Driven by FRCP, Guidance Software, a leading supplier of forensics software, joins a growing number of companies that are offering legal hold notification systems. Guidance Software announced EnCase Legal Hold on October 15 with product availability in December. It will be able to “issue litigation holds, interview custodians, monitor compliance with the holds and track the progress of collection and processing of potentially relevant ESI.” The software requires the installation of EnCase; however, customers that do not want this software will not be charged for it.
Guidance Software is a top ranked E-Discovery company in the 2008 Socha-Gelbmann Survey (excerpt below); however, this survey comes with a heavy disclaimer. Additionally, a competitor, AccessData, is now run by many ex-Guidance staff.
Although there is much speculation that the E-Discovery market may survive the current economic downturn, this announcement has had little effect on the Guidance stock (chart courtesy of Yahoo!):
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