SOURCE: EVault, Inc.

June 21, 2005 06:00 ET

EVault Introduces Compliance Solution for Securities Industry

Advanced Suite Includes Data Protection, Email Archival, and Business Continuity Repository

NEW YORK, NY -- (MARKET WIRE) -- June 21, 2005 -- SIA 2005 TECHNOLOGY MANAGEMENT CONFERENCE -- EVault, Inc., the leading provider of secure online backup and recovery solutions, today announced the availability of a complete end-to-end technology suite to assist securities firms with compliance and data protection initiatives.

The announcement was made at the Securities Industry Association's Technology Management Conference, the annual management education program on technology for securities firms, taking place this week in New York City.

The cornerstone of the offering is the EVault Protect online backup and recovery service. EVault Protect automatically encrypts, transmits, and stores daily copies of business-critical data off-site at one of EVault's secure tier-one data centers. Lost or corrupted data can be recovered online immediately with a few mouse clicks, eliminating the hassles and headaches associated with tape-based backup and physical storage devices. With more than 3,000,000 backups and 30,000 restores to-date, EVault is the industry-leader in providing easy to implement online backup and recovery solutions.

In addition to EVault Protect, customers can take advantage of the following value-added offerings in the new product suite. These include:

--  Email Archival Services: EVault ProMail™ is a managed service that
    captures, monitors, and archives email and instant messaging for
    organizations mandated to adhere to regulatory requirements and committed
    to a disaster recovery program. Customers have access to a three-year
    online regulatory archive, along with sophisticated email monitoring and
    search capabilities.
--  Business Continuity Planning and Monitoring: EVault's professional
    services team can assist with planning for disaster recovery and business
--  Business Continuity Plan Repository: OurEVault™ is a managed
    service that provides an online data repository where firms can upload or
    download critical files related to their business continuity plans in
    accordance with NASD Rule 3510. Documents are stored in EVault's secure
    data centers and can be retrieved instantly.
With the growth of data stored on computers, and the proliferation of SEC, NASD and Congressional regulations governing the confidentiality and retention of investor records, it is mandatory that securities firms have a reliable data protection and business continuity strategy. Thousands of financial and professional services firms rely on EVault's easy-to-use secure solutions to protect their critical customer and operational data.

"EVault's data protection solution has been an invaluable service for my business," said David Welty, president, Retirement Asset Management LLC. "In addition to storing important operational data, I depend on EVault to back up my entire customer database. My client and prospect data is the lifeblood of my business. EVault's online backup and recovery service gives me the peace of mind to know that I will be able to get my business up and running quickly after any data loss."

Pricing and Availability

EVault solutions can be installed on existing server and network infrastructure.

Additional EVault solutions are priced monthly and are based on the amount of storage used per month and the length of service contract. Additionally, a licensed software solution is available for larger multi-office enterprise accounts (250+ gigabytes) that desire to manage their backup and compliance operations in house.

EVault's products and managed services are available directly from EVault or through authorized resellers.

About EVault

Founded in 1997, EVault is the global leader of secure online backup and recovery solutions. Reliable data protection is a critical element of an organization's business continuity program. EVault addresses the entire data protection lifecycle with the simplicity and flexibility of centralized or online data backup, high availability for rapid recovery, and email monitoring and archiving for regulatory compliance.

More than 6,000 partners and customers -- including CUSA Technologies, SunGard Availability Services, the American Heart Association, law offices of Womble Carlyle, and Mechanics Bank -- trust EVault software and managed services as the cornerstone of their data protection strategies.

Contact Information

  • Press Contacts
    Erin Lutz
    Lutz Public Relations
    Email Contact