Today at Legalweek, Relativity Trace, a proactive compliance monitoring app built on top of the Relativity platform, announced a new partnership with Globanet.
By adding Merge1's suite of over 40+ data source connectors, Relativity Trace can now automatically ingest those data sources directly. The new integration will allow Trace users to review content from major communication sources and financial chat platforms like Bloomberg, Reuters, and Symphony, enterprise chat systems like Skype and Slack, and file sharing and collaboration applications like OneDrive, Box and Microsoft SharePoint.
The partnership with Globanet further expands Trace's capabilities by adding the most important data sources for customers in highly regulated industries like banking and investment management. With Globanet's technology, users will be able to configure their Trace workflow to proactively capture data from frequently used communication sources. Trace then automatically extracts and indexes relevant text, and runs automated searches to flag high-risk content to compliance teams. It is now faster and easier for them to deal with increased data volumes and sources and to detect nefarious activity.
"The partnership with Globanet allows us to offer a complete end-to-end solution for proactive compliance out of the box with Relativity Trace," said Jordan Domash, General Manager of Relativity Trace. "You can now go from email or chat to alert in an e-discovery grade platform without any manual intervention needed."
The integration represents the first time that compliance teams will be able to consume data from many critical sources without any manual manipulation. Coupled with the power of the larger Relativity platform, organizations will now be able to leverage the power of a single system to move from alert to investigation and all the way through the full lifecycle for e-discovery.
"It was a natural choice to strike this strategic partnership with Relativity Trace, in part because of the company's proven track record in regulated markets and their technology leading compliance monitoring app along with their Relativity platform," said Sevag Ajemian, CEO of Globanet. "Through our new technology partnership with Relativity Trace, we'll jointly answer the need for the increasing number of new communication channels in use by modern organizations requiring a true, all-encompassing compliance and e-Discovery solution."
If you're interested in learning more about Relativity Trace, you can visit the Relativity Pavilion during Legaltech New York for a hands-on demo.
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