly global.
"Our clients need the right information, at the right time, and the ability to share that information with geographically dispersed teams in a secure manner," said John Tredennick, CEO of Catalyst Repository Systems. "FAST InStream gave us the ability to build a scaleable and secure system that routinely delivers search results in under a second, even when faced with multiple, concurrent 750-word queries against a database of 15 million documents."
"As the proliferation of electronic data continues to explode, and compliance requirements - like the new Federal Rules governing electronic discovery - continue to increase, organizations need to significantly improve their ability to track and produce all electronic documents," said John Markus Lervik, CEO of FAST. "While today's legal teams may need to search and review 30 million documents, that number could well reach 100 million in the coming years. Using FAST InStream, Catalyst has built a platform of impressive speed and scalability and is uniquely positioned to offer legal professionals a powerful search and retrieval solution."
Information about Catalyst's use of the FAST technology can be found at www.fastsearch.com/crs.
About Catalyst Repository Systems
Catalyst provides repository systems to help corporations and their counsel deal with the explosion of digital content in an increasingly regulated environment and work together on complex legal, financial and insurance matters. Its On Demand systems provide a compelling alternative to traditional approachesCoparticularly when clients need to review large document collections and connect legal professionals worldwide.
Catalyst's products include Catalyst CR, the first grid-enabled document repository for litigation support, compliance and due diligence; Catalyst XE, a powerful extranet to connect professional teams and their files worldwide for cases, claims, deals and other complex legal matters; and Catalyst Review, customized document review workflow for corporate, insurance and other regulated environments.
A pioneer in the industry, Catalyst's products have been used since 1998 by many of the largest organizations in the world (e.g., five of the world's ten largest companies and over half of the nation's 100 largest law firms). For further information about Catalyst, please visit www.catalystsecure.com.
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