Press Releases

Mitratech Offers Subscription Pricing for TeamConnect On-Premise Solution

Innovative Pricing Hybrid Delivers Needed Financial Flexibility for Legal Operations Management

LOS ANGELES, CA – MAY 21, 2009 – Mitratech, the leader in collaborative accountability and legal operations management applications, today announced that it will offer its clients subscription-based pricing for on-premise deployments of the company’s TeamConnect software. Adding to Mitratech’s existing on-premise, hosted, and Software-as-a-Service (SaaS) offerings, this pricing innovation effectively blends the power of the company’s enterprise solution with the flexibility of SaaS economics.

“Our clients are being pressed to perform more than ever, especially during the current economic climate,” said Afshin Behnia, CEO of Mitratech.  “In this environment, our goal is to provide our clients the solutions they need to maximize control and visibility of  their legal, compliance, and regulatory operations, but with a pricing option that helps their bottom line and minimizes capital expenditure.”

Indeed, in the legal operations area, the current recession has seen a simultaneous spike in litigation workloads facing corporations despite a 20% average cut in legal spend.   Mitratech’s legal operations management products offer an effective solution to this challenge.  TeamConnect Legal Suite enables corporations and government agencies to optimize their oversight of litigation and other legal matters, while simultaneously driving down the costs of running a legal department.  The Suite, which includes modules for matter management, e-billing, litigation holds, and service-of-process management, is used by many of the world’s largest corporations to manage complex legal operations.

For many organizations, there are a number of policy related advantages to on-premise installation, including the ability to personally secure key corporate data, set privacy policies, and physically control their systems.  However, with this new pricing model, TeamConnect clients will enjoy these capabilities along with the reduction of capital expenditures and the cash flow benefits of SaaS pricing.

About Mitratech
Mitratech provides market-leading Collaborative Accountability Applications for businesses and their trusted partners. With team-oriented domain applications in legal process automation, governance, risk, compliance and security, Mitratech's TeamConnect Collaborative Accountability Suite improves transparency of financial reporting, reduces exposure to risk, and boosts operating discipline, information security and the efficiency of enterprise processes. The company’s Collaborati browser application also meets the accountability and collaboration needs of proliferating extraprise teams, wherein vendors, partners and service providers often have to be included in sensitive teamwork projects such as electronic billing, legal hold and collaborative budgeting, or those which expose businesses to liability. www.mitratech.com

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Media Contact:
Tania Kempf
Tool Guy PR
650. 281.7556
tania@toolguypr.com

Company Contacts:
Hugh Taylor
323.900.1723
Hugh.taylor@mitratech.com

Shirin Behnia
323.900.1956
shirin.behnia@mitratech.com