Pension Benefit Guaranty Corporation Addresses Offline Tape Liability with Index Engines Enterprise eDiscovery Platform
Leading Pension Benefits Company Selects Index Engines to Deliver Rapid Access to Content on 45,000 Offline Tapes to Support Discovery Search Requests
Holmdel, NJâ€”â€” December 4, 2007 â€”- Index Engines, the leader in enterprise discovery solutions, today announced that Pension Benefit Guaranty Corporation (PBGC) has selected the Index Engines Enterprise eDiscovery Platform to perform comprehensive data indexing for 45,000 tapes of offline data retained on up to 10 years of backup media. Index Engines, with electronic discovery services provided by ONSITE3, will enable PBGC to speed the electronic discovery process by rapidly indexing archived data without requiring the time consuming process of tape restoration. As a result, PBGC will only need to restore what they need, rather than the entire tape contents, significantly saving both time and money.
PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of nearly 44 million American workers and retirees in 30,330 private single-employer and multi-employer defined benefit pension plans. PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plans.
PBGC has more than 45,000 offline backup tapes in its data archive which, over the past 10 years, have been backed up using both CA ARCserve and Symantec Backup Exec backup software formats. ONSITE3 will use the Index Engines solution to provide next-generation enterprise search technology that will reduce PBGCâ€™s data discovery process from months to days. The Index Engines solution will index the full content contained in PBGCâ€™s document files and emails, including nested files, as well as metadata information. The resulting indexes can be easily searched by PBGC paralegals, researchers or corporate counsel representatives and data retrieved as needed for ad hoc discovery requests. Ultimately, with the Index Engines solution, PBGC can search their tape archives, regardless of their format, without first restoring the data to find relevant files and emails.
PBGC will begin its discovery-readiness project this quarter by indexing 20 percent of its offline tapes, using representative samples from each historic quarter over the past 10 years. PBGC will subsequently begin to index remaining offline tapes in similar increments until its data is completely indexed.
PBGC selected the Index Engines Enterprise eDiscovery Platform because it offers the following benefits:
* The only solution to perform direct indexing of offline tapes without having to restore the contents.
* Enables rapid risk assessment prior to legal proceedings with an enterprise-wide index that can be used to determine exposure based on content of files and emails.
* Ensures accuracy of discovery results by searching against an electronic repository using full text and metadata.
* Delivers fast response to legal requests by automatically and continually indexing data to ensure comprehensive search results.
* Provides a long-term eDiscovery platform that can be used over and over again with a reusable searchable repository of files and emails that can save time and money versus collecting and reviewing data for each unique project.
The Index Engines Enterprise eDiscovery Platform
Index Enginesâ€™ Enterprise Discovery Edition is an appliance-based offering that collects and prepares data in support of electronic discovery faster and more accurately than any existing solution on the market. Index Enginesâ€™ patented technologies automate information access and retrieval by streamlining online discovery and eliminating the need to restore offline tape content in order to retrieve actionable data. This approach dramatically compresses the electronic discovery process. The industryâ€™s most extensive and powerful indexing platform, the Index Engines Enterprise eDiscovery Edition is the only solution capable of indexing all online and offline content efficiently, allowing instant access and retrieval of all corporate data.