U.S. Patent Office Award Highlights Company’s Leadership in Software-as-a-Service for Regulatory, Compliance, and Litigation Processes.
CHICAGO – August 13, 2013 – Nextpoint, Inc., the leader in cloud-based technology for the legal industry, has been awarded U.S. Patent number 8,447,731. The company’s groundbreaking, proprietary technology is built on a cloud computing architecture, and delivered as software-as-a-service. (Read the full patent here) The patent awards Nextpoint exclusive rights to the use of virtualized computing resources for storing, processing and accessing electronic data in support of litigation processes. This award solidifies Nextpoint’s position as the premier provider of cloud-based collection, eDiscovery and trial practice technology.
The invention described in this patent recognizes the company’s research and development efforts to leverage virtualized compute resources, also referred to as ‘cloud computing’, to support data across the entire litigation lifecycle. It is the first in a series of pending patents related to this platform. This technology is the foundation for Nextpoint’s suite of integrated software-as-service, Cloud Preservation™, Discovery Cloud™, and Trial Cloud™,
Approved on May 21, 2013, the claims in the patent address:
Storing litigation related data in a virtual storage location
Parsing electronically stored information (ESI) for processing
Extracting text and metadata using a cloud-computing architecture
Making this data available to users via the Internet
Pioneers in Cloud Computing
Nextpoint pioneered the use of cloud-based software in litigation over 8 years ago, with the release of its first product offerings. The company was the first to validate cloud computing as a means to address exploding volumes of data involved in litigation. The technology protected in this patent award gives Nextpoint customers the power to manage all phases of the litigation process in the cloud, including tagging, retrieving, reviewing, bates stamping and exporting electronic data.
Recognizing that the legacy network-based systems prevalent in the legal industry were no longer viable, the company blazed a new path toward efficiency. “The on-premise software in use 20 years ago had served its purposes, but technology has evolved since then. Today the best solution available is to use the cloud in order to manage large volumes of data. ” says Rakesh Madhava, Nexpoint’s founder, CEO, and co-inventor named in the patent. “We knew in 2005 that this was a truly important and novel approach, and are thrilled that the USPTO has come to the same conclusion.”
A Culture of Innovation
This patent recognizes Nextpoint’s development of progressive, highly-advanced litigation technology designed to meet the unique needs of legal processes. “The award reflects our early and substantial investment in cutting-edge research and development efforts,” says Jim Halberg, Nextpoint’s Managing Director of the Nextpoint Lab, the company’s research and development group based in Madison, Wisconsin.
The company plans to continue redefining the state-of-the-art in litigation technology. “While it is now industry vogue to be ‘in the cloud,’ that certainly wasn’t the case eight years ago.” says Rakesh Madhava, CEO of Nextpoint. “This patent makes it clear that our technology is truly unique and ahead of the rest of the industry. Most importantly, this patent is great for our clients, who are assured they are partnering with the most innovative, customer-centric company in the legal industry.”
Nextpoint provides cloud computing tools and services for legal, compliance and regulatory needs. The Nextpoint platform is an on-demand, multi-tenant suite of software-as-a-service products that are transforming the way corporations, governments and lawyers collaborate and manage electronic data. Nextpoint manages terabytes of data for hundreds of large legal related-entities, including corporate customers, government entities and law firms of all sizes, from solo practitioners to the AmLaw 200.