ZipLip Releases Survey Document Citing the Greatest Concerns of Chief Compliance Officers

With Three Years of Success and Insight in the Email Archival Space, ZipLip Releases a Document Highlighting the Challenges Facing CCOs, Along With Answers and Solutions

SANTA CLARA, CA -- 01/10/2005 -- ZipLip, Inc., the technology leader in email archiving for compliance, today released a document containing several of the most frequently asked questions by Chief Compliance Officers (CCOs). ZipLip has spent the last year accumulating data from over 500 companies in regulated industries, including financial and healthcare. Additional information was also gleaned from compliance officers and SEC personnel at various compliance conferences in 2004.

The document, available from ZipLip, highlights the top concerns of CCOs, as well as responses to them. “This is meant to be a quick, high-level FAQ for Chief Compliance Officers and other decision-makers dealing with compliance and new requirements from the SEC and other regulatory bodies. The email archiving market is still in a formative state, and questions and concerns are constantly arising that do not always have intuitive answers,” CEO Kon Leong said in releasing the document. “We hope to shed light on compliance issues and make email archiving for compliance as simple and painless as possible for customers.”

“This is a very handy document for companies to have, as it points out the key issues and how they are affected by regulatory changes,” said Masha Khmartseva, analyst at Radicati Group. “Very few organizations are truly informed about what it means to be compliant, and are at great risk for exposure and heavy fines should the SEC come knocking at their door.”

Some of the key concerns include: “My CEO wants to spend as little money as possible on regulatory compliance,” and “We are already archiving in Exchange, isn’t that enough?” The document also addresses issues such as the fundamental differences between hosting and in-house enterprise archiving solutions and how they may affect compliance in the long-term.

About ZipLip, Inc.

Founded in 1999, and based in Santa Clara, California, ZipLip makes email archiving software which integrates compliance, legal discovery, storage offloading and knowledge management on a single system. Additional capabilities include secure email and secure files management. Enterprise customers include Walgreens, ADP, Hancock Bank, Furukawa, Morgan Keegan, PNB Financial, Johnson & Johnson, SI International, and many others. More information is available at www.ziplip.net.

Contact Information

Genelle Hung

ZipLip

ZipLip

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