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ECM: Building out ECM Suites with eDiscovery Capabilties
2006-2007 saw a peak in the number of mergers and acquisitions happening in the information management space. At that time, ECM vendors were trying to fill their gaps in areas of ECM competency and bigger one-stop vendors like Oracle and IBM tried to add ECM as standard offerings in their portfolios. With the faltering economy, that merger activity has slowed dramatically, but now things may be slowly changing.
In early September, EMC announced the purchase of eDiscovery vendor Kazeon. With renewed government scrutiny and tighter requirements around company compliance after the recent financial crisis, technologies like records management and eDiscovery are becoming highly sought after capabilities. And stand-alone eDiscovery vendors are becoming acquisition candidates. Analysts are predicting that eDiscovery will grow to a $4.6 billion market by 2010, and 2010 will be here soon!
Kazeon eDiscovery was likely attractive purchase to EMC because it has what many feel is a complete solution around eDiscovery. Other eDiscovery vendors like Recommind and Autonomy now become likely candidates for acquisition. Recommind is a close partner with EMC vendor Open Text. Recommind is also pioneering a SaaS delivery of eDiscovery called Accelerate / eDiscovery on Demand.
It’s interesting that EMC is purchasing Kazeon after its own apparently failed attempt at eDiscovery with SourceOne Discovery Collector, an EMC technology powered by StoredIQ, an EMC technology partner. EMC had announced that product just half a year ago.
