EDD: Issues, Law, and Solutions: MAY BRINGS RICH C-LEVEL EXPERIENCE IN INDUSTRY AND PHILANTHROPY TO HIGH-TECH STARTUP BEYONDRECOGNITION

Wednesday, June 13, 2012

MAY BRINGS RICH C-LEVEL EXPERIENCE IN INDUSTRY AND PHILANTHROPY TO HIGH-TECH STARTUP BEYONDRECOGNITION

Germantown, TN: (May 30, 2012). John Martin, founder and CEO of BeyondRecognition, LLC, today stated that, ”BeyondRecognition is pleased to announce that Ken May will be providing business development guidance for BeyondRecognition as it pushes its innovative image-based document analysis technology into key markets like mortgage and loan processing, and the oil and gas industries.” BeyondRecognition’s breakthrough integrated workflow enables companies to obtain actionable intelligence from image-based and electronic format documents at a fraction of the cost associated with manually reviewing and abstracting paper files and often with higher accuracy and reliability.

Martin continued, “BeyondRecognition’s core competencies lie in document processing and analysis, and Ken brings an incredible wealth of experience managing FedEx Kinkos, one of the largest and most wide-spread document copying and handling operations in the world, as well as planning and managing some of the most highly automated decision-support systems in the world. He also has a wealth of C-level contacts at companies across America from his many years of service as Chairman of the National Board of Trustees for the March of Dimes. We look forward to being able to capitalize on his rich experience, energy, and industry knowledge.”

Ken May commented, “I have had the opportunity over the years to review many exciting technologies at all sorts of start-ups and emerging market leaders, but I was especially struck at how innovative BeyondRecognition’s technology is and at the incredible value it offers companies that are faced with needing to analyze and process large volumes of paper-based records. This is particularly true in industries like home loan processing where the documents in the underlying files are typically not all or even mostly electronic. The need to process existing back files of loan documents and to eventually automate the new loan initiation process represents an enormous potential. I look forward to helping spread the message about this important new technology.”

About Ken May

Beginning as a manager of hub operations for FedEx in 1982, May served in various management positions, becoming VP, Global Operations Scheduling and Control in 1996. He then served as Sr. VP, Air-Ground and Freight Services 1997 to 1999, was Sr. VP US Operations from 1999 to 2004, COO at FedEx-Kinko’s Office and Print Centers from 2004 to 2006, and was President and CEO at FedEx-Kinko’s Office and Print Centers from 2006 to 2008.

May served as Chairman of the National Board of Trustees at the March of Dimes from 2007 to 2011, and was President of ES3, LLC, the third-party logistics subsidiary of C&S Wholesale Grocers, the eighth-largest privately held company in the US by revenue from 2010 to 2011. From 2011 to 2012 he was President and COO at Krispy Kreme Doughnuts.

May has been a director of PF Chang’s China Bistro since May 2007, and serves on the Board of Directors of Greystone Medical Group.

For more about Ken May, see http://en.wikipedia.org/wiki/Ken_may.

About BeyondRecognition

BeyondRecognition has developed unique character, word and document attribute recognition and extraction capabilities for analyzing image-based documents. Its glyph clustering and cataloging approach enables rapid, globally-editable text recognition with accuracy rates far beyond traditional OCR. BeyondRecognition also clusters documents based on visual similarity and permits location-based, cluster-specific data element extraction for coding or abstracting data elements from the documents. Clustering by document type permits prioritized data element extraction using the powerful graphical user interface to highlight zones, and to write and instantly test and verify extraction rules.

Although nominally a “startup,” the principal technologists at BeyondRecognition have been working in the fields of document conversion, electronic evidence forensics and processing for decades. CEO John Martin was a founder of Cricket Technologies, LLC and RedFile LLC.

For more information, visit www.BeyondRecognition.net.

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1. Electronically stored information is potentially discoverable under Fed. R. Civ. P. 34 or its state equivalents. Organizations must properly preserve electronically stored information that can reasonably be anticipated to be relevant to litigation.
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13. Absent a specific objection, party agreement or court order, the reasonable costs of retrieving and reviewing electronically stored information should be borne by the responding party, unless the information sought is not reasonably available to the responding party in the ordinary course of business. If the information sought is not reasonably available to the responding party in the ordinary course of business, then, absent special circumstances, the costs of retrieving and reviewing such electronic information may be shared by or shifted to the requesting party.
14. Sanctions, including spoliation ﬁndings, should be considered by the court only if it finds that there was a clear duty to preserve, a culpable failure to preserve and produce relevant electronically stored information, and a reasonable probability that the loss of the evidence has materially prejudiced the adverse party.
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