SOURCE: Socialware

Socialware

December 06, 2010 10:08 ET

Socialware Named as Top Tech Company to Watch

Bank Technology News Recognizes Socialware for Enabling Financial Firms to Embrace Social Media Sites

AUSTIN, TX--(Marketwire - December 6, 2010) - Socialware, the leader in social media compliance, today announced it has been selected by Bank Technology News as one of the Top Ten Technology Companies to Watch. The company was recognized for its technology, which is helping more than 55 financial brands engage in social media through its Socialware Compass solution, which allows companies to tailor and enforce their social media policy, moderate employee posts and tweets, and archive social data, enabling compliant, secure social media usage. The publication recognized the company's innovation in helping financial services firms navigate and create the future of the industry, as well as its potential to change the current technology landscape. The company was specifically chosen for its novel approach to content moderation, in which customers can create unique rules around terms and phrases, turn off specific functionality on social sites (i.e. Facebook Chat, LinkedIn Recommendations) and its ability to flag posts or tweets that violate a firm's policy in real-time.

"Over the last year, we've seen financial firms accelerate their move from social media prohibition to participation -- a shift much like email was 10 years ago, but much more rapid," said Chad Bockius, CEO of Socialware. "While this shift is a step in the right direction, there is still so much potential to unlock for firms to engage and connect not just with customers, prospects and partners, but also across the organization. We are extremely proud to accept this award as validation of our innovative solutions and game-changing approach."

The company, which launched out of stealth in December of 2009, added 25 new financial services customers in the third quarter of 2010 and has seen a 250% increase in growth over 2009. Socialware currently services 11 of the top independent broker dealers in the nation, a top-five wealth management firm, visionary banks, as well as many other major financial brands. Socialware has also expanded its strategic partnerships in order to best serve its financial services customers, having signed agreements with innovative messaging and discovery vendors, including LiveOffice, Smarsh and GlobalRelay, as well as global financial associations like LIMRA. Moreover, Socialware was recognized by Gartner as a Cool Vendor in Cloud Security Services in April of 2010.

The Top Tech Companies to Watch award winners, including Socialware, can be found in the December issue of Bank Technology News. For more information on Socialware Compass, please visit http://compass.socialware.com/.

About Socialware
Based in Austin, Texas, Socialware bridges the gap between the enterprise and social networks to transform the way that companies and their employees engage and communicate with clients, partners and one another. Leveraging the industry's first Social Middleware platform, Socialware's technology allows companies to transform public social networking sites like Facebook, Twitter and LinkedIn into enterprise-grade channels within the framework of their existing business processes. You can find out more about Socialware at www.socialware.com, as well as on Twitter: @Socialware. You can also read their blog: http://blog.socialware.com/.

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