FAIRFAX, Va., Jan. 11, 2007 (PRIME NEWSWIRE) -- On December 1, 2006, new amendments to the Federal Rules of Civil Procedure went into effect that require all companies in federal litigation to identify, preserve and collect electronically stored information. mindSHIFT (www.mindshift.com) will immediately begin offering these services to small- and medium-sized broker-dealers, law firms and other organizations through its acquisition of FivePoints Compliance Inc. (www.fivepoints.net). Headquartered in New York, FivePoints provides a fully managed, SEC-compliant messaging solution that supports electronic discovery.
"The need for turnkey electronic discovery and compliant messaging solutions is red-hot right now," said Paul Chisholm, Chairman and CEO of mindSHIFT. "By acquiring FivePoints, we are able to provide our customers with one of the strongest product offerings for hosted messaging, archiving and discovery for electronic communications. We see tremendous opportunity both within the financial services vertical and at organizations which need electronic discovery."
Since 1999, FivePoints has leveraged its deep expertise in enterprise messaging to offer companies the most comprehensive messaging solution to comply with the strict regulatory requirements of the SEC, NASD and other regulatory bodies. The hosted solution enables organizations to meet those rules by providing management, surveillance, archival, discovery and protection of email and instant messages. While specifically targeted towards small broker-dealers and financial firms with turnkey implementation and predictable and affordable monthly fees, the solution is easily scalable for large enterprises.
The acquisition strengthens mindSHIFT's offerings to the financial services market and provides FivePoints customers with a broader range of IT services and support. "Our customers are excited about our merger with mindSHIFT, as it enables us to offer the type of managed IT resources and services they've been requesting," said Heather Davisson, Founder and Director of Business Development at FivePoints. "The combined strength of our two teams will give us the bandwidth to develop new products and services, such as compliant enterprise instant messaging."
About mindSHIFT Technologies, Inc.
With operations in Boston, New York, Philadelphia and Washington D.C., mindSHIFT is a leading Managed Services Provider (MSP) offering managed services, VoIP and professional services to small- and medium-sized organizations and law firms. The company's portfolio of managed services provides a comprehensive solution which includes such critical services as email management and administration, electronic backup for servers and desktops, virus and spam protection, desktop support, and server management. Managed services customers are supported by both a 24-hour Network Operations Center for proactive management support and a call center which diagnoses and resolves all end-user desktop issues. For advanced and larger businesses, the company provides business application migrations, storage area network upgrades and complex hosting applications. Additionally, mindSHIFT has superior expertise and experience in meeting the complex demands of the legal community for the integration of applications such as document management. For additional information, visit www.mindshift.com.
About FivePoints Compliance Inc.
FivePoints Compliance Inc., (www.fivepoints.net) based in New York City, is a provider of outsourced messaging and archiving solutions to financial services organizations. Built on market-leading products from strategic partners KVS, IMlogic, Radianz, Symantec, MessageOne, EMC and Microsoft, FivePoints' hosted and fully managed solution enables companies to obtain enterprise-class services without costly investments in hardware, software and onsite data management. FivePoints helps clients to quickly satisfy SEC, NASD and NYSE regulations offering full management, surveillance, archival, discovery, and protection of data through a simple monthly per-user subscription.
mindSHIFT Technologies is a registered trademark of mindSHIFT Technologies, Inc.
All trademarks are the property of their respective companies.
mindSHIFT Technologies, Inc.
Vicki J. Brown
(617) 243-2729
vicki.brown@mindshift.com
FivePoints Compliance Inc.
Christopher Capra / Lotus Public Relations
(212) 922-5885
Chris.capra@lotus-pr.com