Citrix ShareFile Helps Financial Firms Meet Compliance Requirements with New Archiving Capability

  Citrix ShareFile Helps Financial Firms Meet Compliance Requirements with New
  Archiving Capability

Business Wire

SANTA CLARA, Calif. -- April 02, 2013

Citrix today announced that ShareFile, the company’s popular secure file
sharing service, now offers Archiving for Financial Services to help firms
comply with data archiving regulations. This offering enables financial
services organizations to satisfy their record-keeping requirements under SEC
and FINRA rules and avoid costly fines associated with not meeting regulatory
requirements. In the past year, customer adoption in the financial sector
doubled as more institutions turned to ShareFile for a secure and easy-to-use
solution to store and send large files. Today’s news helps the company further
address the market.

Registered Investment Advisors (RIAs) and Broker-Dealers (BDs) are required to
maintain records of customer contact in alignment with archiving regulations.
Many use one service to collaborate and share documents that are not covered
by archiving laws, while simultaneously maintaining a separate system for
their regulated documents. ShareFile simplifies the user experience into one
secure solution.

Key Benefits

ShareFile Archiving for Financial Services helps users comply with
record-keeping requirements, such as SEC and FINRA, by offering retained,
indexed, auditable and searchable records of client communications for the
period required or longer. Account files, folders, sent messages, active and
inactive links and notifications are archived rather than deleted when no
longer needed.

Frontier Wealth Management and Pennsylvania Trust are among the first
companies to select ShareFile Archiving for Financial Services to help them
achieve compliance.


According to Terri McClure, Senior Analyst, Enterprise Strategy Group, “Given
concerns about data security, the threat of lost IP (intellectual property),
regulatory compliance violations, or worse, Enterprise Strategy Group has long
maintained that organizations should increasingly focus on gaining control of
individual employees’ online file sharing accounts by providing and
standardizing on one IT-approved solution for the entire organization.”

“Our customers’ needs and workstyles inform every design choice that we make,”
said Jesse Lipson, VP & GM, Data Sharing, Citrix. “Today, it is more critical
than ever for financial institutions to maintain access to accurate records of
their communications with customers to ensure they remain compliant with
industry regulations. ShareFile offers the most complete electronic record
keeping solution for compliance on the market, providing customers with the
ease and assurance that they can access the data they want when they most need

Related Links

  *Video Demo: Introducing Archiving for Financial Services
  *Blog: New feature allows ShareFile to help financial firms achieve

Follow Us Online

  *Twitter: @ShareFile, @Citrix

About Citrix

Citrix (NASDAQ: CTXS) is the cloud computing company that enables mobile
workstyles—empowering people to work and collaborate from anywhere, accessing
apps and data on any of the latest devices, as easily as they would in their
own office—simply and securely. Citrix cloud computing solutions help IT and
service providers build both private and public clouds—leveraging
virtualization and networking technologies to deliver high-performance,
elastic and cost-effective services for mobile workstyles. With market leading
solutions for mobility, desktop virtualization, cloud networking, cloud
platforms, collaboration, and data sharing, Citrix helps organizations of all
sizes achieve the kind of speed and agility necessary to succeed in an
increasingly mobile and dynamic world. Citrix products are in use at more than
260,000organizations and by over 100 million users globally. Annual revenue
in 2012 was $2.59 billion.Learn more

For Citrix Investors

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respective owners.


Lori Shen
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