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Lehman Brothers archives e-mail with Iron Mountain

15 July 2002  |  1934 views  |  0 Lehman Brothers archives e-mail with Iron Mountain

Lehman Brothers is to use Iron Mountain's SEC-compliant Web-based digital archival and retrieval solution for managing electronic correspondence with customers.

Under the agreement, Lehman Brothers will use Iron Mountain's Enterprise Value Archives Architecture (EVAA) solution to provide long-term storage and access for its broker-dealer e-mail communications.

Regulatory requirements, such as SEC Rule 17a-4, and the growing use of electronic records in the legal discovery process, dictate specific archiving and retention requirements for e-mail and other electronic documents.

Peter Delle Donne, president, Iron Mountain digital archives division, says: "Through our digital archives, we provide broker-dealers with SEC compliant digital archiving capabilities at a cost significantly lower than a typical in-house solution."

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