Launch of new Nuix Ringtail software as a service (SaaS) which runs on Amazon Web Services
Nuix(www.nuix.com), a risk, compliance, and security software company headquartered in Australia, has launched Nuix Ringtail under a software as a service (SaaS) model in Australia and New Zealand.
Nuix Ringtail SaaS runs on Amazon Web Services (AWS), which has ISO27001 certification, an internationally recognised security standard. Nuix Ringtail SaaS combines powerful functionality with the benefits of a cloud-hosted product, as well as having zero infrastructure costs, robust security, scalability, and automatic upgrades.
“There isn’t enough time in the day to discover the traditional way anymore,” says Shane Jansz, Global Head of eDiscovery & Information Governance Solutions for Nuix. “People are overworked with little time to sift through mounds of information with anything resembling efficiency. Our customers have told us that it’s essential for their eDiscovery platform to handle large data volumes at speed, and without failing. It also needs to be easy to use, learn, deploy, grow, and manage which Nuix Ringtail SaaS delivers.
“Nuix Ringtail enables teams to stay ahead of the data curve by using predictive coding and advanced analytics to more efficiently review data with reduced costs. We’re really excited to be able to now support Asia Pacific clients with this leading-edge technology in cooperation with AWS.”
Nuix, which formed in Sydney in 2000, has more than 2,000 customers in over 75 countries and is well-placed to support the growing eDiscovery market. The release of its Ringtail SaaS solution into Australia and New Zealand is the next step in the company’s SaaS growth strategy according to Paul Muller, Nuix CEO Nuix, Asia Pacific & Japan.
“Australia and New Zealand are highly sophisticated technology markets, often early adopters of new technologies and in many respects ahead of the digital transformation curve,” says Mr. Muller. “We know that businesses involved in discovery want smarter ways of working and we’re seeing a positive market response to Ringtail SaaS with customers already lining up for the new service. Technologies like Nuix Ringtail SaaS can have a huge impact on improving productivity and reducing the costs of legal discovery and regulatory response.”
The global market for eDiscovery software and services was estimated at nearly US$11 billion in 2018 with predicted annual growth of 10 per cent through to 2023. That growth is being driven by demand for better data analytics, a growing volume of content sources, a heightened focus on search costs, and an increase in litigation around the globe.
eDiscovery industry expert Andrew King, founder of New Zealand’s LegalTech Hub