Bangalore: Stratify Software, formerly known as PurpleYogi, plans to infuse $10 million in the next two years on its expansion in India. This US-based company, led by Indians, also plans to take over a suitable legal process outsourcing (LPO) firm. From the early Internet days and the high-brand-recall, PurpleYogi to the sober and profitable Stratify, the company has transformed in more ways than one.
They have now chosen to aim corporates and primarily the legal sector. While underlying technology electronic discovery is the same, its applications have changed. E-discovery was a $1.9 billion market in 2006 and is projected to grow to $4.07 billion in 2009, according to a Socha-Gelbmann report. Version 8.0 of Stratify''s Legal Discovery a knowledge management tool tailored for the legal industry will be out soon. It uses statistical analysis to find patterns of words (compatible with major languages) and then organises PDFs, documents, mails, and 400 formats in which data is stored, to make it easier for attorneys and reviewers to act on information.
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