FivePoints and IMlogic Offer Secure Hosted Instant Messaging Compliance Archiving Solution; Partnership Provides SEC, NYSE and NASD Compliant IM Management Solution

Business Wire, June 8, 2004

Business Editors/High-Tech Writers

NEW YORK and WALTHAM, Mass.--(BUSINESS WIRE)--June 8, 2004

FivePoints Compliance Inc., a pioneer in providing outsourced compliant messaging services, and IMlogic, Inc., a leading provider of enterprise infrastructure software solutions for the rapidly growing Instant Messaging (IM) market, today announced a partnership to offer a secure, outsourced instant messaging management solution designed specifically for small-to-medium sized financial services companies. IMlogic IM Manager, the industry-leading IM management solution and IMlogic IM Linkage, the industry's first multi-network IM application system for the development and deployment of enterprise-class IM applications will be offered in a hosted environment to customers looking to deploy a compliant IM system within their company.

"By partnering with IMlogic we are able to offer our clients, who typically are highly regulated financial services companies, an affordable, fully managed and outsourced solution to capture and archive their public IM communications" says Heather Davisson, Co-Founder and Senior Vice President of Business Development, FivePoints. "Our clients also benefit from IMlogic's innovative new products like IM Linkage and integration with Microsoft Live Communications Server which FivePoints will be adding as a service later this year."

This solution allows small-to-medium sized financial services firms to embrace instant messaging in the enterprise while remaining in compliance with industry regulations established by the SEC, NYSE and NASD quickly and cost-effectively. The hosted model requires no hardware or software management and can be implemented within days, both attractive features to companies wishing to bring IM into their company for real-time communications. With the complete IM management system in place, Compliance Officers are better able to audit employees' instant messaging activities; IT managers are able to better monitor against security breaches like viruses and worms as well as store and archive instant messages. Through FivePoints' outsourced solution, customers can also archive e-mail as well as instant messages so that both are contained in the same place enabling simultaneous surveillance.

"By offering our solutions in a hosted environment through FivePoints, IMlogic is able to offer a world-class IM management solution to midsized customers who may want to deploy IM company-wide but don't have the IT bandwidth or budget to do so," says Francis deSouza, CEO of IMlogic. "By extending our products in partnership with FivePoints, IMlogic can further extend its reach in instant messaging management by providing an integrated email and IM management solution to all firms of all sizes.

"Due to SEC & NASD regulations & rules, we knew we had to find a solution to log, archive, and monitor our instant messages and didn't want to manage it in-house," says Joe Williams, Hibernia Southcoast Capital. "After extensive research, we determined that FivePoints' hosted solution from IMlogic solved all of our needs, allowing us to continue using our instant messaging. Furthermore, the solution was simple to implement and is affordable."

FivePoints provides rapid deployment of compliant messaging systems to small and mid-sized financial services companies. FivePoints has leveraged its deep expertise in enterprise messaging to offer companies a fully inclusive, turnkey solution with per user/per month pricing that requires zero client investment in hardware, software or local data management. Its comprehensive messaging solution, ComplyPoint meets the strict regulatory standards of the SEC, NASD and other regulatory bodies. Its hosted solution offers complete message management, surveillance, archival, discovery, and protection to ensure consistent compliance with changing regulations, while delivering a measurable return to its clients.

"Being able to focus our technology resources on implementing innovative trading strategies for our customers rather than on routine compliance is crucial to our firm," stated Joe Gawronski, Chief Operating Officer of Rosenblatt Securities. "With FivePoints' outsourced solution through IMlogic, we attained compliance with the new regulations on IM archiving quickly and cost effectively, and were also able to consolidate our email storage solution seamlessly at the same time."

IMlogic IM Manager brings compliance level archiving, reporting, supervision, and auditing to traditionally unmonitored and uncontrolled IM networks. IM Manager today supports more than 400,000 seats across the financial services, energy, government, healthcare, telecommunications, transportation, technology, and travel industries. IMlogic IM Linkage enables businesses to integrate the presence and messaging capabilities of consumer and enterprise instant messaging networks with business-critical applications, transforming traditional applications into real-time business tools. With IM Applications, businesses can achieve tangible benefits such as better customer satisfaction, reduced business process latency, and increased application ROI.