Nextpoint, a company specializing in cloud-based technology for the legal industry, has proved its leadership in software-as-a-service for regulatory, compliance, and litigation processes by achieving U.S. Patent number 8,447,731.
The company’s proprietary technology has been developed on a cloud computing architecture and is delivered in a software-as-a-service model. With the award of this patent, Nextpoint is now entitled to use virtualized computing resources for storing, processing and accessing electronic data in support of litigation processes.
The patent demonstrates the company’s research and development efforts to leverage virtualized compute resources and support data across the entire litigation lifecycle. This technology is the foundation for Nextpoint’s suite of integrated software-as-a-service offerings: Cloud Reservation, Discovery Cloud and Trial Cloud.
Speaking more about this new litigation technology, Rakesh Madhava, Nexpoint’s founder, CEO, and co-inventor named in the patent, said in a statement, “The on-premises 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… 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.”
This patent addressesstoring litigation-related data in a virtual storage location, parsing electronically stored information (ESI (News - Alert)) for processing, extracting text and metadata using a cloud-computing architecture and making this data available to users via the Internet
Rakesh Madhava, CEO of Nextpoint, said, “While it is now industry vogue to be ‘in the cloud,’ that certainly wasn’t the case eight years ago. 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.”
To learn more about individual and company patents and intellectual property, attend the Synopsis under IP/Patents Telecom Sourcing (SUITS) conference at the Mandalay Bay Resort & Casino Conference Center in Las Vegas, Nevada on August 26-29, 2013.