NEW YORK — Global firms facing stringent cross-border data
privacy laws can now deploy a cloud-based data archiving and
compliance solution locally by leveraging Bloomberg’s global
infrastructure.

Today Bloomberg announced the latest extension to its cloud-
based enterprise information management service, Bloomberg
Vault. Called ’Local Vault,’ the new service leverages
Bloomberg’s expansive global network of data centers in more
than 55 countries to give global firms a highly scalable,
secure cloud-based solution for managing and archiving
corporate messages and digital communications.

“Bloomberg Local Vault is the first truly global service
capable of supporting various regional and national
regulations governing data transmission and storage, as well
as large-scale analytics,” said Harald Collet, global business
manager for Bloomberg Vault. “Local Vault makes it easier for
international organizations to leverage cloud-based solutions
for ’Big Data’ challenges.”

With Local Vault, data compliance and archiving policies can
be configured at the employee level to abide by prevailing
regional regulations across all corporate communications and
content, including e-mail, mobile communications, social media
content, instant messaging, files and documents.

Many multinational organizations, particularly those with
European operations, have difficulty managing sensitive
electronic data while adhering to regional data privacy
guidelines. An IDC survey* commissioned by the European
Commission’s Cloud Partnership initiative describes the
benefits and barriers to using cloud computing services in the
European Union (EU). Technology professionals surveyed by IDC
say issues related to legal jurisdiction, security, data
protection and data access and portability impede the adoption
of cloud computing-services.

Chris Dale of the e-Disclosure Information Project said,
“European enterprises are looking to cloud providers, such as
Bloomberg, to remove the barriers to cloud adoption, including
those posed by data privacy laws. Bloomberg’s Local Vault
combines the cost benefits of a managed service with the data
privacy controls required by global organizations.”

Bloomberg’s Local Vault service includes:

-A network of globally-linked secure local data centers that
allow for in-region or in-country archiving

-Secure data transfer, data storage, and instant search and
analytics tools

-Global services for user management, data retention
management, legal hold application, policy management, fine-
grained auditing and reporting

-Granular policy management to enable centralized access to
remote data archives.

Bloomberg executives will demo Bloomberg Vault functionality
at the Gartner ITxpo 2012 in Orlando, FL (October 21-24) at
booth 638, and also at NSCP 2012 (October 22-24) and FINRA’s
Advertising Regulation Conference
(October 25-26) in
Washington, DC.

To find out more about deploying Bloomberg Vault, please visit
www.bloomberg.com/vault, or contact Amy Wilson with Bloomberg
Vault’s sales team at +1-212-617-6580.

*IDC, Quantitative Estimates of the Demand for Cloud Computing
in Europe and the Likely Barriers to Up-take, SMART 2011/0045,
Final Report, July 13, 2012.

About Bloomberg LP

Bloomberg, the global business and financial information and
news leader, gives influential decision makers a critical edge
by connecting them to a dynamic network of information, people
and ideas. The company’s strength – delivering data, news and
analytics through innovative technology, quickly and
accurately – is at the core of the Bloomberg Professional
service, which provides real time financial information to
more than 310,000 subscribers globally. Bloomberg’s enterprise
solutions build on the company’s core strength, leveraging
technology to allow customers to access, integrate, distribute
and manage data and information across organizations more
efficiently and effectively.

Media Contacts

US – Vera Newhouse, vnewhouse@bloomberg.net, +1-212-617-6420

EMEA – Natalie Harland, nharland1@bloomberg.net, +44-20-3525-
8820

APAC – Belina Tan, belina.tan@bloomberg.net, +65-6231-3637