Smarsh and Socialware Partner to Offer Integrated Messaging and Social Media Compliance
05/06/2010
Organizations can manage the SEC/FINRA compliance risks of Facebook, LinkedIn and Twitter within the Smarsh email and electronic message archiving and compliance suite, used by 10,000 firms worldwide
Smarsh, the managed service leader in secure and reliable email archiving and compliance solutions, today announced a partnership with Socialware, a leader in helping companies manage, embrace and leverage public social networks.
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The partnership brings together the companies’ innovative technologies to offer a unique solution for messaging and social media governance and compliance. The 360-degree offering will integrate Socialware’s policy enforcement, capture, moderation and analytics capabilities for third-party networking sites including Facebook, LinkedIn and Twitter, with the sophisticated message archiving and compliance platform from Smarsh.
“Socialware has developed a groundbreaking middleware solution and our partnership has yielded a one-of-a-kind technology offering for messaging and social media compliance,” said Stephen Marsh, Smarsh founder and CEO. “With this partnership, firms can insert themselves in the stream of social networking data flow and proactively enforce policy, mitigate risk and responsibly leverage the powerful potential of social networking as a business tool.”
Powered by Socialware’s Compass solution, the new integrated offering includes the preservation, supervision and policy controls that enable financial services firms to operate in compliance with SEC and FINRA regulations. Firms can efficiently navigate the record-keeping, suitability and supervision challenges associated with social media, as detailed in the recently-issued FINRA Regulatory Notice 10-06.
“Smarsh is a trusted leader in messaging compliance and together we’re tackling a major problem in regulated industries – how to best leverage the public social networking sites where clients, partners and consumers reside,” said Kip McClanahan, CEO of Socialware. “The intricacies of social media present unique challenges, requiring in-depth knowledge of the way consumers and customers act and react to content. We’re excited to partner with Smarsh to help firms enable the potential of social media as a channel for business.” The integrated social media compliance solution is available directly through Smarsh. For more information, contact Smarsh at 1-866-SMARSH1 (762-7741) or visit www.smarsh.com.