Hosted Archiving Solution Allows Public Companies to Meet Looming 2007 SEC Deadline
[07.11]
123Together.com, the leading provider of hosted enterprise-class messaging and collaboration solutions such as Microsoft Exchange Hosting and Hosted SharePoint, offers a hosted archiving solution providing public companies with the ability to comply with Securities and Exchange Commission (SEC) regulations associated with Section 404 of the Sarbanes-Oxley Act of 2002.
The compliance deadline for Section 404 of the Sarbanes-Oxley Act of 2002, which established rules and regulations for financial and accounting disclosures of public companies, has been extended to fiscal years ending on or after December 15, 2007. Small and large public companies alike must abide by all archiving and compliance regulations by the end of 2007.
123Together.com's Exchange hosting service combined with its hosted archive solution is designed to help public companies meet the demands placed on their electronic communications systems by Federal regulations. It delivers a security-enhanced and virtually tamperproof archiving solution for email, allowing public companies regulated by the SEC to store and retrieve communications as they strive to comply with the data and transaction demands of this regulator.
This centralized mail repository is deployed in a hosted environment. Once archived, messages can then be accessed through a security-enhanced, web-based interface. Flexible search queries can then be used to locate messages quickly. Upon retrieval, users can conduct a variety of actions, including tag, file, export, forward via SMTP, and restore.
"Public companies now have a financially viable resolution to the rigorous demands of SEC regulations. Our hosted archiving solution does not require any upfront capital investment, allows IT personnel to focus on more important tasks and enables the company to quickly become compliant with SEC imposed deadlines," said Ravi Agarwal, chief executive officer of 123Together.com. "Businesses may also choose to utilize our hosted Exchange service but are not required to do so to take advantage of our archiving service. They can exploit the functionality of this service with their in-house Exchange server or with a POP3/SMTP setup - while saving money by not having to install or manage any new hardware or software on their new server."