Cabinet NG Partners with ProofSpace to Integrate New Electronic Authentication Technology into Document Management
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Huntsville, AL and Chicago, IL - January 10, 2008 - Cabinet NG, the preeminent automated document management and workflow solution for small enterprise businesses, and ProofSpace, developers of patented trusted-timestamping and data integrity risk management technologies, today announced an agreement to embed ProofSpace's patented ProofMark(TM) digital tamper-detection technology into Cabinet NG's flagship document management solution, CNG-SAFE. The ProofMark technology will be initially made available as an advanced authentication plug-in to CNG-SAFE, which consolidates all of a company's information into one organized and easy-to-use system. Targeted at Cabinet NG's financial industry customers, the ProofMark enhancement package will enable companies to better protect high-value documents and transaction records, and prove the authenticity of those records to regulators, auditors, clients and courts.
"Although most financial advisors don't know it yet, their inability to properly authenticate documents exposes them to substantial risks," said Joel P. Bruckenstein, Publisher of Virtual Office News. "The Cabinet NG/ProofSpace partnership represents the industry's first really turnkey document authentication solution."
"Of all our customers, the financial industry is perhaps the most targeted for litigation. The challenge of providing and proving a document's validity is a growing concern. A substantial investment of time and resources can go down the drain if the authenticity or pristine nature of a company's electronic records are called into question, and subsequently not admitted into evidence. Our clients need to be able to monitor the integrity of their electronic documents, detect unauthorized changes both inside and outside the organization, and provide proof of document authenticity to all comers. That's something the ProofSpace system does exceedingly well and by having this capability integrated with CNG-SAFE will help any business quickly produce indisputable documents," said Jon Clark, VP Sales of Cabinet NG.
"We're extremely excited about this new partnership with Cabinet NG," said Rick Summer, VP of Channel Sales of ProofSpace. "Cabinet NG's document management solution consistently distinguishes itself from the pack by bringing new technologies to market before their competition. We're proud to be able to help extend CNG-SAFE's market lead, and look forward to enabling thousands of Cabinet NG customers keep an eye on the authenticity of their digital records."
About ProofSpace
ProofSpace builds "legally robust" data authentication solutions that thwart fraud, provide an undeniable record of good enterprise conduct, and repudiate false legal claims against client companies. The company's patented ProofMark(TM) Transient Key technology tags electronic business records with a self-validating cryptographic seal that acts as a "tamper indicator" based on a true and provable time-reference datum, impossible to manipulate, even by trusted insiders. ProofMark irrefutably proves that the content of a record has not changed since the ProofMark was applied, no matter where the data resides or who controls it.
Industry analysts have been bullish on the company's prospects ever since its core technology was included in the American National Standard X9.95-2005 ("Trusted Time Stamp Management and Security") published by ANSI ASC X9, the accredited standards body for the financial services industry. The ProofSpace system was the only method recognized by the ANSI X9.95 standard that can be deployed entirely as software inside of an enterprise, without depending on an external trusted third party. More information on ProofSpace, its technology and products are available at the company website at www.proofspace.com.
About Cabinet NG, Inc.
Cabinet NG automates document management for small enterprises. Cabinet NG's user-friendly document management solutions streamline user tasks, delivering gains in office productivity and bottom-line savings. By creating a secure electronic filing environment, Cabinet NG's products moves manual paper-based procedures into efficient automated workflow processes. Cabinet NG integrates document management with popular business applications creating a central repository of business information that powers more effective business processes. The company's integrated document management solution for Intuit's QuickBooks automates accounting activities by merging document filing and data entry into a single process. Cabinet NG is privately held and headquartered near Huntsville, Alabama. For more information, visit www.cabinetng.com.
Contacts:
Cabinet NG
James True,
256-258-0460
jtrue@cabinetng.com or
Boston Communications
Kam Hashim,
617-292-7316
kam@prboston.com or
ProofSpace, Inc.
Kurt R. Stammberger,
415-861-3629
kurt@proofspace.com
