SOURCE: FrontBridge Technologies

March 24, 2005 08:00 ET

Regulatory Issues Evangelist Joins FrontBridge to Educate Companies on Mitigating Email Compliance and Litigious Risk

Message Archive Solution Successfully Prepares Customers for Regulatory Audits

LOS ANGELES, CA -- (MARKET WIRE) -- March 24, 2005 -- FrontBridge Technologies Inc. today announced the appointment of Bernard Goulet as its National Manager of Regulatory Affairs. Focused on spearheading email compliance education for the company, Goulet will kick-off his new role by hosting a series of international seminars, providing counsel to companies reviewing the requirements of more than 10,000 international regulations.

As regulations such as Sarbanes-Oxley and Gramm-Leach-Bliley in the United States to the Data Protection and Freedom of Information Acts in the United Kingdom place companies under intense pressure to modify antiquated email communication policies, FrontBridge's comprehensive hosted solutions help companies mitigate the risk of non-compliance. Current legislation stipulates extensive legal actions, fines, sanctions and possible jail time for organizations and their executives for violations related to the retention and monitoring of electronic communications. Strict enforcement in 2004 included fines and sanctions from the SEC and Federal Trade Commission, including multi-million dollar fines against several well-known financial services firms for failing to produce email to federal regulators.

"There are more than 10,000 regulations around the world and organizations will not be able to plead ignorance regarding applicable laws when enforcement agencies are knocking on their doors," Goulet stated. "FrontBridge aims to arm companies with the knowledge they need to successfully utilize outsourced services and protect against corporate malfeasance and potential legislation."

Goulet brings more than 15 years of securities experience with firms trading on the Chicago Board Options Exchange, The Pacific Stock Exchange and the Boston Stock Exchange to the FrontBridge team. While holding his recent position at George K. Baum in Kansas City, MO, Goulet prepared companies for initial and secondary public offerings, specifically with regards to navigating SEC rules. Goulet joins a seasoned team led by Kevin Merritt, vice president of archiving and compliance, that will be committed to email compliance education.

FrontBridge Helps Leading Companies Comply with Regulatory Audits

Regulatory compliance agencies, from the National Association of Securities Dealers (NASD) to the SEC, routinely perform audits on company procedures for storing, reviewing and supervising company messaging. In 2004 investment bank RSM EquiCo was audited by the NASD and successfully passed the messaging portions of the audit by implementing FrontBridge Message Archive service.

"Audits are notoriously difficult, but our use of FrontBridge's message archiving service was instrumental in making the audit process less painful for us," said John Dal Poggetto, vice president and chief compliance officer of RSM EquiCo.

FrontBridge Message Archive provides a set of pre-defined reports along with the ability to create custom reports in support of regulatory agency audits and reviews. For companies required to monitor, filter, search and report on electronic messaging, FrontBridge makes it easy for supervisors to quickly configure and filter messages for review.

To learn more about FrontBridge's Message Compliance services, visit http://www.frontbridge.com/services/message_compliance.php or contact a FrontBridge Sales representative at sales@frontbridge.com or by calling 877-301.8232.

About FrontBridge

FrontBridge delivers comprehensive Total Message Management services for email and instant message compliance, security and continuity, ensuring the safety, manageability and accessibility of all electronic communications. The service offering delivers message archiving, spam filtering, virus scanning, encrypted email, policy enforcement and disaster recovery. Services are powered globally by the only load-balanced, fully redundant data center network. FrontBridge is based in Los Angeles, Calif., and its managed services are trusted and relied upon by more than 3,000 businesses across the globe. FrontBridge maintains the managed service industry's largest distribution partner network, including IBM, NEC, Sprint, VeriSign, Siemens Business Services Inc., TELUS and Equant. For more information, visit us on the web at www.frontbridge.com

Contact Information

  • For More Information, contact:
    Mandy Mladenoff
    Senior Account Manager
    SHIFT Communications for FrontBridge
    415.591.8420
    mmladenoff@shiftcomm.com

    Jeremiah Glodoveza
    Marketing Communications Manager
    FrontBridge Technologies
    310.754.3773
    jeremiah@FrontBridge.com