Bear Stearns Selects IMlogic as Enterprise Solution for Instant Messaging Management.Business Editors/High-Tech Writers BOSTON--(BUSINESS WIRE)--Dec. 3, 2002 IMlogic IM Manager Enables SEC Compliance Through Archiving, Securing, Reporting, and Provisioning Access Rights for IM Messages IMlogic Inc., a leading provider of enterprise infrastructure software solutions for the rapidly growing 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 (IM) market, today announced that Bear, Stearns & Co. Inc., a leading global investment banking, securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the and brokerage firm, has chosen IMlogic IM Manager as a solution for managing and archiving IM traffic within its organization. IMlogic IM Manager is the first enterprise-class Instant Messaging management solution designed to meet the most rigorous demands of enterprise IT organizations, bringing SEC compliance, control, reporting, security and authentication to traditionally unmonitored and uncontrolled IM networks. Bear Stearns has deployed IMlogic's technology in order to satisfy Securities and Exchange Commission (SEC) and 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 NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ) archiving and reporting requirements as they relate to IM. IM Manager provides enterprise-class archiving, logging, reporting, security and support for "Chinese Walls" required to fulfill these regulatory requirements. "Bear Stearns is one of the world's leading financial services firms, and its deployment of IM Manager validates the importance of IM as a business tool, and the value of IM Manager in properly managing its use," said Francis de Souza, 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 IMlogic. "We believe that companies such as Bear Stearns view IM management as the first step towards building a comprehensive enterprise IM strategy." IMlogic IM Manager is designed for enterprises requiring a robust IM management solution that deploys seamlessly, integrates with existing IT infrastructure, and offers high performance and scalability. IMlogic IM Manager deploys without requiring client configuration, new desktop software, or a change in user behavior; leverages existing directory systems, data storage, and e-mail archiving systems; supports multiple IM networks and enterprise IM servers such as AOL Instant Messenger See AIM. , MSN Messenger, Yahoo! Instant Messenger, IBM Lotus Sametime Lotus Sametime is an enterprise instant messaging and web conferencing application sold by the Lotus Software division of IBM. Lotus Sametime provides enterprise instant messaging functionality, presence information, and web conferencing. , and Microsoft Exchange 2000 Instant Messenger; seamlessly upgrades to Microsoft Windows. NET IM server infrastructure; and scales to meet global enterprise IT performance requirements. About IMlogic Inc. IMlogic, Inc., headquartered in Boston, Mass, is a pioneer in delivering enterprise-class infrastructure software that helps companies control and leverage the use of Instant Messaging (IM), the world's fastest growing communications medium. IMlogic's strategic vision provides organizations a comprehensive approach for incorporating IM capabilities in business-critical communications and applications. The company's first offering, IMlogic IM Manager, lets enterprises secure, control, and report on IM usage while satisfying regulatory and compliance requirements set by HR and government agencies (SEC, HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, ). IMlogic is backed by leading 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] General Catalyst and Kodiak Venture Partners. For more information on IMlogic visit www.imlogic.com. |
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