SOURCE: BoardVantage

May 06, 2008 07:30 ET

BELCO Holdings Selects BoardVantage

Enhances Access to and Security of Board Materials

MENLO PARK, CA--(Marketwire - May 6, 2008) - BELCO Holdings Limited, the holding company for Bermuda Electric Light Company Ltd. (BELCO) and Bermuda Gas & Utility Company Ltd., has selected BoardVantage. BELCO Holdings will use BoardVantage to provide an encrypted, but fully searchable repository of board materials, while streamlining the process and distribution of board books.

Christian Blais, BELCO Vice President of Information Technology, said, "We have a progressive board who would like to receive materials electronically, but without any compromise to security. BoardVantage impressed us with their investment and track record in all aspects of security, including audited internal processes, third-party process reviews and SAS70 Type II certification."

"Also, given the volume of our board materials, BoardVantage's full text search ability on encrypted content is a valuable feature for us," he added.

"If a board portal is to become an effective governance tool it first needs to meet the standards and best practices of enterprise IT departments," said Joe Ruck, President & CEO, BoardVantage. "Given the size of our investments in security, it's gratifying to see our lead recognized by a prestigious company such as BELCO Holdings. We look forward to providing the very best in service to them."

About BELCO Holdings Limited

BELCO Holdings Limited is an investor-owned holding company incorporated in 1995 to provide a structure for diversification. Its mission is to maximize shareholder value through investment in energy and utility related services, thereby consolidating its leadership position in the energy business and expanding the overall services it provides.

BELCO Holdings Limited shares trade on the domestic main board of the Bermuda Stock Exchange (BERMUDA: BELCO BH). For further information, please visit www.belcoholdings.bm

About BoardVantage

BoardVantage is the leading provider of secure portals and communications, with 175 customers -- including 20 Fortune 100 companies. BoardVantage provides a secure and user-friendly Web portal for centralizing board documents, processes and communications. It also provides productivity tools for creating and distributing board materials efficiently. BoardVantage is SAS 70 Type II certified, and meets or exceeds the standards of the most security conscious IT departments, including those of major financial institutions. To learn more, visit http://www.boardvantage.com/.

All trademarks, trade names or service marks used or mentioned herein belong to their respective owners.

Contact Information

  • BoardVantage Media Contact
    Maria Krinsky
    KickStart Consulting, for BoardVantage
    415-509-0498
    Email Contact