KOM Software & Mobius Solve SEC Compliant Archiving Challenges
Credicorp Securities Investments (CSI) complies with SEC 17a-4 using KOMworx software
Ottawa, ON Canada – February 14, 2006
KOM Software, Inc., a global leader of storage management software solutions, today announced the implementation of KOMworx at CSI, a subsidiary of Credicorp—the largest financial services holding company in Perú with total consolidated assets of $9.1 billion, and closely identified with its principal subsidiary, BCP, the country's largest bank—as part of CSI's SEC Compliance strategy. KOM Software & Mobius Management Systems have helped CSI protect data and achieve compliance by archiving records in accordance with SEC regulations.
"KOMworx has allowed CSI to implement a proactive, long-term and comprehensive compliance strategy managing data in accordance with the SEC 17a-4 regulations," said Dr. Taher Shaath, Chief Executive Officer of KOM Software. "At KOM we consider assisting financial institutions archive and retain their data, a priority; KOMworx Governance transparently archives data to an unalterable WORM disk storage, quickly producing data on-demand meeting government regulations for audits and legal requirements."
The CSI compliance solution includes Mobius' ViewDirect® E-mail Management software to capture and archive e-mails on a KOMworx 'virtual volume'. e-WORM++, a feature of KOMworx Governance, archives collected data to a WORM disk storage as well as replicating data to a WORM optical media, enforcing record retention policies. Data is protected and maintained on write-once WORM storage, satisfying the most stringent regulatory requirements. The process is automated, seamless and transparent with virtually no impact on performance, ensuring data is secure and readily available.
"SEC regulations have been a major concern for us at CSI. With the implementation of KOMworx and ViewDirect E-mail Management we are able to archive and manage data in an efficient manner while maintaining SEC Compliance," said Bruno Ghio, General Manager of CSI. "KOMworx Governance has helped us comply with regulations and manage data by moving files to the most cost effective storage device automatically, saving us on capital and operational costs."
Commenting on the deployed software solution, Miguel Rodriguez, product manager at Mobius said, "Our ViewDirect E-mail Management software helps capture e-mail messages in a number of ways, including automatic capture from user mail-boxes and Exchange stores, and manual capture by users. CSI benefits by reducing the storage load on the Exchange server and improving the efficiency and reliability of its messaging servers. The combined solution makes it easier for CSI to manage their incoming e-mails and meet SEC regulations," he added.
Arsenio Batoy, President, Optical Laser, a KOM value added distributor facilitated the sale of the software talked about the ease of implementation and benefits KOMworx software provides. "Using KOMworx Governance, organizations the likes of CSI are able to automatically archive data from investment banking, investment fund management as well as stock brokerage activities. KOMworx allows CSI to archive and protect data on WORM disk storage and Optical Media providing storage flexibility and enabling SEC Compliance."
About KOM Software
KOM Software is a world leading provider of flexible, secure data archiving and storage management software. Over 10,000 of the world's leading corporations have recognized KOM Software as the most logical, unobtrusive and secure way to store, access and protect their data. KOM is enabling enterprises large and small a cost effective way to improve productivity and meet compliance requirements without altering their network infrastructure or daily business routines. The industry pioneer holds vital industry patents for electronic file lifecycle management, virtual file management and eWORM fixed content hard disk archiving. Find out how KOM Software can help you implement a comprehensive information lifecycle solution to optimize your existing storage environment and meet your compliance requirements.
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Credicorp is the largest financial services holding company in Perú and is closely identified with its principal subsidiary, BCP, the country's largest bank and the leading supplier of integrated financial services in Perú. Credicorp is engaged principally in commercial banking (including trade finance, corporate finance and leasing services), insurance (including commercial property, transportation and marine hull, automobile, life, health and pension fund underwriting insurance) and investment banking (including brokerage services, asset management, and trust, custody and securitization services and proprietary trading and investment). As of December 31, 2004, Credicorp's total assets were US$9.1 billion and shareholders' equity was US$1.1 billion.
Mobius Management Systems, Inc. (www.mobius.com) is the leading provider of integrated solutions for total content management (TCM). The company's ViewDirect® TCM is a comprehensive suite that integrates content across disparate repositories, supports regulatory compliance, and provides content-enabled applications that automate business processes. Mobius solutions have achieved industry-wide recognition for breadth of functionality, breadth of supported formats, and high-volume, high-demand performance. The Mobius customer base is made up of leading companies across all industries, including more than sixty percent of the Fortune 100. The Company, founded in 1981, is headquartered in Rye, New York, with sales offices in the U.S., Canada, the United Kingdom, France, Germany, Italy, Sweden, the Netherlands, Switzerland, Australia and Japan, as well as a network of agents in Central and South America, Europe, Middle East, Africa and Asia.
ViewDirect is a registered trademark of Mobius Management Systems, Inc
About Optical Laser
Optical Laser, founded in 1988, is a national solutions distributor providing value-added resellers and system integrators a single source for IT software, hardware, and services with operations in the U.S. As a solutions distributor selling exclusively through the channel, Optical Laser's role is to help resellers generate compelling and profitable business opportunities within their client base through emerging and niche technologies, professional services, education, and technical support. More than a product supplier, Optical Laser is a business partner that augments a reseller's ability to leverage its solutions expertise, market experience, and relationships to produce a service that is highly valued by its clients. The technologies represented by Optical Laser include storage management, message management, security, and enterprise content management from leading vendors such as FaceTime, Kofax, KOM Software, Plasmon, Rimage, EMC-Documentum, EMC-Legato, Bowe Bell+Howell, Intrepid, and Eastman-Kodak.