Autonomy, an HP Company, Extends Market-leading Compliance Platform to Dodd-Frank

- New cloud-based solution provides financial institutions with turnkey system for achieving compliance with new federal law

ORLANDO, Florida, Oct. 22, 2012 /PRNewswire/ -- Gartner ITExpo -- Autonomy, an HP Company, today announced the availability of a new solution designed to help institutions meet the new reporting and regulatory requirements associated with the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Passed in July 2010, the Dodd-Frank Act represents the most comprehensive financial regulatory reform measures taken since the Great Depression. The law includes significant new requirements around the record keeping, retention and reporting of financial transactions, including derivatives and swaps. These requirements apply to all communications and information related to the execution of a trade, including transaction information, emails and recorded audio content. Institutions must retain all relevant information for a minimum of five years, and must deliver information in a very short timeframe when requested by regulators.

In order to achieve compliance, institutions must overcome a multitude of information governance challenges. Their systems must be able to recognize all information related to a trade, including structured data contained in transactional systems, as well as unstructured, human information found in emails, voice mails and Microsoft® Office documents. This information must be managed cost-effectively, so that companies do not break their budgets by indiscriminately storing all enterprise information in on-premises repositories for long periods of time.

Autonomy's compliance solution provides institutions with a unique approach for solving these problems. Powered by Autonomy's Intelligent Data Operating Layer (IDOL), the solution automatically understands concepts, ideas and patterns in all trade-related data. As a result, organizations can quickly index, categorize and retrieve information required to maintain compliance with Dodd-Frank, thus eliminating countless hours of manual effort and data searching.

Autonomy's solution for Dodd-Frank compliance brings together several elements of the company's market-leading information governance platform, giving institutions a comprehensive, turnkey and cost-effective solution for achieving compliance. These technologies have been tuned to interoperate in a seamless manner, and provide administrators with workflows and templates for fast and accurate turnarounds on Dodd-Frank compliance and records-management projects. The solution leverages Autonomy's proven, cloud-based compliance archiving product—the industry-standard on Wall Street—as well as an innovative technology for extracting, storing and retrieving structured data from operational applications. Together, organizations benefit from a comprehensive, complete solution for managing Dodd-Frank compliance.

The solution includes the following products:

• HP Application Information Optimizer—safely extracts and indexes structured data from production or legacy systems, and processes records for retention and archiving requirements.
• HP Autonomy Consolidated Archive—archives data on premises, in the cloud and via appliances, and provides the industry's only intelligent governance layer from which businesses can drive their compliance, eDiscovery and records management initiatives directly from archived data.

Additionally, the Autonomy solution leverages the HP Converged Cloud, allowing customers to take advantage of HP's world-class and proven cloud data centers for running mission-critical applications and operations.

"The record keeping and associated regulations issued under Dodd-Frank for the derivatives markets impose significant new information governance challenges," said George Tziahanas, vice president of Legal and Compliance Solutions at Autonomy, an HP Company. "Autonomy's ongoing leadership in this market has led major institutions, which represent major swap participants and dealers, to select Autonomy's extended compliance platform to help address their obligations"

The Autonomy Dodd-Frank Compliance solution is part of the Autonomy Protect suite of solutions for archiving, compliance, eDiscovery, enterprise content management and information governance.

Please visit www.autonomy.com/Dodd-Frank to learn more about Autonomy's solution for Dodd-Frank compliance.

About Autonomy

Autonomy, an HP Company, is a global leader in software that processes human information, or unstructured data, including social media, email, video, audio, text and web pages, etc. Autonomy's powerful management and analytic tools for structured information together with its ability to extract meaning in real time from all forms of information, regardless of format, is a unique tool for companies seeking to get the most out of their data. Autonomy's product portfolio helps power companies through enterprise search analytics, business process management and OEM operations. Autonomy also offers information governance solutions in areas such as eDiscovery, content management and compliance, as well as marketing solutions that help companies grow revenue, such as web content management, online marketing optimization and rich media management.

Please visit www.autonomy.com to find out more.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

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Editorial contacts

Randy Cairns
Autonomy, an HP Company
+1 650 687 8042
cairns@hp.com

www.hp.com/go/newsroom

SOURCE Autonomy, an HP Company