Software manages records to meet compliance goals.
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Press Release Summary:
FileNet Records Manager v3.5 helps users meet compliance goals across multiple content repositories and legal jurisdictions. Intelligent Retention provides alternative or optional retention periods based on variables or rules that may be imposed upon organization by regulatory authorities. FileNet Content Federation Services allow enterprises to search, catalog, classify, secure, retain, comply, activate, update, and delete content residing in repositories across enterprise.
Original Press Release:
FileNet Ships New Version of Award-Winning FileNet Records Manager Suite
FileNet Expands Leadership in Compliance Market with Acquisition of Yaletown Technology Group and Inclusion of Intelligent Retention and Content Federation Services Capabilities in its Records Manager Architecture
COSTA MESA, Calif., Sept. 19 / -- FileNet Corporation (NASDAQ:FILE), the leading provider of Enterprise Content and Business Process Management solutions, today announced general availability of the latest release of its FileNet Records Manager suite, version 3.5. Featuring newly developed capabilities called Intelligent Retention and Content Federation Services, FileNet Records Manager now offers business users enhanced out-of-the-box flexibility to meet compliance goals across multiple content repositories and legal jurisdictions. The news follows FileNet's announcement that the company has entered into an agreement to acquire compliance software developer Yaletown Technology Group (see press release entitled, "FileNet Announces Agreement to Acquire Yaletown Technology Group").
The FileNet Records Manager 3.5 release brings significant new features and capabilities to market, including Intelligent Retention. Intelligent Retention provides alternative or optional retention periods based on any number of variables or rules that may be imposed upon an organization by multiple regulatory authorities. For example, most organizations conduct business across many jurisdictions (i.e. states, provinces, or countries) and must comply with the different retention rules imposed upon them by multiple government and regulatory authorities. They often run the risk of applying the wrong retention period for records in a specific jurisdiction. By accounting for the different retention rules across multiple jurisdictions, FileNet Records Manager now intelligently accommodates the many variables and conditions that mandate retention while simultaneously reducing complexity and chance of error, thus lowering records administration costs and effort.
FileNet Records Manager 3.5 is also integrated with FileNet Content Federation Services (CFS), which enables FileNet Records Manager to be integrated with and federate content from a broad range of both FileNet and non-FileNet content repositories. FileNet Content Federation Services allows enterprises to search, catalog, classify, secure, retain, comply, activate, update and delete content residing in repositories across the enterprise. Coupled with Records Manager, CFS can prevent unauthorized access, inadvertent or intentional alteration or destruction of official records, and enforce legal holds while preserving a full audit trail.
In addition, FileNet today announced its intent to acquire Yaletown Technology Group, including Yaletown's recently announced Records Crawler for FileNet technology for enhanced records management capabilities. The addition of Records Crawler now makes FileNet Records Manager the first enterprise- class records management solution to offer an integrated, intelligent rules- based capture and management solution for unmanaged records at the file system level. Applying the same set of server-based rules used for FileNet Email Manager, Records Crawler controls and audits the document upload process, automating the decision whether to upload a record.
In addition, FileNet also announced partnerships with leading records and information management services firms, including Access Sciences, IMERGE Consulting, Inc., Millican & Associates and Robbins-Gioia.
"The acquisition of Yaletown Technology Group and the inclusion of Records Crawler, Intelligent Retention and Content Federation Services into the FileNet Records Manager 3.5 solution enables FileNet to support our customers' most critical regulatory compliance needs," said Martyn Christian, chief marketing officer for FileNet. "For the first time, an organization now has a rules-based capture and management solution that fully accounts for multiple regulatory bodies and the numerous content repositories across an entire organization. This comprehensive and flexible solution can clearly deliver our customers a distinct competitive advantage."
About FileNet
FileNet Corporation (NASDAQ:FILE) helps organizations make better decisions by managing the content and processes that drive their business. FileNet's Enterprise Content Management (ECM) solutions allow customers to build and sustain competitive advantage by managing content throughout their organizations, automating and streamlining their business processes, and providing a spectrum of connectivity needed to simplify their critical and everyday decision-making.
FileNet ECM products are designed to deliver a broad set of capabilities that integrate with existing information systems to provide cost-effective solutions that solve real-world business problems.
Since the Company's founding in 1982, more than 4,000 organizations, including more than three quarters of the FORTUNE 100, have taken advantage of FileNet solutions for help in managing their mission-critical content and processes.
Headquartered in Costa Mesa, Calif., the Company markets its innovative ECM solutions in more than 90 countries through its own global sales, professional services and support organizations, as well as via its ValueNet(R) Partner network of resellers, system integrators and application developers.
Web site: http://www.filenet.com/
