Industry leaders expand relationship providing access to Reveal's AI technology to Epiq clients globally Reveal, a groundbreaking eDiscovery technology company, and Epiq, a global leader in the legal services industry, today announced a global enterprise license agreement for the use of Reveal's artificial intelligence technology. The new enterprise license provides all Epiq clients with expanded access to Reveal's artificial intelligence platform with Reveal's recently announced acquisition of NexLP, a leader in the legal artificial intelligence space. Reveal's artificial intelligence platform turns disparate, unstructured data into meaningful insights that can be used to deliver operational efficiencies and strategic advantages for use with eDiscovery cases and Investigations. "Epiq is excited to partner with Reveal as it expands its analytics and artificial intelligence offering through the acquisition of NexLP, a long standing and highly strategic partner of Epiq," said Doug Mazlish, SVP, strategic alliances. "We are looking forward to continuing to provide our clients best in class legal technology solutions in partnership with Reveal. Reveal's investment in NexLP will further fuel their innovation in artificial intelligence in the legal industry and allow Epiq to continue to be an innovation leader in the market."
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This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so.
RAVN Systems, leading experts in Artificial Intelligence, Search and Knowledge Management solutions, announced today the launch of a RAVN ACE powered Robot for LPP (Legal Professional Privilege) review, allowing clients to automate the review of determining if material is subject to LPP. The LPP Robot uses state of the art AI (Artificial Intelligence) techniques to automatically read through vast document collections, such as case material in litigation, as well as other document types, to determine whether individual items are subject to LPP. The accuracy levels achieved by the Robot making these determinations now surpass traditional manual efforts and is several orders of magnitude faster. The solution exploits supervised iterative Machine Learning models inside the RAVN ACE (Applied Cognitive Engine) platform, meaning the Robot will become more accurate over time. It is a technological leap from legacy predictive coding methods that sometimes are used today.