SiVault Systems and Technology Alliance Group Announce Strategic Partnership; SiVault Systems and TAG to link data centers.
This linkage will give both companies remotely located, highly secure, high availability data center capability to utilize in the event of a catastrophic shut down of either of their respective main data centers.
"We believe that the redundant capability of TAG's and SiVault Systems' world-class secure data center infrastructures will enable us both to offer our business services in a non-stop seamless manner, regardless of natural or man-made disasters affecting either of our main data centers," said Dave Lawson, TAG's President and CEO.
TAG is an established data management company, servicing mission critical applications across all Lines of Business in its data center since 1994, TAG's core business strengths have always been in the areas of providing traditional mainframe outsourcing and a suite of disaster backup and recovery services for banking, healthcare, insurance and communications companies around the world. TAG has further leveraged its Data Center infrastructure, its 24 x 7 operations and vast experience levels to also provide a superior suite of Managed Hosting Services, security measures and remote Monitoring for users of the Internet which is now realized to be a very public, unsecured and in many ways a dangerous worldwide network.
"Many of our respective customers today and in the future will require high availability, full redundancy and fail over capabilities to their data 24 hours a day, without exception and with no compromises to the security of their stored or transacted data. This strategic partnership between SiVault Systems and TAG will provide our customers with further assurance of non-stop transaction processing services in the healthcare, retail, financial, and government sectors," stated SiVault Systems' President and Chief Executive Officer Emilian Elefteratos.
SiVault Systems, which is a recognized leader in the secure storage and retrieval of signed documents and biometric signature-based authentication for processing online transactions, is meeting the growing market demand for cost savings and efficiencies in the retail, government, financial services and healthcare sector. TAG also brings significant experience in the areas of Stored Value, Debit and Gift card processing as well as Merchant processing.
About SiVault Systems (www.sivault.com)
Founded in 1999, SiVault Systems is a recognized leader in the secure storage and retrieval of signed documents and biometric signature-based authentication for processing of online transactions. SiVault Systems' services are compliant with regulations and standards in the retail and healthcare industries for authentication, authorization, transmission and storage of data. For more information, visit the companies' web site at http://www.sivault.com.
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995:
This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. SiVault Systems, Inc. cautions readers that statements regarding this transaction, the timing of such a transaction and any other future aspect relating to such a transaction are forward-looking statements and are based on management's current expectations, estimates and projections. Words such as "expects", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks and uncertainties, including the Company's ability to market its products and services in a competitive environment, as well as other factors, many of which are beyond the Company's control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. For additional information on these uncertainties, please see the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. SiVault Systems and its logo are trademarks of SiVault Systems, Inc. All other trademarks are the property of their respective holders.