New Relationship to Provide All-Encompassing Email and Social Media Compliance Solution
Renton, Wash. – October 20, 2014 – Erado, an innovator in electronic communication compliance, announced today that it has expanded its partnership with Investacorp, Inc., to include Erado’s email archiving and all-encompassing social media compliance platform. Investacorp, an independent financial services firm comprised of 500 advisors, selected Erado to deploy its full platform after utilizing social media archiving over the past five years. With the expanded relationship, Erado will provide archiving and surveillance for electronic communications on every Investacorp social media channel and email.
The expanded partnership is a result of Erado’s ability to archive and survey more data than its competitors by capturing content at the source of creation, enabling Investacorp’s advisors to use the native apps on all input devices from multiple locations without installing extra software or working through a third party portal.
Erado is the only social media archiving vendor that has an automated process for capturing historical data, allowing Investacorp to archive and survey communications even if a profile is disconnected and reactivated.
“Being able to provide the confidence of regulatory compliance and the convenience of using Erado apps allows our advisors to more comfortably and frequently use social media,” said Rana Chander, Executive Vice President of Operations and Chief Information Officer for Investacorp. “By selecting Erado as our solution for all electronic communications, we have a one-stop shop that makes life easy for both our advisors and compliance team.”
Investacorp initially implemented Erado’s compliance solution in 2009 to monitor select social media channels – LinkedIn, Facebook and Twitter. With the rise of social media over the past five years, Investacorp elected to add Erado’s solution to archive and monitor all additional social media channels, including Instagram, Google+, YouTube and Vimeo.
Erado’s social media solution gives Investacorp’s advisors the confidence to maximize social networking in order to increase exposure to clients and prospects while remaining compliant with FINRA and SEC regulations. Erado’s platform not only enables Investacorp’s compliance team to efficiently and reliably monitor all electronic communications, it has also allowed Investacorp to utilize social media to expand its own business for recruiting and networking opportunities.
In addition to adding Erado’s full complement of social media solutions, Investacorp also chose to add Erado’s email archiving and hosting platform, which allows the firm to have one centralized area to store all archives. This solution allows Investacorp the ability to have easy access to all electronic communications for review by the compliance team on a regular basis.
“We are excited to deepen our relationship with Investacorp and provide their firm with the tools they need to continue to grow,” said Craig Brauff, Chief Executive Officer for Erado. “Our social media solution is a perfect fit for the firm of the future, allowing our clients in the most regulated industries to realize the benefits of social media.”
Erado is an innovator in electronic communication compliance, delivering archiving, analytics, security, and hosted services to customers worldwide. Since 1994, Erado has assisted organizations manage and enforce cost-effective compliance and retention policies. See www.erado.com for more information or call 866-673-7236.