Perimeter eSecurity said Tuesday that it has acquired Secure Electronic Communication Compliance Archival System (SECCAS), an outsourced provider of e-messaging compliance to public and financial services companies. This acquisition complements Perimeter eSecurity’s offering of more than 50 on-demand security services.
Terms of the deal were not disclosed
SECCAS is highly regarded with banks, broker dealers, registered investment advisors (RIAs), hedge funds and other financial companies, helping them comply with the mandates of the SEC, FINRA and Sarbanes Oxley, explained Perimeter. SECCAS provides an e-mail, IM and messaging archiving system that enables financial companies to meet regulatory requirements. The SECCAS software-as-a-service offering requires no new hardware, software or ongoing technical support, and can be implemented through an online interface.
“We are thrilled to join forces with the leading provider of outsourced e-messaging compliance solutions for hedge funds and broker dealers,” said Brad Miller, CEO of Perimeter eSecurity. “This acquisition further strengthens the value we provide to our 2,000 financial services clients. In addition, clients in other lines of business can greatly benefit from SECCAS’ e-mail compliance/archiving service.”
The SECCAS Compliance Manager is an outsourced, Web-based application that makes it possible to simultaneously view and manage e-mail and instant messages, as well as information services like Bloomberg. SECCAS collects all required electronic communications through a single, password-protected, user-friendly interface that can be accessed by Compliance Officers using a standard Web browser. This application provides effective compliance for large and small firms, as well as firms that have hosted or in-house mail servers.