Nov 18, 2008
In a Time of Financial Crisis,
SAN JOSE, CA – Nov. 18, 2008
ZL Technologies Inc.
Top Broker-Dealers Rely on ZL to Support Their eDiscovery Needs
, proves itself leader in the e-mail and files archiving space once again as its customers now include two of the top five broker-dealers in the United States, according to the November 14, 2008, issue of The Wall Street Journal.
The wake of the Wall Street financial crisis is expected to bring on a surge in litigation as well as heightened compliance regulations, prompting courts to investigate whether financial institutions have policies and processes in place to effectively manage their electronically stored information. “The recent financial crisis will fuel an increase in litigation and regulatory investigations,” says Vivian Tero, Program Manager for Compliance Infrastructure, IDC
. “These developments underscore the need for well-defined and consistently enforced information retention and legal hold practices and technical procedures.”
As the leader in archiving for compliance and eDiscovery, ZL Technologies Unified Archive®
’s reliability and performance have been critical in supporting the response of these industry leaders during the turmoil created by the current financial crisis. Trusted by two of the top five U.S. broker dealers, ZL Unified Archive®
has proven itself by matching the scalability, complexity and flexibility requirements of these global firms by enabling fast and accurate search results for eDiscovery requests against their entire archive.
Senior managing director in the technology practice at FTI Consulting
, Rob Brunner, recently stated that the key to being prepared for an eDiscovery request is to be certain that companies have immediate access to all information needed to defend themselves even after the possible event of a merger or acquisition. ZL’s Unified Archive®
delivers this capability and more. In particular, the ability to perform enterprise wide searches within seconds on all stored data, without limiting the search to specific mailboxes or departments, enables true Early Case Assessment (ECA) and is quickly being viewed as a critical requirement. A more complete picture of harmful or beneficial data is absolutely necessary for ECA and contributes to superior litigation strategy and minimization of risk.
“The two top broker-dealers have over 200,000 mailboxes spread across both Lotus Notes and Microsoft Exchange in a single-repository architecture, for economy of scale and unified policy enforcement. Receiving up to 10 million emails each day, the firms are constantly accessing the archive and creating new rules to enforce corporate retention policies, compliance requirements and both pro- and re- active eDiscovery.
About ZL Technologies, Inc.
ZL Technologies makes Unified Archive® software (“ZL UA®”)
to enable large enterprises to manage all unstructured content such as e-mail and files, to satisfy corporate archiving needs for eDiscovery, records management, regulatory compliance, corporate governance, and storage management. It also enables the same unstructured content to become the organization’s Corporate eMemory™ for competitive advantage, such as sharing knowledge, experts, and history across the enterprise. ZL UA’s unique differentiator is its unified architecture, which consolidates all applications and billions of documents under one platform, thus eliminating today’s fractured data silos which significantly raise operating costs and legal risks. Demonstrating a proven track record with Global 500 customers and strategic partnerships with major players such as Oracle, PriceWaterhouseCoopers, and SunGard, ZL has emerged as the technology leader in harnessing unstructured “Big Data” for strategic advantage. For more information, please visit www.zlti.com