Integrated Solution Designed to Protect Sensitive Information, Manage Email and Help Ensure Regulatory Compliance
AIIM ON DEMAND CONFERENCE AND EXPO,
PHILADEPHIA, Pa - May 18, 2005 - FileNet Corporation (Nasdaq: FILE), the leading provider of Enterprise Content and Business Process Management solutions and Hitachi Data Systems Corporation, provider of Services Oriented Storage Solutions™ solutions and wholly owned subsidiary of Hitachi Ltd. (NYSE: HIT), today announced an integrated solution designed to help customers preserve and protect sensitive enterprise information. This solution, based on Hitachi industry-leading storage systems, integrates Hitachi Data Retention Utility software with the FileNet P8 Enterprise Content Management (ECM) platform release 3.5.
FileNet P8 enables companies to make better decisions faster by uniquely addressing their content and process needs, including managing content in and outside of FileNet repositories from a central, federated catalog. Together, FileNet and Hitachi Data Systems will provide solutions that include integration of FileNet's Content Manager, Email Manager, Records Manager and Image Manager with the Hitachi Data Retention Utility software. The Data Retention Utility provides Write-Once Read-Many (WORM) functionality for disk media across all tiers of Hitachi storage.
This combination plus Hitachi Data Systems recently announced HiCommand® Tiered Storage Manager provides an enabling infrastructure to effectively manage information as enterprise content management and information lifecycle management technologies continue to converge.
HiCommand Tiered Storage Manager builds upon the large-scale virtualization capabilities of the Hitachi TagmaStore™ Universal Storage Platform and is the first software product to help users define and dynamically move data across multi-dimensional tiers of storage without disruption to the application itself.
The new joint FileNet-Hitachi Data Systems solution will help customers manage and store very large volumes of documents, including critical email and other business records on Hitachi's high performance storage area network (SAN)-based storage subsystems. In addition, this solution can address corporate governance and regulatory compliance directives including Sarbanes Oxley, SEC 17a-4, and HIPAA, which mandate specific document retention periods, immutability and the establishment and proof of required document control and management processes.
"Enterprise Content Management and high performance storage infrastructure solutions are a natural complement when it comes to helping customers meet the challenges of managing information," said Martyn Christian, chief marketing officer, FileNet Corporation. "We believe this joint solution offers tremendous synergy between the two companies' technologies, offering opportunities to enhance our respective capabilities and address compliance of regulatory initiatives and management of the information lifecycle in order to deliver greater customer benefits."
FileNet's support of Data Retention Utility further extends the company's long-established support of Hitachi storage products and solutions. With a shared installed base of more than a hundred of the Fortune 2000 customers in today's key industries including financial services, government, telecommunications, utilities and manufacturing, the Data Retention Utility support effort has already galvanized increased activity between FileNet and Hitachi Data Systems growing Enterprise Content Archival solution sales and marketing group. The joint FileNet-Hitachi Data Systems solution is targeted for customer availability in Q3 of 2005.
"Working with FileNet will enable Hitachi Data Systems to take another step toward delivering the most comprehensive and integrated portfolio of Services Oriented Storage Solutions solutions," said Scott Genereux, executive vice president and general manager of Worldwide Sales, Channels and Support at Hitachi Data Systems. "The combination of Hitachi storage systems and software with FileNet's industry-leading ECM solutions enable our customers to archive data while managing costs and ensuring regulatory compliance. Working together, we can deliver a strong value proposition to our mutual customers by offering a range of cost effective storage solutions that precisely match application requirements."
FileNet Corporation (NASDAQ: FILE) helps organizations make better decisions by managing the content and processes that drive their business. FileNet's Enterprise Content Management (ECM) solutions allow customers to build and sustain competitive advantage by managing content throughout their organizations, automating and streamlining their business processes, and providing a spectrum of connectivity needed to simplify their critical and everyday decision-making.
FileNet ECM products are designed to deliver a broad set of capabilities that integrate with existing information systems to provide cost-effective solutions that solve real-world business problems.
Since the Company's founding in 1982, more than 4,000 organizations, including more than three quarters of the FORTUNE 100, have taken advantage of FileNet solutions for help in managing their mission-critical content and processes.
Headquartered in Costa Mesa, Calif., the Company markets its innovative ECM solutions in more than 90 countries through its own global sales, professional services and support organizations, as well as via its ValueNet® Partner network of resellers, system integrators and application developers.
Hitachi Data Systems leverages global R&D resources to develop storage solutions built on industry-leading technology with the performance, availability and scalability to maximize customers' ROI and minimize their risk. By focusing on the customer's perspective as we apply the best hardware, software, and services from Hitachi and our partners, we uniquely satisfy our customers' business needs.
With 2,900 employees, Hitachi Data Systems conducts business through direct and indirect channels in the public, government and private sectors in over 170 countries and regions. Its customers include more than 50 percent of Fortune 100 companies. For more information, please visit our Web site at www.hds.com.
Hitachi, Ltd., (NYSE: HIT), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 347,000 employees worldwide. Fiscal 2004 (ended March 31, 2005) consolidated sales totaled 9,027.0 billion yen ($84.4 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company's Website at www.hitachi.com.
This release may contain forward-looking statements that involve risks and uncertainties, including statements regarding the anticipated benefits and performance of FileNet's products and future market demand for FileNet's products. Words such as "anticipates," "expects," "intends," "plans," "believes," "may," "will" and similar expressions are intended to identify forward-looking statements. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are FileNet's ability to develop, complete, introduce, market, distribute and gain market acceptance for its products and technologies in a timely manner; unforeseen technical difficulties related to the development and optimization of FileNet's products; announcements of technological innovations, new products or product enhancements by FileNet or its competitors; general market conditions; and other factors detailed in the FileNet's filings with the United States Securities and Exchange Commission, including its recent filings on Forms 10-K and 10-Q.
Carol Thornton
FileNet Corporationc
Tel 714-327-3746
cthornton@filenet.com
Tony Hynes
Hitachi Data Systems
Tel (408) 970-4836
tony.hynes@hds.com
Wadooah Wali
Blanc & Otus Public Relations
Tel (415) 856-5150
wwali@blancandotus.com
© 2005, Hitachi Data Systems Corporation. Hitachi Data Systems is registered with the U.S. Patent and Trademark Office as a trademark and service mark of Hitachi, Ltd. FileNet and ValueNet are registered trademarks of FileNet Corporation. All other company or product names referenced in this release may be trademarks or registered trademarks of their respective owners.
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