July 19, 2004 — (WEB HOST INDUSTRY REVIEW) — Managed application and Web hosting provider NaviSite (navisite.com) introduced a new email and instant message archiving and retrieval service on Monday. The company said the service lowers costs and improves service levels for customers while providing compliance with NASD rule 3010 and SEC regulation 17A-4. Under these regulations, stock brokers are required to archive electronic communications of licensed professionals for at least three years.
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The service, powered by technology from MessageRite (messagerite.com), is priced at a monthly fee based on storage volume and duration. Options and stock clearing firm Pax Clearing, a current NaviSite customer, is the first to sign on for the service.
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“The legal and regulatory environment is constantly changing making it critical for us to have effective email archiving solutions at our disposal,” says Joseph Sommer, general counsel at Pax Clearing. “NaviSite’s solution provides an archival system that is transparent to our users and allows us to focus our resources on our core trading and clearing product offerings.”
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According to NaviSite, its messaging archiving service helps customers comply with the new regulations and also includes full-text search and retrieval, content monitoring and filtering, alerts, spam blocking and filtering, restoration of deleted email and attaches disclaimers to outgoing email.
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“Email archiving is one of the top services our messaging customers have requested in recent months,” says Cheryl Yetz, vice president, messaging and collaboration for NaviSite. “Because companies may be liable for the content of email within their organization, having an accurate record is critical for legal protection – as well as regulatory compliance for a growing number of companies. We’re pleased to offer a service that solves this problem for customers who do not wish to make expensive investments in software and storage technology to create a solution like this themselves.”
