Companies’ core offerings allow regulated businesses to leverage the value of social media engagement while minimizing compliance risk
SAN JOSE, CA – October 30, 2014 – ZL Technologies, Inc. (ZL), a leader in enterprise-class information governance, today announced a strategic partnership with Hearsay Social® that pairs the strengths of ZL’s Unified Archive® (ZL UA) with Hearsay Social’s leading social media platform. The partnership enables regulated financial institutions to fully leverage the business benefits of fluid social engagement, while appropriately governing content for long-term management and FINRA and SEC compliance.
The boundless growth of social media in the digital era has underscored the need for businesses to adapt to this new standard of communication. In industries where regulations require organizations to monitor communications with clients, there has often been hesitation to fluidly engage in valuable interactions with new and existing customers. The ephemeral nature of online social activity has often evaded the long-term archiving and lifecycle management policies required by regulated firms, causing both risk and loss of potential engagement.
With ZL UA and Hearsay Social, corporate social media activity can be managed seamlessly for legal, compliance, storage, and records lifecycle needs all within a single-platform environment that consolidates all unstructured data for long-term management and access. The partnership empowers business users to implement Hearsay Social’s industry-leading control and pre-review workflow and tools for managing social activity at scale, while leveraging ZL UA’s unparalleled capacity for permanent management of diverse data types. The result is a defensible ecosystem where enterprise social media activity across multiple social networks can be granularly screened and preserved for compliance, all while being managed in the same comprehensive repository.
“We’re proud to be teaming up with ZL Technologies, a leader in enterprise archiving, to enable our joint customers to roll out successful and compliant social media initiatives,” said Hearsay Social CEO Clara Shih. “Hearsay Social is committed to helping firms address regulatory compliance at massive scale while leveraging their existing investments in technology and compliance.”
“Social media is no longer a novelty: it is an essential business tool with its own ROI and metrics,” noted Kon Leong, CEO of ZL Technologies. “But in regulated sectors, compliance requirements and real-time social interaction have traditionally been seen as contradictory. We’re excited that our partnership with Hearsay Social opens new doors for clients to leverage the full breadth of social engagement while still exceeding stringent regulatory demands for information governance.”
About ZL Technologies
ZL Technologies makes Unified Archive® software (ZL UA) to enable large enterprises to manage all unstructured content such as e-mail and files, to satisfy corporate archiving needs for e-Discovery, records management, regulatory compliance, corporate governance, and storage management. It also enables the same unstructured content to become the organization’s Corporate eMemory™ for competitive advantage, such as sharing knowledge, experts, and history across the enterprise. ZL UA’s unique differentiator is its unified architecture, which consolidates all applications and billions of documents under one platform, thus eliminating today’s fractured data silos which significantly raise operating costs and legal risks. Demonstrating a proven track record with Global 500 customers and strategic partnerships with major players such as Oracle, Unisys, and SunGard, ZL has emerged as the technology leader in harnessing unstructured “Big Data” for strategic advantage. For more information, please visit www.zlti.com.
About Hearsay Social
Hearsay Social empowers global financial services professionals to efficiently and successfully use social media to engage with and serve clients in a compliant manner. The enterprise-ready solution helps agents and advisors quickly and easily move beyond yesterday’s relationship building tactics and to get found and strengthen relationships with social media. Tens of thousands of financial services professionals worldwide use Hearsay Social every day to hear and respond to everything their customers and prospects are saying on top social networks, including Facebook, LinkedIn, Twitter, and Google+. The Hearsay Social platform boosts advisor and agent productivity while enabling brand integrity and compliance for even the most regulated industries.
Hearsay Social, an Efma Associate Partner, LIMRA Elite Strategic partner and SIFMA strategic partner, has raised $51M from Sequoia Capital, NEA, and top executives from Facebook, Twitter, and Google, and is headquartered in Silicon Valley with dedicated local presences in New York, Chicago, Atlanta, Austin, Toronto, and London.
Hearsay Social Blog: https://hearsaysocial.com/blog