SEC Awards $29.9M EASE Contract to Casepoint, LLC for Electronic Discovery and Storage

Contract Overview

Contract Amount: $29,895,074 ($29.9M)

Contractor: Casepoint, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2024-07-31

End Date: 2026-07-31

Contract Duration: 730 days

Daily Burn Rate: $41.0K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 4

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: ELECTRONIC DISCOVERY APPLICATION AND STORAGE ENVIRONMENT (EASE)

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20549

State: District of Columbia Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $29.9 million to CASEPOINT, LLC for work described as: ELECTRONIC DISCOVERY APPLICATION AND STORAGE ENVIRONMENT (EASE) Key points: 1. The contract is for an Electronic Discovery Application and Storage Environment (EASE). 2. Casepoint, LLC is the sole awardee for this delivery order. 3. The contract has a duration of 730 days, ending July 31, 2026. 4. The total award value is $29,895,074. 5. The NAICS code is 511210 (Software Publishers).

Value Assessment

Rating: good

The award value of $29.9 million for a 2-year contract for electronic discovery software and storage appears reasonable given the specialized nature of the service. Benchmarking against similar government contracts for e-discovery platforms would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, suggesting a competitive bidding process. This method is expected to yield fair market prices and ensure the government receives the best value.

Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently by securing competitive pricing for essential software and storage services.

Public Impact

Enhances SEC's ability to manage and review electronic evidence for investigations and litigation. Supports regulatory compliance and enforcement activities by providing robust discovery tools. Ensures secure and efficient storage of sensitive electronic data. Impacts legal and compliance professionals within the SEC.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for vendor lock-in if not managed carefully.
Reliance on a single vendor for critical discovery infrastructure.

Positive Signals

Awarded under full and open competition.
Clear contract duration and award value.
Supports critical SEC functions.

Sector Analysis

This contract falls within the Software Publishers sector, specifically for electronic discovery solutions. Government spending on e-discovery tools has been increasing due to the growing volume of digital data in legal and regulatory contexts.

Small Business Impact

The data does not indicate whether small businesses were involved as subcontractors or partners in this award. Further analysis would be needed to determine small business participation.

Oversight & Accountability

The Securities and Exchange Commission is responsible for overseeing this contract. Standard oversight mechanisms for federal contracts, including performance monitoring and financial audits, should be in place to ensure accountability.

Related Government Programs

Software Publishers
Securities and Exchange Commission Contracting
Securities and Exchange Commission Programs

Risk Flags

Potential for vendor lock-in.
Reliance on a single vendor for critical infrastructure.
Data security and privacy risks associated with sensitive electronic evidence.
Ensuring continued innovation and feature updates from the vendor.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $29.9 million to CASEPOINT, LLC. ELECTRONIC DISCOVERY APPLICATION AND STORAGE ENVIRONMENT (EASE)

Who is the contractor on this award?

The obligated recipient is CASEPOINT, LLC.

Which agency awarded this contract?

Awarding agency: Securities and Exchange Commission (Securities and Exchange Commission).

What is the total obligated amount?

The obligated amount is $29.9 million.

What is the period of performance?

Start: 2024-07-31. End: 2026-07-31.

What is the specific functionality and scope of the EASE platform being procured?

The EASE platform is designed to provide comprehensive electronic discovery capabilities, including data processing, review, analysis, and production. It supports the SEC's need to manage vast amounts of electronic information for investigations, litigation, and regulatory enforcement actions, ensuring efficient and secure handling of sensitive case data.

What are the key performance indicators (KPIs) for this contract to ensure effectiveness?

Key performance indicators likely include system uptime and availability, data processing speeds, search accuracy, user support response times, and data security compliance. Regular performance reviews against these KPIs will be crucial for ensuring the EASE platform effectively meets the SEC's operational requirements and provides value.

How does the pricing structure compare to industry benchmarks for similar e-discovery solutions?

While the total award value is provided, a detailed pricing breakdown per user or per terabyte would be needed for a robust benchmark comparison. Given the full and open competition, it is presumed the pricing is competitive, but external market analysis of similar government and commercial contracts is recommended for validation.

Industry Classification

NAICS: Information › Software Publishers › Software Publishers

Product/Service Code: IT AND TELECOM - APLLICATIONS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 4

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1101 17TH ST NW FL 12, WASHINGTON, DC, 20036

Business Categories: Category Business, Limited Liability Corporation, Minority Owned Business, Partnership or Limited Liability Partnership, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $80,769,527

Exercised Options: $30,083,651

Current Obligation: $29,895,074

Actual Outlays: $19,667,885

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QTCA18D00BZ

IDV Type: FSS

Timeline