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SAN FRANCISCO, CA -- (Marketwired) -- 08/27/15 -- Recommind, a leader in advanced analytics, today announced Axcelerate 5.5, the latest version of its pioneering cloud-based eDiscovery platform. Axcelerate now enables sophisticated analysis of instant messaging (IM) data with smart processing technology that can be applied to a wide range of platforms, including Instant Bloomberg, the dominant messaging platform for the global financial industry, Skype and Google Chat. The new release, which also features dramatically faster performance levels, applies Recommind's powerful analytics, visualizations and machine learning technology to chat communications, along with email and other critical data sets.

The rise of IM in the workplace makes fast, effective analysis of chat data essential to eDiscovery and internal investigations. Legal teams have routinely struggled to find the information that matters among large volumes of chat communications across organizations. Axcelerate's new chat processing technology and analytics streamline the process of filtering, reviewing and producing IM data. In addition, Axcelerate's breakthrough Hypergraph technology provides deep insight by visualizing IM data alongside email for a complete picture of communication networks, patterns and activity levels.

"Most eDiscovery platforms struggle with IM data because of its irregular formatting and metadata. But this type of data is essential for financial services clients," said Nick Patience, Research Vice President, Software, 451 Research. "Some of the most important communication for regulators to review is contained in IM. Using advanced analytics allows us to get through this information faster and with greater accuracy."

"Chat is the new email, and our customers need clear, rapid insight into every kind of enterprise data," said Bob Tennant, CEO, Recommind. "With Axcelerate, they can quickly spot the conversations that matter for investigations, compliance and litigation. While their opponents are still sifting through email, Axcelerate customers are planning a winning strategy."

Recently named the "Best eDiscovery Review Platform" by Legaltech News, and consistently designated a Gartner Magic Quadrant Leader, Axcelerate transforms eDiscovery with its powerful machine learning and business intelligence technology. Other enhancements in the latest version include:

• Documents at double the speed: Axcelerate 5.5 retrieves batched documents twice as fast with its newly upgraded, zero-footprint viewer and optimized memory utilization.
• Faster across the board: Axcelerate 5.5 makes a range of key operations 40 to 50 percent faster -- from processing, to indexing, to productions.
• Deeper visibility: Axcelerate 5.5's new Multi-Matter Dashboard provides visualized key metrics for firms and corporations to optimize processes across their eDiscovery portfolios.

Axcelerate 5.5 is available to new and existing customers as a SaaS, On-Demand or On-Premise solution. Its new capabilities are fully integrated into the Axcelerate platform and supported by Recommind's global product and service team.

About Recommind, Inc.
Recommind's advanced analytics identifies the facts that matter for eDiscovery, investigations, contract analysis and information governance. Its customers include AstraZeneca, BMW, Cisco, Clifford Chance, Marathon Oil, Morgan Lewis, the U.S. Securities and Exchange Commission (SEC), Swiss Re, the U.S. Department of Energy (DOE), White & Case and WilmerHale. Recommind is headquartered in San Francisco and has offices in New York, Boston, London, Sydney and Bonn. For more information go to www.recommind.com.