SOURCE: ZipLip, Inc.

October 12, 2005 09:00 ET

ZipLip Announces Strategic Partnership With Nissho Electronics

Nissho Electronics to Enter Japan's Enterprise Content Management Market With ZipLip's Compliance Products

SANTA CLARA, CA -- (MARKET WIRE) -- October 12, 2005 -- ZipLip, Inc., the technology leader in email compliance, and Nissho Electronics, a leading provider of advanced technology solutions, today announced a strategic alliance in which Nissho will introduce ZipLip's Unified Archival product suite to customers in Japan. The partnership extends the reach of the ZipLip archiving and compliance offerings further into the Japanese market, and marks Nissho's entry to the Enterprise Content Management market.

"Long-term electronic data retention and lifecycle maintenance is not only critical for business processes but also for regulatory compliance," said ZipLip CEO Kon Leong. "We are pleased to partner with Nissho Electronics to deliver a complete suite of enterprise solutions to meet a broad variety of data needs. Nissho is a leading distributor with an excellent track record in bringing new technologies and products to Japanese market."

Regulations pertaining to the management and retention of electronic data are firmly entrenched in the US and now spreading worldwide. In the US, industries such as financial services and healthcare are required to retain and protect increasing amounts of data for long periods of time. SEC Rule 17a-4 requires that certain data be maintained "in a non-rewriteable, non-erasable format." Sarbanes-Oxley, which affects all publicly traded companies, mandates corporate responsibility for financial reports and imposes criminal penalties for altering documents. In Japan, the Personal Information Protection Act, protects individuals' rights and welfare while preserving the usefulness of personal information. The Japanese Ministry of Finance is currently preparing a Japanese version of Sarbanes-Oxley.

"Due to heightened regulatory scrutiny concerning retention and protection of fast-growing digital assets, there is a great need for solutions that protect and optimize data storage environments," said Kojiro Koike, General Manager of Business Planning & Development Division of Financial Institutions and BPO Business Unit at Nissho Electronics. "Nissho chose to partner with ZipLip because of their cutting-edge technology, and because their solutions offer organizations the ability to enhance enterprise content management -- improving efficiency while meeting regulatory requirements."

"The keen interest in 'compliance' among Japanese enterprises is indicative of ZipLip's excellent timing for further market entry into Japan," said Leong. "We are especially proud that the Financial Institutions and BPO Business Unit of Nissho is spearheading the penetration of the ZipLip products, leveraging their extensive experience and widespread customer base they have developed over the years."

About ZipLip

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

About Nissho Electronics

Since its foundation in 1969, Nissho Electronics has brought the world's most advanced technologies to an ever-widening segment of the Japanese market. Headquartered in Tokyo, the company has annual revenues surpassing $500 million. The company provides clients with practical technical solutions and with extensive experience and expertise that is based on the strong bonds it has grown with its customers and with cutting edge companies. Acting as a strategic partner, Nissho focus its resources on meeting the needs of its clients. More information can be obtained at www.nelco.com

Contact Information