FileNet Ships New Version of Award-Winning FileNet Records Manager Suite

FileNet Corporation (Nasdaq: FILE), the leading provider of Enterprise Content and Business Process Management solutions, today announced general availability of the latest release of its FileNet Records Manager suite, version 3.5. Featuring newly developed capabilities called Intelligent Retention and Content Federation Services, FileNet Records Manager now offers business users enhanced out-of-the-box flexibility to meet compliance goals across multiple content repositories and legal jurisdictions. The news follows FileNets announcement that the company has entered into an agreement to acquire compliance software developer Yaletown Technology Group (see press release entitled, FileNet Announces Agreement to Acquire Yaletown Technology Group).

The FileNet Records Manager 3.5 release brings significant new features and capabilities to market, including Intelligent Retention. Intelligent Retention provides alternative or optional retention periods based on any number of variables or rules that may be imposed upon an organization by multiple regulatory authorities. For example, most organizations conduct business across many jurisdictions (i.e. states, provinces, or countries) and must comply with the different retention rules imposed upon them by multiple government and regulatory authorities. They often run the risk of applying the wrong retention period for records in a specific jurisdiction. By accounting for the different retention rules across multiple jurisdictions, FileNet Records Manager now intelligently accommodates the many variables and conditions that mandate retention while simultaneously reducing complexity and chance of error, thus lowering records administration costs and effort.

FileNet Records Manager 3.5 is also integrated with FileNet Content Federation Services (CFS), which enables FileNet Records Manager to be integrated with and federate content from a broad range of both FileNet and non-FileNet content repositories. FileNet Content Federation Services allows enterprises to search, catalog, classify, secure, retain, comply, activate, update and delete content residing in repositories across the enterprise. Coupled with Records Manager, CFS can prevent unauthorized access, inadvertent or intentional alteration or destruction of official records, and enforce legal holds while preserving a full audit trail.

In addition, FileNet today announced its intent to acquire Yaletown Technology Group, including Yaletowns recently announced Records Crawler for FileNet technology for enhanced records management capabilities. The addition of Records Crawler now makes FileNet Records Manager the first enterprise-class records management solution to offer an integrated, intelligent rules-based capture and management solution for unmanaged records at the file system level. Applying the same set of server-based rules used for FileNet Email Manager, Records Crawler controls and audits the document upload process, automating the decision whether to upload a record.

In addition, FileNet also announced partnerships with leading records and information management services firms, including Access Sciences, IMERGE Consulting, Inc., Millican & Associates and Robbins-Gioia.

The acquisition of Yaletown Technology Group and the inclusion of Records Crawler, Intelligent Retention and Content Federation Services into the FileNet Records Manager 3.5 solution enables FileNet to support our customers most critical regulatory compliance needs, said Martyn Christian, chief marketing officer for FileNet. For the first time, an organization now has a rules-based capture and management solution that fully accounts for multiple regulatory bodies and the numerous content repositories across an entire organization. This comprehensive and flexible solution can clearly deliver our customers a distinct competitive advantage.