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Wedbush Securities has invested in SaaS (News - Alert) Email archiving solution from Proofpoint.

Officials with Proofpoint said that Wedbush Securities is now fully deployed with the company’s Enterprise Archive, a SaaS email archiving solution.

Prior to deploying Proofpoint (News - Alert) Enterprise Archive, Wedbush Securities was using an on-premises archive solution. Wedbush Securities found solution to be inefficient and very cumbersome to use. After evaluating other SaaS archiving solutions, Wedbush Securities found that Proofpoint Enterprise Archive could easily create IT efficiencies and solve issues that were critical to the organization for their compliance and eDiscovery needs.

According to company officials, Wedbush Securities is using Proofpoint Enterprise Archive to improve IT efficiencies for eDiscovery and compliance, while also protecting all email with built-in Proofpoint DoubleBlind Encryption for a complete, secure SaaS archiving solution.

Wedbush Securities has reportedly gained approximately a 50 percent efficiency improvement in the email supervision process by using the compliance feature in Proofpoint Enterprise Archive.

"We have been using Proofpoint's security solutions since 2004, and we needed to find a new archiving solution to better suit our needs. We were impressed with the features and benefits of Proofpoint Enterprise Archive and have been a happy Proofpoint customer for years," said Mattias Tornyi, director of IT at Wedbush Securities, in a statement.

Tornyi said that the archiving solution was up and running in a couple of days and the user interface is extremely intuitive and easy-to-use, making implementation and training completely seamless for IT and Compliance.

"Proofpoint Enterprise Archive addresses the challenges that many financial institutions face today with finding a secure, efficient archiving solution for email," said Peter Galvin, chief marketing officer of Proofpoint.

Galvin said that Proofpoint's archive solution is a cost-effective storage repository with powerful eDiscovery and compliance features that benefit both IT and legal departments.

“It securely stores encrypted email data in the cloud, while allowing legal and compliance organizations to quickly review or search for relevant email," he said.