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Press Release
Capstone Investments and Liquidnet Join Leading Institutional Traders By
Selecting FaceTime Communications as the Standard for Instant Message Auditing
In All-Size Organizations
FaceTime's Network-Independent IMAuditor Chosen by Capstone Investments And
Liquidnet to Manage, Capture, Store and Supervise IM Communication
FOSTER CITY, Calif., June 3, 2002 -- Continuing to build on its rapid sales momentum
in deploying instant messaging business applications for financial services,
FaceTime Communications, the premier provider of network-independent instant
messaging (IM) applications for business, today announced that both Capstone
Investments, a full service investment firm, and Liquidnet, the
fastest-launching alternative trading system (ATS) for buy side institutions,
have chosen FaceTime's IMAuditor product to enable compliant real-time
communications for institutional traders.
IMAuditor gives Capstone Investments
and Liquidnet the ability to leverage the power of public instant messaging
networks such as America Online (AOL) for time-sensitive business
communications, while ensuring administrative controls are in place to comply
with government regulations.
"Capstone views its choice of FaceTime's
IMAuditor as a significant
competitive advantage for our traders who can now continue to use already
familiar IM tools without a disruptive change to proprietary offerings to
conduct time-sensitive business transactions inside and outside the
enterprise," said Steve Capozza, President of Capstone Investments. "FaceTime's
proven ability to provide the only solution that can manage and control IM
usage for any network, solidified our decision to rapidly put
IMAuditor into
production."
"At Liquidnet, we felt it was vital to plan for the future and partner with a
company that has a proven track record in providing enterprise-level
communication tools," said Eric LeGoff, Liquidnet's COO. "Our members have come
to rely on IM as a critical communication tool and we wanted to proactively
address the logging and auditing compliance concerns without affecting their
ability to continue using their existing buddy lists. We chose FaceTime because
of the company's ability to provide us with a solution that was easy to install
and configure, had no impact on our staff and members, and satisfied our
compliance requirements."
"Our latest customer wins in the financial services industry demonstrate the
agility of the IMAuditor product," said Glen Vondrick, FaceTime's President
and CEO. "FaceTime's technology can be scaled for use by small, medium and
large-sized firms who are seeking to gain control of IM while being able to
simultaneously meet compliance regulations.
IMAuditor enables both Capstone
and LiquidNet's traders to continue using familiar IM networks from providers
such as AOL, Microsoft, Yahoo! or Lotus, for real-time communication with other
institutional traders who use IM. Their decision to work with FaceTime further
validates IMAuditor's strength in enabling enterprise employees to use any IM
network."
FaceTime's unique technology advantage, IM expertise, and ability to provide
customers with authorized application access and integration to any network,
enables the company to deliver practical, value-add solutions on multiple IM
network infrastructures for any business. FaceTime's
IMAuditor provides IT
professionals the confidence and information security controls to manage public
and private IM networks in the enterprise. The FaceTime
IMAuditor includes an
easy installation and configuration process, no change in behavior for users of
existing instant messaging clients and buddy lists, Web-based reports, and
support for existing corporate proxy servers.
About Capstone Investments
Capstone Investments has specialized services to provide professional managers
with the tools essential for effective fund management. These services are
tailored specifically to meet the individual needs of fund managers across a
wide array of investment strategies and operational demands. These services
include capital introductions, soft dollars, trading platforms, research and an
agency trading desk. Simply put, our goal is to reduce the burdens associated
with operating a fund and to allow managers to focus on maximizing returns for
their clients.
About Liquidnet
Liquidnet is an Alternative Trading System (ATS) for large institutional
investors designed to allow the trading of large blocks of stocks anonymously
with little to no market impact costs. Liquidnet's unique architecture and
model have solved the major problem facing B2B exchanges and ATSs -- building a
critical mass of liquidity. Through advanced Internet-enhanced technologies,
Liquidnet has created a community of large institutions that delivered massive
liquidity beginning on day one. Liquidnet is a registered broker/dealer,
headquartered in New York City with offices in Boston, Chicago, Los Angeles and
London. Liquidnet Europe Limited is regulated by the Financial Services
Authority.
About FaceTime Communications
FaceTime Communications enables the safe and productive use of instant
messaging, Web usage and Unified Communications platforms. Ranked number one by
IDC for four consecutive years, FaceTime's award-winning solutions are used by
more than 900 customers – including nine of the 10 largest U.S. banks – for
security, management and compliance of real-time communications. FaceTime
supports or has strategic partnerships with all leading public and enterprise
IM network providers, including AOL, Google, Microsoft, Yahoo!, Skype, IBM and Jabber.
FaceTime is headquartered in Belmont, California. For more information visit
http://www.facetime.com or call 888-349-FACE.
The FaceForward blog, at http://blog.facetime.com,
offers thoughts and opinions about the changing nature of Internet communications.
PR Contact:
Emily Chamberlin
650-762-2945
echamberlin@ar-edelman.com
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