ZyLAB Offers Risk Assessment Tools for Organizations Preparing for the Impending UK Bribery Act

    MCLEAN, VA, March 10, 2011 /24-7PressRelease/ -- ZyLAB, a leading provider of eDiscovery and Information Management solutions, today released its 8-Point Risk Assessment guide for organizations that are evaluating whether they have "adequate procedures" in place to prevent bribery. The 8-Point guide can be used independently to reveal potential weaknesses in information management protocol, or it can be used in combination with the ZyLAB Compliance & Litigation Readiness System to identify potential "hot spots" that warrant proactive steps to foster compliance with the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.

"Because the UK Act will be applied on an extraterritorial basis to offenses by UK citizens or commercial corporations that have a business connection to the UK, this is a good time for companies within its ambit to target and prioritize problem areas and consider whether they have 'adequate procedures' in place to prevent bribery," said Mary Mack, Esq., enterprise technology counsel for ZyLAB. "We can help organizations gauge the effectiveness of their information compliance programs for the future. We offer pattern or sentiment analysis and extraction to pinpoint specific locations that may require closer attention."

While the 8-Point Risk Assessment yields a roadmap for optimizing enterprise information management protocols, the ZyLAB Compliance & Litigation Readiness System provides a deep dive into actual enterprise data including the content of contracts, e-mails, voicemails and Tweets; the origination of that data can be plotted on a Google Map to help detect the branches, divisions, subsidiaries, or partners engaged in potentially risky activity.

"Even if a client doesn't know what words or names to look for, if they can articulate a concept, they can initiate a productive search with ZyLAB," continued Mack. "For example, we will retrieve all data that matches the pattern of 'somebody giving something to someone.'"

Under the impending UK Bribery Act, global companies with business connections to the UK will turn to technology to help them monitor ESI thoughout the company. This may involve sampling key custodians, active keyword or concept searching, or looking for patterns in the data which may suggest a violation. ZyLAB eDiscovery and information management software products can achieve those goals.

The free and self-administered "8-Point Inspection Guide" can be downloaded from the ZyLAB website. For a customized, confidential assessment or to pinpoint potential "hot spots" among your global operations, please call ZyLAB at 1-866-995-2262 ext. 827 or email us at [email protected].

About ZyLAB
ZyLAB's industry-leading, modular eDiscovery and enterprise information management solutions enable organizations to manage boundless amounts of enterprise data in any format and language, to mitigate risk, reduce costs, investigate matters and elicit business productivity and intelligence.

The ZyLAB eDiscovery system is directly aligned with the Electronic Discovery Reference Model (EDRM) and the company's products and services are used on an enterprise level by corporations, government agencies, courts, and law firms, as well as on specific projects for legal services, auditing, and accounting providers. ZyLAB systems are also available in a Software-as-a-Services (SaaS) model.

ZyLAB has received numerous industry accolades and is one of the few companies to be positioned as a Leader in Gartner's "Magic Quadrant for Information Access Technology" for 2007, 2008 and 2009. In addition, Gartner has given ZyLAB the highest rating ("Strong Positive") in its "MarketScope for E-Discovery and Litigation Support Vendors" for 2007, 2008 and 2009, as well as a "Promising" rating in its 2008 "MarketScope for Records Management".

Headquartered in Amsterdam, the Netherlands and McLean, Virginia, ZyLAB also serves local markets from regional offices in New York, Barcelona, Frankfurt, London, Paris, and Singapore. To learn more about ZyLAB visit http://www.zylab.com

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