Symantec on Monday announced upgrades to the discovery tool for its popular Veritas Enterprise Vault e-mail and instant messaging archiving software.
Compliance Accelerator Version 6.0 is designed to help financial services companies perform supervisory reviews of electronic communications so they can comply with U.S. Securities and Exchange Commission regulations and the National Association of Securities Dealers rules that deal with electronic messaging.
The Compliance Accelerator gives broker-dealers a companywide review of e-mail, instant messages, Bloomberg messaging system and digital fax messages.
Specifically, the new tool targets compliance with SEC Rule 17a-4 and NASD Rules 3010 and 3110, which require U.S.-based brokerages to retain e-mails in a secure but highly available repositories that allow compliance officers to take regular samplings of messages.
According to David Ouellette, senior product manager for compliance and discovery at Symantec, the biggest change to the Compliance Accelerator software is that multiple discovery databases can be run with Enterprise Vault backup servers.
Carolyn DiCenzo, an analyst at Gartner Inc. in Stamford, Conn., said the software will also help companies respond more quickly to legal or corporate discovery requests.
Enterprise Vault Compliance Accelerator 6.0 supports storage hardware from EMC, IBM, Network Appliance, Plasmon and StorageTek (now part of Sun Microsystems).
Symantec said the product, which must be used in conjunction with Veritas Enterprise Vault, is available now, with pricing on a per-user basis. For a 1,000-user installation, including Enterprise Vault, pricing starts at US$41,377.