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TORONTO, ON - March 29, 2006 - Fusepoint Managed Services Inc., a leading provider of outsourced IT solutions, today announced that Datacare Software Group and Recombo Inc. have each selected Fusepoint to manage mission-critical IT infrastructure and applications related to the storage and protection of their clients' corporate governance and compliance data.
In response to the passing of recent securities and corporate governance legislation, such as Sarbanes-Oxley, Fusepoint has seen an influx of new customers seeking an accredited IT partner to manage sensitive corporate compliance information. Datacare and Recombo both required an outsourcing partner that was SAS 70 and CICA 5900 compliant in order to guarantee the security of their customers' electronic information.
Datacare helps Fortune 500 companies manage corporate governance and compliance obligations related to specific international regulatory filings, including those with the Securities and Exchange Commission in the U.S., the Federal and Provincial Governments of Canada, and governments in the UK and Hong Kong.
"Our clients are large public enterprises. They require a high degree of certainty in trusting us with their sensitive data and an assurance that their provider meets the highest possible standards," said Andrew Moore, Vice President of Sales and Marketing for Datacare. "U.S. clients are virtually demanding SAS 70 certification or they are not willing to work with you."
Recombo WAYPOINT enables small and medium sized businesses to securely publish critical documents through email and append 'read and understand' signature blocks to monitor accountability, practice responsible leadership, and mitigate risk. It also helps customers meet regulatory compliance requirements by creating an irrefutable trail of dissemination, review, and follow up actions around high impact documents. To ensure the highest security around such critical information, Recombo stores all interaction with this content at a Fusepoint facility.
"As a company which prides itself on being able to safeguard our customers' most important communications, we needed to be sure our secure storage partner met the highest security standards and were pleased to find that with Fusepoint," said Mike Gardner, President and CEO of Recombo Inc. "With both the CICA 5900 and SAS 70 certifications, Fusepoint delivers on the strict security and support requirements we maintain on behalf of our customers."
As IT departments face the ongoing challenge of meeting corporate governance and compliance requirements, businesses of all sizes have been increasingly looking to source accredited service providers to manage IT environments on behalf of their customers.