Servient, Inc, a leading electronic discovery software company, today announced that it has been selected from a large pool of candidates to present at the Mid-Atlantic Venture Association (MAVA) Capital Connection 2010.
Richmond, VA (PRWEB) May 13, 2010 -- Servient, Inc, a leading electronic discovery software company, today announced that it has been selected from a large pool of candidates to present at the Mid-Atlantic Venture Association (MAVA) Capital Connection 2010.
Capital Connection 2010, which will take place May 19-20, 2010 in Baltimore, MD, is an invitation-only event that offers leading technology companies the opportunity to present to the Mid-Atlantic region's venture capital community.
"We are thrilled to present at this event," said Ian Wilson, Founder and CEO of Servient. "Presenting at Capital Connection gives us the opportunity to showcase our technology that significantly cuts the cost of e-discovery," Wilson added.
"In 2010, we have seen a robust pool of early and expansion stage companies from across the country with a variety of interesting, viable technology solutions and products designed to address market needs," said Julia Spicer, MAVA's executive director. "To be selected to present is a testament to the exceptional strength of these enterprises and to the compelling nature of their business proposition."
Servient is a software platform that actively learns from the decisions made by lawyers during legal review, automatically separating relevant files from irrelevant files in regulatory investigations and litigation. By removing the irrelevant files from costly legal review, Servient's technology cuts the current cost of e-discovery matters in half.
Servient's software performs statistical validation of the automated document decisions providing companies with a legally defensible solution to comply with legal discovery obligations at a fraction of the cost of current solutions.
The e-discovery software and service market was a $2 billion market in 2009 and is projected to grow at a 30% rate per year. With approximately five dollars spent on legal review for every dollar spent on e-discovery software, companies spend more than $10 billion for legal review of documents in e-discovery matters.
About MAVA's Capital Connection '10
Produced by the Mid-Atlantic Venture Association (MAVA), Capital ConnectionTM www.capitalconnection.org is one of the nation's most successful and influential technology innovation and private investor events. Over the years, companies have raised more than $2.9 billion of venture investments during their first year after participating. More than 200 high tech companies, representing combined equipment and services buying power of more than $3 billion, are typically in attendance at the event. MAVA is a non-profit association representing the full spectrum of capital sources, as well as entrepreneurs and corporate partners from high growth sectors. MAVA provides a wide range of programs, information and forums designed to stimulate company growth, facilitate deal-making, encourage collaboration, and foster relationships among entrepreneurs, investors, strategic partners and customers. Membership includes more than 500 investment professionals representing nearly 100 firms with collectively more than $90 billion in capital under management. For more information, please visit www.mava.org.
About Servient
Servient Inc. provides leading electronic discovery technology solutions to Fortune 1000 corporations, government agencies and leading law firms. Servient's E-Discovery Platform covers the preservation, collection, review, analysis and production of electronic evidence. Servient has offices in Houston, Texas, Washington, D.C., Richmond, Va., Philadelphia, Pa., and Pune, India. For more information about Servient, please visit www.servient.com.
Media Contact:
Raymond Hoy, 713-980-1992 Ext 2118, rhoy(at)servient(dot)com
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