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StoredIQ Announces Customer Deployment of Information Classification and Management Platform

Posted on: Wednesday, 7 September 2005, 12:00 CDT

- Medline, Berkshire Hospitals, Atlantic Healthcare, and Blue Cross Blue Shield of Arizona among Customers Choosing StoredIQ's Information Classification and Management Platform

StoredIQ, a leading enterprise software provider for the automated classification and management of unstructured data, today announced four new clients in the healthcare industry. These clients are using StoredIQ's newest release, Version 3.5, to locate and protect electronic protected health information (ePHI) in files across the network as well as in the general management and retention of files throughout the storage ecosystem.

"Up to 80% of storage in any given enterprise is comprised of unstructured information," said Bob Fernander, StoredIQ's chief executive officer. "Finding and managing electronic information that represents high risk or high value is fundamental in achieving security and compliance objectives. Our clients recognize that by looking at content to classify a file, the files can be then properly secured, moved, retained or destroyed. When customers manage information intelligently they are able to optimize infrastructure costs while achieving compliance with their own security and retention policies."

StoredIQ's Classification and Management Platform is provided in a 2U appliance that provides unprecedented insight into customer's unstructured information within hours of installation. The platform examines the internal content of unstructured information and identifies concepts and facts that help classify the information contained within. Once the concepts are identified and a "class" is assigned, the system looks to a business policy to direct automated action against that file. These actions could include securing, moving, deleting, or copying a file to a new location. The system then creates an audit trail of the classification and policy actions are taken on that file.

"If you can't classify a file, you can't manage that file. And if you can't manage files, then you are unable to effectively manage the security and lifecycle of stored information," commented Mac McMillan, chief executive officer of CynergisTek, a leading security and compliance consulting firm. CynergisTek's clientele include, Atlantic Healthcare, Berkshire Hospitals, Virtua Hospital and others. "Using StoredIQ's technology solution to locate ePHI is essential in managing security, compliance risk and customer privacy in healthcare. Without this technology, hospitals, corporations and insurance providers can not possibly know what they have nor where it lies within their storage ecosystem." Other customer uses of StoredIQ's platform have included storage migration, consolidation, and optimization.

"Today, many companies are retaining everything causing storage costs to grow exponentially," said Arun Taneja, Founder of The Taneja Group, a technology analyst firm specializing in storage and server management. "By classifying legacy and newly created files, the IT function can better manage information based on business value and dramatically affect the footprint and spend on incremental storage assets."

About StoredIQ

StoredIQ is the leading provider of enterprise information classification and management solutions for unstructured data. These solutions provide for visibility and control of unstructured objects across a network and allow companies to effectively understand their value or risk and, therefore, take management action according to business policy. The company was founded in 2001, is privately held and is located in Austin, Texas.

Source: Business Wire

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