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Ladenburg Thalmann Chooses ZipLip for Email Compliance
Prominent investment firm replaces outsourced service with innovative, unified solution
MOUNTAIN VIEW, CA – May 26, 2004
ZipLip Inc., a leader in email management and compliance technology, today announced that Ladenburg Thalmann (AMEX:LTS) has chosen ZipLip Unified Archival for email compliance with SEC17a-4, NASD 3010 and Sarbanes-Oxley regulations. Ladenburg had previously employed an outsourced service to perform standard compliance functions. By choosing to deploy a unified solution in-house, the venerable investment house was able to reduce their total cost of ownership for compliance management while adding functionality for Pre-review, journaling, discovery, and storage offloading to their suite of capabilities.
Established in 1876 and based in New York, Ladenburg Thalmann is one of the earliest members of the New York Stock Exchange and one of the most prestigious financial firms in New York. With over 200 brokers across New York, California, and Florida, Ladenburg provides services for middle market and emerging growth companies and high-net-worth individuals.
After using a hosted service, Ladenburg was ready to manage its compliance and archival requirements internally, allowing them to control all levels of access to their own data and to better guarantee uptime. As part of the evaluation process, solution providers were invited to demonstrate the required functionality in onsite trials. The ZipLip solution was deployed in the mail flow, surveilling and performing Pre-review functions in real time. Other competitors were unable to demonstrate all of the required functionality. During the multi-day onsite trial, ZipLip performed without any issues, and Ladenburg Thalmann chose ZipLip Unified Archival for email and IM archival, journaling, and compliance.
ZipLip's industry leading Pre-review capabilities, combined with its customizable lexicon for compliance and financial institutions, will allow Ladenburg to block problem emails before they are sent, thus avoiding non-compliance and preventing incurrence of liability. Furthermore, by capturing mail at both the gateway and at the mail server level, ZipLip provides compliance, offloading, content management, and retention management capabilities in a single, easily deployed solution. As Ladenburg and financial institutions of all sizes continue to grow, and as SEC and NASD email archival requirements change, ZipLip's highly scalable platform will continue to allow customers to improve email performance, adapt to everchanging compliance regulations, and quickly perform detailed audit and discovery searches.
Some highlights of ZipLip's Unified Archival Solution include:
ZipLip's Unified Archival is available as a software "appliance," starting from $15,000, or can be scaled upward to a clustered configuration for hundreds of thousands of accounts.
About ZipLip
Founded in 1999, and based in Mountain View, California, ZipLip makes enterprise software for email management, integrating email archival, secure email and secure files on a single, scalable platform. Enterprise customers include Walgreens, ADP, Morgan Keegan, Hancock Bank, WR Berkley, First Data Corp, Furukawa Electric, SI International, Reed-Elsevier, PNB Financial, Delta Dental, and many others. More information is available at www.ziplip.net.