Acquire an established and proven IT solution for the regulatory compliance, litigation support, HR and policy managementThe Business
This Company has developed both a hardware appliance and a software-only solution for electronic message capture, archive, search and retrieval, and analysis, for use by customers that require regulatory compliance, legal discovery, or have other message retention needs. The Company manufactures a hardware appliance for its applications that is sold through a global strategic partner and distribution channels. The Company also supplies a virtual appliance, which is VMware® Ready-certified and available under license to end users that have in-house email/messaging networks and hosting providers such as ISPs and telcos.
The Company’s products offer a competitive advantage in their ability to integrate multiple messaging systems, to deliver fast retrieval of messages stored, and to provide real-time analytics to detect and alert on policy violations. The Company’s technology has more than 50,000 man-hours of development time. The Company has regulatory-compliant customers in nearly every industry.
Market
The markets for the Company’s products are institutions that have a need to collect and organize their electronic messages enterprise-wide for regulatory compliance, litigation support and policy management. For some industries, email archiving is a legal requirement. For others, organizing email and IM is critical for investigations, lawsuits and HR matters. The email archiving market has been estimated as over $2B in 2009 and is expect to grow to $5B in 2013.
The Company focuses on institutions that have 100 to 10,000 users, which is a market of more than 300,000 potential customers in the United States across the industries of financial services, legal services, health care and life sciences, manufacturing, education and local governments.
The Company is early stage, but has revenue and successful customer installations. Products are targeted at organizations with 100 to 10,000 users, as well as service providers who can license the software for offering their customers a per user/per month added-value service.
Sector: Information TechnologySegment: Computer SoftwareRegion: North AmericaFinancing Size: $1m to $5mContact: John Ralston
Company: RLS AssociatesTelephone: +1 302 992 0400Email: [email protected]