OpenText Axcelerate Helps UK Agency Expedite
Investigations
WATERLOO, Ontario, April 10, 2018 /CNW/ -- OpenText™ (NASDAQ:
OTEX, TSX: OTEX), the global leader in Enterprise Information
Management (EIM), today announced that the UK Serious Fraud Office
(SFO) is using OpenTextTM Axcelerate, an AI-driven
eDiscovery and investigations platform, as its next-generation
investigations platform. The SFO deployed OpenText Axcelerate to
expedite its investigations and save caseworkers time by automating
document analysis, enabling them to better focus on the key
elements of their investigations.
The SFO leads the UK's fight against serious and complex fraud,
bribery, and corruption. Its investigations cross international
borders, involve multi-million pound (GBP) losses and huge volumes
of data and correspondence across all document types it analyses to
determine if criminal activity has taken place.
"AI technology will help us work smarter, faster and be more
effective in prosecuting economic crime. Innovations like OpenText
Axcelerate will help our investigators to sift through the hundreds
of thousands of documents we receive every day and focus on
delivering justice sooner, at significantly lower cost," said
Ben Denison, chief technology
officer at the SFO. "We're committed to constantly improving
performance to improve our capabilities and work more effectively,
so we turned to OpenText."
OpenText Axcelerate offered the SFO a way to simplify its
document review process, quickly capturing, categorizing, and
analyzing data through a combination of advanced analytics features
and built-in proprietary machine learning algorithms. The platform
can help significantly accelerate document review, including for
legal professional privilege (LPP), saving the caseworkers valuable
time and allowing them to focus on the most relevant and important
content. OpenText Axcelerate's ease-of-use further improves
investigative efficiency, allowing caseworkers to spend more time
on high-leverage tasks.
"OpenText offered us a complete solution, purpose built for
advanced discovery and investigation," said Denison. "Allowing our
legal teams to work and process data faster is key to holding those
involved in economic crime to account. OpenText's solution means
our staff spend more time building a case instead of sifting
through mountains of data. This was the next stage in our evolution
as an organization."
Mark Barrenechea, Vice Chair, CEO
and CTO, OpenText, commented, "Advances in AI technology, the
ability to review and analyze vast amounts of information, and
provide timely and meaningful insights will forever change the way
the legal profession operates. The Serious Fraud Office is leading
the way in the use of digital technology to investigate economic
crimes, and OpenText is excited to partner with them as they look
for truly revolutionary ways to use the latest advancements across
the organization."
The SFO put its first live pilot project through the Axcelerate
platform in June 2017 and, following
the completion of a number of other successful pilot projects, will
begin managing all new cases via the platform from April
2018.
OpenText will be showcasing the latest advancements in
Information Security, eDiscovery, Digital Forensics and Incident
Response at the company's annual Enfuse conference, taking place in
Las Vegas, NV, 21st to
24th May, 2018.
About OpenText
OpenText, The Information
Company™, enables organizations to gain insight
through market leading information management solutions,
on premises or in the cloud. For more information about OpenText
(NASDAQ: OTEX, TSX: OTEX) visit opentext.com.
Connect with us:
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Certain statements in this press release may contain words
considered forward-looking statements or information under
applicable securities laws. These statements are based on
OpenText's current expectations, estimates, forecasts and
projections about the operating environment, economies and markets
in which the company operates. These statements are subject to
important assumptions, risks and uncertainties that are difficult
to predict, and the actual outcome may be materially different.
OpenText's assumptions, although considered reasonable by the
company at the date of this press release, may prove to be
inaccurate and consequently its actual results could differ
materially from the expectations set out herein. For additional
information with respect to risks and other factors which could
occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q and other securities filings with the SEC and other
securities regulators. Unless otherwise required by applicable
securities laws, OpenText disclaims any intention or obligations to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Copyright © 2018 Open Text. All rights reserved. OpenText is a
trademark or registered trademark of Open Text. The list of
trademarks is not exhaustive of other trademarks. Registered
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mentioned herein are property of Open Text or other respective
owners.
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