Award-winning video managed services provider vc-net has signed a partnership deal with Open-Tec to offer compliant videoconferencing services in conjunction with Open-Tec’s flagship Cstore™ solution which has been described by Bloor Research as having “...major disruptive market potential.”
What this union between two such innovative technology leaders means is that companies now know that they have a compliant videoconferencing capture storage and retrieval solution which meets all current and pending legislation.
In addition, any company that it is looking to minimise data loss and protect their intellectual property and corporate assets through videoconferencing can benefit from reduced travel costs, operational efficiencies, improved ROI and of course, improved security of those business records. New legislation due from the FSA under MiFID in March 2009 states that video conferencing calls have to be kept compliantly for at least 6 months so financial organisations particularly need to react quickly to meet the deadline.
The growth in regulatory legislation is compelling businesses to preserve a greater number of important records for longer periods of time whilst still making them electronically accessible. This burden of compliance is having a huge impact on organisations’ resources, particularly the storage environment as more data needs to be kept in its original form, for greater than 10 or 20 years, often permanently. This trend, coupled with a dramatic surge in the volume of security threats targeting corporate data assets, continues to drive the need for secure cost-effective, compliant and highly scalable storage solutions.
Alan Stewart, Director of Open-Tec, explains: “Cstore has been created specifically to address legal and consequently all regulatory requirements of how to store electronic business records to ensure that they have maximised evidential weight. With more and more business taking place over videoconferencing sessions this becomes an additional area that needs to be addressed by all organisations. With our combined expertise, Open-Tec and vc-net can offer compliant and integrated, recorded videoconferencing to minimise risk and maximise company shareholder value.”
James Stere, Sales Director of vc-net comments: “Being able to record a videoconferencing meeting from a compliance perspective is fantastic for our customers as legislation gets tightened more and more. We see this relationship as important strategically as our combined expertise will, I believe, enable companies to stay ahead and reap the benefits.”
Open-Tec are a software and solutions company that for the past 4 years have been developing Cstore, a compliant repository that meets the aforementioned requirements. It is specifically designed to the BSI BIP 0008 Code of Practice. In addition Cstore was also designed to accept any form of electronic data. With in-built encryption, retention, indexing and e-discovery engine, this offers an ideal single solution to meet the MiFID requirements for now and in the future.
The current implementation of Cstore enables an organisation to take inputs or feeds from Voice recording, SMS, eMail, Instant Messenger, Videoconferencing, Fax, Scanned Documents, Files and databases into a single repository. OpenTec have partnered with Obsidian Wireless to integrate with their mobile voice and SMS recording solution and thus enabling any organisation to properly record all types of voice calls and SMS into on single repository.
vc-net (vc-net.net) is a unified communications (UC) managed services provider, enabling companies to transform the way their business collaborates using high-definition video, business-quality voice and managed collaboration applications.
With ever-increasing demand for unified communications solutions that enable globally increased staff productivity, and effective remote working with and between organisations, vc-net was the first company in the world to offer a dedicated international videoconferencing network with points of presence (POPs) throughout Western Europe, North America and Asia-Pac and has extended the solutions available across this network to include desktop video conferencing, VoIP, email and hosted workspaces.
For companies in the process of corporate change, M&A or any form of transformation, vc-net offers a competitive outsourced managed service that can help them adapt and grow their business.
vc-net has an enviable client portfolio which includes major brands such as JP Morgan, Fidelity, GKN and Corus, as well as the Inland Revenue and many more.