Akonix Selected by Persist Technologies to Deliver Combined Email and Instant Messaging Compliance Solution.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--June 30, 2003 New Solution Assists Financial Institutions in Complying With SEC and NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Regulations for Management and Retention of Electronic Communications Akonix Systems, Inc., the first company to make public instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or safe, secure and manageable for use in corporate networks, today announced a partnership with Persist Technologies to bring financial institutions, healthcare organizations and other businesses a complete solution for archiving and retrieval of electronic communications. Under the terms of the partnership, Akonix will integrate Akonix L7 Enterprise, a public instant messaging (IM) management gateway, with Persist's AppStor(TM) proprietary storage and retrieval software, which creates a simple, low-cost archiving solution. When integrated with Akonix L7, AppStor enables a complete storage, archiving, and security management solution for all types of electronic communications, including email, voice, data, video, as well as instant messaging. The combined product will allow organizations, such as financial institutions, to easily collect, organize and retrieve archived public IM and email messages from a single, comprehensive data store. "PERSIST has introduced breakthrough technology that greatly simplifies data storage," said Paul O'Brien Paul O'Brien (born April 14 1978) is a Logie Award winning actor from South Africa. Although born there, Paul grew up in Australia as well as Mauritius. He currently plays Jack Holden on the Australian television soap opera Home and Away. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of PERSIST Technologies. "Akonix L7 offered what we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. from an IM partner -- unique functionality, compatibility with all major public IM protocols, and strong security orientation. Its integration with AppStor gives our OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and licensees and end users a complete enterprise compliance solution for archiving electronic communication." Financial institutions are today facing increased scrutiny from regulators over the retention and archiving of electronic communications. Both the Securities Exchange Commission (SEC), and the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. (NASD) require that financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organizations retain and archive electronic communications with customers and business-related parties for a duration of three years. The NASD recently expanded this requirement specifically to cover instant messaging. These communications must be easily accessible, indexed and stored on non-erasable, non-rewriteable media. In addition, the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange ) has stipulated that members and member organizations must ensure that all communications whether electronic or otherwise, including e-mails and instant messages, must be retained to be in compliance with NYSE and SEC regulations. "Financial services firms have embraced the use of instant messaging as a valued business communication tool, making the task of compliance more complex," said Peter Shaw, CEO of Akonix. "By integrating a full-featured IM management gateway with Persist's AppStor, customers benefit from a scalable enterprise solution that meets the rigorous IM security requirements of enterprise IT organizations, and enables rapid compliance with SEC, NASD and Sarbanes-Oxley regulations." Akonix solutions support all major public IM networks and protocols, and easily integrate with enterprise Instant Messaging offerings including IBM's Lotus Sametime. Akonix security features prevent the gateway from being bypassed, guaranteeing IM message capture and logging. Active policy management features prevent compliance violations, while automatic user discovery authenticates IM screen names with corporate network identify profiles for accurate user security policy management and compliance monitoring. About Akonix Akonix Systems, Inc., headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , is an award-winning provider of enterprise software that transforms public Instant Messaging (IM) into a safe, secure and manageable business-critical application. The company's offerings help corporations; public and private institutions and universities monitor, block and manage both public IM and Peer-to-Peer (P2P See peer-to-peer and point-to-point. ) file sharing Copying files from one computer to another. See peer-to-peer network, file sharing protocol and file and printer sharing. . Backed by three premier venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , the company protects enterprise networks from the dangers of unmanaged public IM and P2P file sharing. Akonix Rogue Aware 1.5 is available for free download and monitors and reports on P2P and public IM use within an enterprise network. Akonix Enforcer protects organizations by preventing unauthorized use of P2P file sharing and public IM. Akonix L7 Enterprise enables corporations to secure, manage and report on IM usage, while satisfying Federal, industry and corporate compliance requirements. Free trials of all of the products are available for download at www.akonix.com/freetrial. For more information, visit the company's Web site at www.akonix.com. About PERSIST Technologies, Inc. PERSIST Technologies, Inc. is the leader in storage appliance software and solutions that significantly simplify storage and lower the total cost of ownership, while empowering enterprises with immediate and intelligent access to critical information assets. The company's innovative, exponentially scalable, and application-agnostic technology architecture provides a new and exceedingly effective paradigm for managing information growth. PERSIST solutions optimize business productivity, market responsiveness and competitive advantage, while providing legal and regulatory compliance protections. PERSIST licenses its AppStor(TM) software to leading OEM enterprise platform providers and application developers, and markets directly to enterprises in conjunction with its hardware partners. For more information about PERSIST Technologies, visit www.persistcorp.com. Akonix is a registered trademark of Akonix Systems, Inc. All other trademarks, tradenames, service marks, service names and images mentioned and/or used herein belong to their respective owners. |
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