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Press Release
FaceTime's IMAuditor Solution Helps over 50% of the Top Global 100 Financial Services Firms Comply with SEC and NASD Record Retention and Supervisory Requirements
Trusted Industry Pioneer FaceTime Communications Provides Industry-Leading Compliance Solution for Instant Messaging
FOSTER CITY, Calif.-June 20, 2003 -- Building upon four years of experience delivering enterprise infrastructure and business solutions that extend the power of instant messaging (IM) and other forms of real-time communications in the enterprise, FaceTime Communications announced today that over 50% of the world's 100 largest financial institutions have selected FaceTime's
IMAuditor to ensure compliance with SEC, NASD, NYSE and other regulatory bodies. With over 250 enterprise customers, FaceTime's award-winning solutions are used by over 100 regulated businesses, including 7 of the 8 largest U.S. banks-140,000 seats licensed by Bank of America alone. The company's latest compliance offering,
IMAuditor 4.0, announced earlier this week, enables regulated businesses to comply with the latest instant messaging rules such as those outlined Wednesday by the NASD.
"With the NYSE and now NASD specifically including instant messaging in their supervision and archiving rules, it is clear all businesses governed by these and other regulatory bodies must take measures to ensure their IM usage is in compliance," said Matt Cain, vice president of META Group.
FaceTime customers represent regulated financial firms of all sizes and scale on multiple continents including Bank of America, Fimat USA, Inc., Fulcrum Global Partners LLC, Jefferies & Co, Morgan Keegan, Thomas Weisel Partners, and Wachovia Securities.
"In 2001, FaceTime collaborated with major Wall Street firms concerned with the discovery of widespread use of instant messaging in their organizations to deliver a regulatory compliance solution that leveraged our deep IM expertise and experience in successfully integrating IM networks with business applications," said FaceTime President and CEO Glen D. Vondrick. "We are pleased how our visionary products have provided financial services firms a way to safely deploy, manage, control and secure IM into their existing infrastructure to meet compliance regulations and enable the growth of other real-time enterprise business applications in the future."
On Tuesday, FaceTime announced IMAuditor 4.0 for greater control of IM to ensure proper compliance with the latest government regulations, including NASD's recent requirements, in addition to enhanced productivity features and integration capabilities.
IMAuditor 4.0 expands on FaceTime's award-winning and market-leading
IMAuditor 3.0 to provide new regulatory compliance workflow capabilities, including enhanced logging, auditing, and reporting of all instant messaging (IM) traffic for any regulated industry. The technology helps organizations benefit from the use of all forms of electronic communication, including heterogeneous IM networks, Web chat, and email.
IMAuditor seamlessly integrates into other compliance workflow infrastructure applications supported by FaceTime's technology partners for content scanning, natural language processing, and WORM drive storage archiving.
IMAuditor 4.0 will be generally available June 30, 2003. For additional sales information, FaceTime can be reached at http://www.facetime.com/imwithus.htm,
(888) 349-FACE, or via IM screen name FaceTimeLive.
About FaceTime Communications
FaceTime Communications enables the safe and productive use of instant
messaging, Web usage and Unified Communications platforms. Ranked number one by
IDC for four consecutive years, FaceTime's award-winning solutions are used by
more than 900 customers – including nine of the 10 largest U.S. banks – for
security, management and compliance of real-time communications. FaceTime
supports or has strategic partnerships with all leading public and enterprise
IM network providers, including AOL, Google, Microsoft, Yahoo!, Skype, IBM,
Reuters and Jabber.
FaceTime is headquartered in Belmont, California. For more information visit
http://www.facetime.com or call 888-349-FACE.
The FaceForward blog, at http://blog.facetime.com,
offers thoughts and opinions about the changing nature of Internet communications.
PR Contact:
Emily Chamberlin
650-762-2945
echamberlin@ar-edelman.com
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