Bloomberg Launches Microsoft Office 365 Archiving
Bloomberg — the international business news agency, not the mayor of New York City — has announced that Bloomberg Vault, the company’s cloud compliance solution aimed at financial services firms, now integrates with the Microsoft Office 365 SaaS productivity suite.
According to the company’s press materials, Bloomberg Vault-Office 365 represents a strategic alliance with Microsoft that enables customers and MSPs alike to deploy real-time policy management, search analytics, eDiscovery and secure archiving as a service.
Harald Collet, global business manager for Bloomberg Vault, had this to say on the product’s value proposition:
“Financial services firms are struggling to meet regulatory and legal demands for the management and storage of electronic communications. Compliance mandates are increasingly complex and the capital costs can be significant. The aim of Bloomberg Vault-Office 365 is to help financial services organizations embrace the cloud and meet stringent regulatory requirements.”
And here’s the fact sheet:
- Integrated and secure archiving of all electronic communications as a hosted service, helping companies to reduce overhead costs by leveraging the cloud;
- Specialized features designed to help financial firms meet compliance requirements through real-time policy management, advanced search, eDiscovery and electronic records retention and preservation;
- Biometric security for compliance officers to enhance access controls.
It’s not a new idea by any stretch — several Microsoft partners announced similar value-added offerings for Microsoft Office 365 at the Microsoft Worldwide Partner Conference 2011 if they hadn’t already. But can Bloomberg’s sheer name recognition give it a boost in the marketplace?