Overview
Silverwood Partners is a sector-focused investment bank that provides M&A and private capital raising advisory services to information, communications, financial services, and digital imaging technology companies, and healthcare, industrial and consumer companies. Silverwood delivers acquisition, divestiture or corporate sale advisory, strategic-financial advisory and institutional financing services to companies in its targeted business sectors.
Challenge
As a broker/dealer organization, Silverwood Partners must comply with FINRA (Financial Industry Regulatory Authority) regulations, which stipulate that companies keep all correspondence, including emails, for three years. Since the Silverwood professional staff typically work on complicated deals, they had accumulated almost a quarter million emails, most with large attachments, which need to be managed without overloading mailboxes, the company's Exchange server, systems or staff. As Silverwood continued to grow, the company needed to migrate to a more scalable and secure compliance solution, which would archive all email and attachments immediately and also accommodate existing information retention policies.
Solution
When Silverwood managing partner Jonathan Hodson-Walker heard about Sonian as a platform agnostic email archiving solution, he liked the fact that it was easier to use and more complete than his current email archiving system. Today, Silverwood has more than 225,000 emails stored on Sonian's cloud-based system. A hosted SaaS offering, Sonian was quick to implement and easy to access via a Web browser interface.
Sonian's flexible archiving solution with unlimited storage capacity allows Silverwood Partners to maintain its retention policies and meet FINRA compliance requirements.
"We can journal and retrieve every single email by time period," says Hodson-Walker. "This makes a response to an archive request easier and complete. It also eliminates human error in the archiving process."
Benefits
Now that Silverwood Partners is archiving emails via Sonian, the firm
is realizing the following benefits from the Sonian email archiving service:
* Satisfy all FINRA compliance requirements;
* Real time capture and journaling of all emails/attachments as they are stored in a scalable Cloud repository that can grow alongside Silverwood Partners;
* Significant cost savings due to the fact that Sonian does not require any hardware or personnel investment and is much less expensive to run over time;
* Improved performance from the Silverwood Exchange server.
About Sonian
Sonian is the trusted cloud-powered universal data management company, which delivers archiving/storage, e-discovery and compliance services. Global organizations rely on Sonian for its affordability, security, ease of deployment and use. Founded in 2006, Sonian supports thousands of customers on all major enterprise collaboration solutions including Exchange, Notes, GroupWise, Zimbra and others; and enjoys strategic partnerships with industry leaders Amazon Web Services, Rackspace, Mindshift, Axway and IBM. For more information, visit www.sonian.net.
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