SOURCE: ZipLip, Inc.

May 03, 2006 09:00 ET

ZipLip Announces Strategic Alliance With SGI Japan

SGI Japan Becomes Master Reseller to Provide SOX Compliance Solutions With "ZipLip Unified Archival Suite" in Japan

SAN JOSE, CA -- (MARKET WIRE) -- May 3, 2006 -- ZipLip, Inc., the leader in email compliance solutions, today announced a strategic alliance with SGI Japan. With this new relationship, which includes a significant equity investment in ZipLip, SGI Japan is now ZipLip's master reseller in Japan for ZipLip's Unified Archival product suite to Japanese customers. SGI Japan is a leading systems integrator with extensive reach in the Japanese enterprise marketplace through its partners and shareholders, including majority shareholder NEC, and others such as Canon Marketing Japan, Sony, NWS Co. (a Nomura-IBM JV) and Softbank Creative.

SGI Japan will spearhead a marketing campaign to enhance the ZipLip brand name in Japan, extending the reach of ZipLip's archiving and compliance offerings further into the local enterprise market.

SGI Japan is actively engaged in the enterprise security consulting business. ZipLip's solutions will enhance their security and compliance portfolio by offering comprehensive content lifecycle management for the upcoming Japan version of the Sarbanes-Oxley ("SOX") Act governing corporate compliance in the U.S.

In July 2002, SOX was implemented in the U.S. after the accounting misconduct of Enron and WorldCom. Realizing the importance of global corporate governance policies and regulatory compliance, Japan is readying corporations for its own version of SOX, expected to become law by 2008, to ensure domestic businesses comply with stringent requirements for reporting and record-keeping.

"ZipLip is excited to have reached this agreement with SGI Japan," says Kon Leong, CEO of ZipLip. "SGI Japan's extensive reach within Japanese organizations, paired with our expertise in email compliance, make this an ideal partnership. This well-timed collaboration will prepare Japanese corporations for compliance with new regulations surrounding records retention."

Key Features and Benefits of ZipLip Unified Archival Suite

--  Email retention for compliance -- Corporations can store, index and
    search across every email received and sent within the organization, across
    any length of time for unprecedented email content control.
    
--  Email content and IP control -- Corporations can monitor and control
    intellectual property flowing into and out of the corporation, and stop
    problem emails before they are sent out.
    
--  Email storage reduction for email servers -- Corporations can offload
    large emails and attachments from email servers to the ZipLip archive,
    reducing storage by as much as 80%, improving server performance, and
    reducing backup-and-restore time. Users can still retrieve offloaded data
    on-demand.
    
About ZipLip

Founded in 1999, ZipLip makes email archiving and compliance software, integrating compliance, discovery, storage offloading and knowledge management on a single system. Additional capabilities include secure email and secure file management. Customers include Bank of New York, Pacific Life, Morgan Keegan, Regions Bank, Walgreens, etc. More information is available at www.ziplip.com.

About SGI Japan

SGI Japan provides "best-of-breed" solutions for customers from a broad range of products centering on its core competencies -- scalability, visualization, media broadband, and data management. More information is available at http://www.sgi.co.jp.

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