Recommind

Recommind was established in 2000 by founders Jan Puzicha, Thomas Hofmann, and Derek Schueren. The company's technological foundation stems from Probabilistic Latent Semantic Analysis (PLSA), a data analysis technique patented by Puzicha and Hofmann in 1999 following their research at the University of California, Berkeley. This core technology formed the basis of the firm's software, which specialized in enterprise search, information governance, and eDiscovery.

The company operated in the legal technology and information management markets, providing solutions for enterprise clients to analyze vast quantities of unstructured data. Its business model centered on a Software-as-a-Service (SaaS) platform and managed services, generating revenue through subscriptions. Recommind served a client base that included prominent corporations, major law firms, and governmental regulatory agencies. The firm's offerings were available as cloud-based, on-premise, or on-demand solutions.

Recommind's main product suite included Axcelerate for eDiscovery, Perceptiv for contract analysis, and Decisiv for enterprise search. The Axcelerate platform, in particular, was a cloud-based eDiscovery tool that allowed legal teams to manage review processes, perform early case assessments, and analyze data with machine learning. It offered features such as automated review prioritization and global smart redactions to streamline the discovery process. The platform was designed to give corporations and law firms more control over their discovery processes with predictable, subscription-based pricing.

A significant milestone in the company's history was its acquisition by OpenText Corporation in July 2016 for approximately $163 million. At the time of the acquisition, Recommind's solutions were projected to generate between $70 and $80 million in annualized revenue. The acquisition was part of OpenText's strategy to expand its Enterprise Information Management (EIM) capabilities, particularly in the areas of cloud, analytics, and eDiscovery. Following the acquisition, Recommind's products were integrated into the OpenText portfolio; for instance, Axcelerate was rebranded as OpenText eDiscovery.

Keywords: eDiscovery, information governance, contract analysis, enterprise search, predictive coding, legal technology, unstructured data analysis, Axcelerate, SaaS, big data analytics, information management, Decisiv, Perceptiv, probabilistic latent semantic analysis, OpenText, regulatory compliance, litigation support, knowledge management, text mining, data categorization