Rand Worldwide announced that their Rand Secure Archive division has implemented their proprietary hosted archiving and retrieval solution for Ampersand Capital Partners.
“As a private equity firm, Ampersand has to deal with a constantly evolving regulatory environment, including reporting requirements by the SEC, the impact of Sarbanes-Oxley and the Dodd-Frank Act,” says Rick Charpie, Ampersand’s founder. “To address those requirements we followed the advice that we always give to the CEOs we mentor – to select the best partners possible. That’s why we chose Rand Secure Archive, a partner who shares our commitment to success by delivering world-class technology and service.”
“In the financial services industry, it’s critical that electronic information and communication is both archived and easily retrievable – regardless of the file type or medium,” says Chris Grossman, vice president, Enterprise Applications at Rand Worldwide. “Our robust, hosted solution not only meets the legal requirements, but also offers robust functionality with simplicity and security.”
Key functional requirements for financial services organizations safeguarding their data include:
- Preserve every electronic business record and store them securely.
- Find and produce electronic communications quickly, and be prepared
for SEC and other regulatory examinations or requests with on-demand
data production for investment advisor compliance. - Enables the creation and enforcement of retention policies while
maintaining a full audit trail to ensure compliance with these
policies. - Offload the cost and operational burden of managing complex and
disparate email and messaging platforms.
Compared to competitors, Rand Secure Archive provides faster, more advanced search capability and integrated eDiscovery tools, as well as more convenient user access to archived data.
