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Fios and Nexidia Partner to Extend Discovery of Voice RecordingsStrategic partnership to integrate Nexidia’s unique technology for uploading, searching and analyzing recorded audio with Fios’ comprehensive electronic discovery services PORTLAND, Ore. and ATLANTA – October 16, 2006 – Fios® Inc., a leading electronic discovery services provider, and Nexidia, the developer and provider of the most effective phonetic-based technology for audio search, today announced a strategic partnership designed to help clients more effectively and efficiently review and analyze electronic audio files as part of discovery. The two companies are extending Nexidia’s phonetic audio search technologies with Fios’ extensive electronic discovery services to provide clients with an innovative and cost-effective approach to manage complex litigation and regulatory compliance matters. “Effectively accessing, analyzing and producing electronically stored audio files as part of discovery has become the newest challenge for today’s enterprises,” said Gerald Massey, president and CEO of Fios Inc. “Making this process easier to navigate and manage is part of Fios’ continued commitment to delivering comprehensive electronic discovery services enabled by leading technology. We’re extremely pleased to be extending our capabilities with Nexidia.” Nexidia’s technology allows for highly scalable audio search by identifying phoneme (speech) patterns that provide higher accuracy than dictionary dependent, speech-to-text based audio search; manual transcription; or labor-intensive listening. This audio technology, combined with Fios’ proven evidence collection, processing, review, production and project management services, delivers a defensible process for integrating audio files in complex e-discovery requests. “Due to increases in digital storage capacity and the arrival of digital voice recording and messaging systems, the quantity of sound recordings is growing rapidly. Tools that allow legal professionals to search and analyze these recordings are a critical element in the era of electronic discovery,” said John Willcutts, president and CEO of Nexidia. “Our eDiscovery OnDemand audio analysis, combined with Fios’ extensive electronic discovery services, provides the legal community with unmatched speed, accuracy and sophisticated analytics solutions combined with deep expertise in electronic discovery. We look forward to working with Fios to further expand our capabilities and meet this growing market demand.” The ability to access, analyze and produce electronically stored audio files is becoming a necessity for organizations. According to a March 2006 Enterprise Communications survey by Forrester Research, companies that are in the initial rollout stage of adopting unified messaging systems have more than doubled over the past year. In addition, new amendments to the Federal Rules of Civil Procedure (FRCP) are scheduled to go into effect on December 1, 2006, and will clearly expand the types of data that will be discoverable. “The current practice of producing e-mail, word processing documents and spreadsheets as part of discovery is changing and will now require preservation and production of all electronically stored information, including sound recordings,” said Mary Mack, Esq., technology counsel at Fios. “Having a legally defensible process for reviewing and producing the large amounts of electronic audio files will become vital for today’s highly litigious and regulated enterprises.” About Nexidia Nexidia is a leading provider of highly scalable, accurate, and cost-effective phonetic based search solutions for the legal industry, government intelligence and contact center management. By transforming audio and video data into business intelligence, Nexidia allows companies, in industries such as Healthcare, Insurance, Financial Services, Media Creation and Aggregation, Telecommunications and Outsourcing, to leverage untapped information previously locked away. Nexidia’s phonetic engine is the only technology that allows the user to search on proper names, places, industry terms and jargon without extensive training and cumbersome dictionaries. The process is adaptable to a range of audio analyses and excels across the full spectrum of audio quality. For more information, please visit www.nexidia.com. About Fios, Inc. Serving the legal community since 1999, Fios Inc. is committed to helping corporations and supporting outside counsel reduce the costs, risks and time associated with electronic discovery. Fios' IT-enabled discovery management, evidence collection, data processing and document review services are based on an in-depth knowledge of litigation and information technology, enabling fast, efficient and legally defensible discovery response. Headquartered in Portland, Ore., Fios is backed by top investors, including 3i, Fluke Ventures, FBR CoMotion, Digital Partners and Banyan Capital Partners, and has offices throughout the continental United States. Fios is also the principal sponsor of the leading Internet portals: DiscoveryResources.org and ComplianceResources.org. For more information about the company and its services, visit http://www.fiosinc.com. |