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ZipLip Releases Enhanced Discovery Module
Recent ZipLip Survey Shows that 30% of Companies Consider Advanced Search and Discovery Tools a Top Priority

SANTA CLARA, CA - April 4, 2005 - ZipLip, Inc., the technology leader in email archiving for compliance, today announced the official release of new Enhanced Discovery Module, part of the ZipLip Unified Archival Suite.

"Companies today are facing a "Catch-22" - regulations like SEC 17a-4 and Sarbanes-Oxley are mandating email retention of various degrees", said ZipLip CEO Kon Leong, "and at the same time, lawyers have recognized that corporate email is the repository for the proverbial "smoking gun." Since no company is immune to even the most frivolous of lawsuits, organizations can inoculate themselves against the expense of audits and discovery requests by proactively managing the data they're already required to keep."

Unfortunately, today's search and discovery solutions lack the horsepower and sophistication necessary to perform fast, accurate retrievals. Legacy systems based on old search engines and features are slow to return results and utilize little or no business intelligence when searching. Consequently, retrieval results include an enormous amount of extraneous, unrelated mails which often contain additional violations, risking greater exposure and higher penalty costs.

An internal ZipLip survey shows that 30% of companies consider search and discovery to be a top priority when choosing an email archiving solution. Of these companies, 25% said that the main driver for search and discovery functionality was to expedite review and audit processes, and still more to reduce legal discovery costs. Paper trails have become a thing of the past, discovery today almost always revolves around corporate email. Respondents were convinced that such processes should be a natural extension of an email archiving solution, and such features are vital to the organization.

The costs of discovery are enormous and well documented. An employee discrimination suit like Zubulake vs. UBS Warburg is a case in point. UBS Warburg only archived outgoing and incoming email for their registered traders on optical disk. The Zubulake discovery request sought internal mails which were stored on backup tapes. Recovery costs for a sample set of email on five initial backup tapes cost $19,003.43, or about $4,000 per tape. A second round of discovery requests resulted in additional costs of more than $100,000, before related litigation fees. ZipLip's Discovery Module enables companies to proactively index and manage their email stores, and can pay for itself in a single discovery.

"The discovery solution is rendered useless if customers are unable to rapidly search and locate emails when the need arises," continues Leong. "There is no point in storing all this corporate email if you cannot pull out exactly what you need, when you need it, in a matter of minutes."

ZipLip's Unified Email Archival Suite responds to today's challenges by offering easy-to-use electronic discovery capabilities that attorneys can use for complex litigation and governmental investigations.

New features in the Enhanced Discovery Module, on top of prior basic discovery tools, such as Advanced Search with Proximity and Context Sensitivity Matching, offer greater granularity and refinement of searches according to use within sentences, paragraphs, and whole documents. Audits tend to require compound searches, i.e. "all messages from Joe to Jane, sent between August-October 2003 with any of x, y and z phrases mentioned within 10 words of each other." ZipLip enables rapid, real-time, compound searches and can produce a found set within minutes, not hours or days. It doesn't stop there; searches can include wildcard possibilities in the case of misspellings, and be done across the header, body and email attachments.

Auto-Categorization and Search Metadata automates a firm's ability to dynamically categorize emails based on their contents, files, attachments, and headers by utilizing rules and a policy engine. Once categorized, emails can be searched under one or more categories. This generates higher business intelligence to each email beyond simple header search or full text search. Moreover, categories can also trigger specific actions such as automatically defining retention policy based upon category, deletion policy, special flags, attorney-client privilege, etc.

Simultaneous Cross-Alias Searching (Email address, IM ID, Bloomberg) enables companies whose users have multiple separate mailboxes and IM accounts avoid multiple, discrete searches. ZipLip aliasing enables a single search to poll multiple accounts tied to an individual user, saving valuable time and resources in the event of legal discovery and audits.

The Disclaimer-Auto Exclusion, streamlines ZipLip's pre and post-review functionality by preventing language used in disclaimers from being flagged for review. By their very nature, disclaimers tend to contain potentially sensitive wording which could be considered a compliance violation if found in the body of a message. By excluding the automatically generated disclaimer appended to messages, ZipLip prevents false positives and streamlines the reviewing process required for SEC and NASD compliance.

About the ZipLip Archiving and Discovery Survey
This survey was taken by 160 companies from the US, Europe, and Asia-Pacific, between January and March 2005. To obtain the survey results, please contact Genelle Hung at press@zlti.com.

About ZipLip, Inc.
Founded in 1999, and based in Santa Clara, California, ZipLip makes email archiving software which integrates compliance, legal discovery, storage offloading and knowledge management on a single system. Additional capabilities include secure email and secure files management. Enterprise customers include Walgreens, ADP, Hancock Bank, Furukawa, Morgan Keegan, PNB Financial, First Data Corp, Regions Bank, SI International, and many others. More information is available at www.ziplip.net.

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