Archive Earns Andersen's eSure Certification for Transaction Processing and Information Protection; Certification Assures Customers of Data Integrity.Business Editors/High-Tech Writers CULVER CITY Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. , Calif.--(BUSINESS WIRE)--April 3, 2001 Archive Inc., enabling enterprises to efficiently capture, preserve and act upon information critical to their business, today announced that its business principles concerning transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and information protection have been reviewed and tested by Arthur Andersen LLP LLP - Lower Layer Protocol , a leading global professional services firm, as part of its eBusiness Assurance services. Over a period of several months, the Andersen team worked with Archive to first understand its business, technologies, and processes, and then test the business policies and practices specific to transaction processing accuracy and information protection and privacy. "We engaged Andersen to provide assurance to our customers and partners that we adhere to the highest standards of accuracy, security and privacy," said Jim McDermott, chief executive officer and co-founder of Archive. "We are committed to providing our users with a world-class information management solution, whereby they can maximize the value of their information without jeopardizing the integrity of it." The Archive Solution, offered as a fully supported hosted application, empowers companies to improve information access, enhance communication and ensure legal compliance. Current commerce platforms and existing enterprise systems are not equipped to capture and preserve the terabytes of data passing through them on a growing scale. Archive combines a scaleable XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. engine with a highly available, distributed network to securely index and contextualize con·tex·tu·al·ize tr.v. con·tex·tu·al·ized, con·tex·tu·al·iz·ing, con·tex·tu·al·iz·es To place (a word or idea, for example) in a particular context. information critical to conducting business internally or between customers and partners. "Andersen's eBusiness Assurance services help application service providers such as Archive establish trust with customers and partners. We act as an independent source to assess their business policies and practices and assure their customers and partners of their compliance and commitment to them," said Greg Pitzer of Arthur Andersen LLP. "Archive's management has the utmost confidence in the systems it has developed and the solution it is offering to their customers. As proof of that confidence, they voluntarily hired our firm to `audit' their compliance. After extensive examination, we determined that the statements in Archive's Report on Transaction Processing and Information Protection are in material conformity with their actual practices." Archive's statements and Andersen's report are available at www.archive.com/eSure.html. About Andersen Andersen's vision is to be the partner for success in the new economy. The firm helps clients find new ways to create, manage and measure value in the rapidly changing global economy. With world-class skills in assurance, tax, consulting and corporate finance, Andersen has more than 77,000 people in 84 countries who are united by a single worldwide operating structure that fosters inventiveness, knowledge sharing and a focus on client success. Since its beginning in 1913, Andersen has realized 87 years of uninterrupted growth, with 2000 revenues of US$8.4 billion. About Archive Archive provides an information management platform enabling enterprises to capture, preserve, analyze, and act upon information efficiently. The Archive solution is designed to improve access to business information, enhance communication and ensure legal compliance. Established in December 1999 by the four founders of Stamps.com, Archive's investors and partners include Mayfield Fund; Oracle (Nasdaq:ORCL ORCL Oracle (stock symbol) ); EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. (NYSE NYSE See: New York Stock Exchange :EMC); EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. (NYSE:EDS); Silicon Valley Bancshares, the holding company of Silicon Valley Bank (Nasdaq:SIVB SIVB Society for In-Vitro Biology ); Innocal Venture Capital; and Rare Ventures, the venture capital arm of Rare Medium Group Inc. (Nasdaq:RRRR RRRR Raritan River Rail Road RRRR Rare Medium Corp. (NASDAQ stock symbol) ). Archive is privately held and located in Culver City, Calif. For more information on Archive, visit the company's Web site at www.archive.com. |
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