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Cloud Centric Systems, Inc. Subsidiary Launches New Compliance Package for the Legal Profession
Enable Software, Ltd. Targets Multibillion Dollar Legal Sector
LONDON, May 25 -- Cloud Centric Systems, Inc. (Pink Sheets: CLDR) is pleased to announce that the Company's wholly owned subsidiary, EnableTS, Ltd., has launched a new email management suite of products that is specifically targeted to the multibillion dollar legal sector. The package consists of compliance modules which will allow the legal sector to manage their corporate email compliance requirements and store emails in a secure online archive for up to seven years.
Lawyers email sensitive and confidential information to partners, colleagues and clients, often without considering the need for protecting the information within the email. Archiving and compliance is growing at a fast pace especially since the SEC and NASD have fine-tuned compliance requirements, particularly in the financial and legal sectors. Approximately seventy percent of all business communications are through email, meaning that email management and archiving is a business necessity.
According to The Radicati Group, Inc., a technology market research firm, the cloud email archiving market will grow from $2 million in 2009 to $5 million in 2013. This attractive fifty one percent growth rate is driven by the need for email archiving to satisfy compliance, legal discovery and storage optimization requirements.
"We have worked closely with legal practices and software vendors over the past 6 months to design an email management suite that fits the requirements of the modern law firm," stated Danny Jenkins, Chief Technology Officer of Cloud Centric Systems, Inc. "The offering not only covers secure online delivery and storage of all emails; it also gives law firms the ability to implement strict email policies and easily retrieve archived emails."
"We intend to market this product in Europe and in the US. We believe that we can penetrate this market quite quickly through strategic partnerships. VClouds will be offering this legal suite and rolling it out through our partners within a matter of a few weeks," stated David Lovatt, President and CEO of Cloud Centric Systems, Inc.
About Cloud Centric Systems:
Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiaries, Enable Software Ltd and VClouds Ltd.
Enable Software Ltd., a European based email management software solutions company, works exclusively with IT Service Providers to furnish them with the very latest in email management solutions for the modern market place. Their solution covers everything from Archiving, Anti-Spam, Disaster Recovery and Business Continuity.
VClouds Ltd. is a global provider of Email Management Software offering 'Hosted Email Management Service' and delivering 'Cloud Based' services through a Security as a Service model. The VClouds system will scan emails for spam, viruses, breaches in corporate compliance policy, monitors, and polices Data Leaks within corporate emails.
For more information, please visit http://www.cloudcentricsystems.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
Source: Cloud Centric Systems, Inc.
CONTACT: Cloud Centric Systems Investor Relations, +1-407-389-5900
Web Site: http://www.cloudcentricsystems.com/
Cloud Centric Systems, Inc. Subsidiary Launches New Compliance Package for the Legal Profession
Enable Software, Ltd. Targets Multibillion Dollar Legal Sector
LONDON, May 25 -- Cloud Centric Systems, Inc. (Pink Sheets: CLDR) is pleased to announce that the Company's wholly owned subsidiary, EnableTS, Ltd., has launched a new email management suite of products that is specifically targeted to the multibillion dollar legal sector. The package consists of compliance modules which will allow the legal sector to manage their corporate email compliance requirements and store emails in a secure online archive for up to seven years.
Lawyers email sensitive and confidential information to partners, colleagues and clients, often without considering the need for protecting the information within the email. Archiving and compliance is growing at a fast pace especially since the SEC and NASD have fine-tuned compliance requirements, particularly in the financial and legal sectors. Approximately seventy percent of all business communications are through email, meaning that email management and archiving is a business necessity.
According to The Radicati Group, Inc., a technology market research firm, the cloud email archiving market will grow from $2 million in 2009 to $5 million in 2013. This attractive fifty one percent growth rate is driven by the need for email archiving to satisfy compliance, legal discovery and storage optimization requirements.
"We have worked closely with legal practices and software vendors over the past 6 months to design an email management suite that fits the requirements of the modern law firm," stated Danny Jenkins, Chief Technology Officer of Cloud Centric Systems, Inc. "The offering not only covers secure online delivery and storage of all emails; it also gives law firms the ability to implement strict email policies and easily retrieve archived emails."
"We intend to market this product in Europe and in the US. We believe that we can penetrate this market quite quickly through strategic partnerships. VClouds will be offering this legal suite and rolling it out through our partners within a matter of a few weeks," stated David Lovatt, President and CEO of Cloud Centric Systems, Inc.
About Cloud Centric Systems:
Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiaries, Enable Software Ltd and VClouds Ltd.
Enable Software Ltd., a European based email management software solutions company, works exclusively with IT Service Providers to furnish them with the very latest in email management solutions for the modern market place. Their solution covers everything from Archiving, Anti-Spam, Disaster Recovery and Business Continuity.
VClouds Ltd. is a global provider of Email Management Software offering 'Hosted Email Management Service' and delivering 'Cloud Based' services through a Security as a Service model. The VClouds system will scan emails for spam, viruses, breaches in corporate compliance policy, monitors, and polices Data Leaks within corporate emails.
For more information, please visit http://www.cloudcentricsystems.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
Source: Cloud Centric Systems, Inc.
CONTACT: Cloud Centric Systems Investor Relations, +1-407-389-5900
Web Site: http://www.cloudcentricsystems.com/