Sector, Inc. Announces Membership in HP Service Provider Program

Sector is offering email compliance solutions on HP platforms

New York, N.Y., April 14, 2003 — Sector, Inc., a leading managed services, communications, and data distribution provider for the financial services industry (and the subsidiary of the Securities Industry Automation Corporation (SIAC)), has joined the HP Service Provider Program. The program is designed to drive next-generation offerings to market and generate awareness for solutions for the financial services industry and now will include products developed by Sector to run on HP platforms.

By qualifying for this program, Sector surpassed HP’s requirements for operational standards and quality support for enhanced quality of service and customer experience for mutual customers. Sector’s market position, its outstanding operational standards and quality support for customers in the financial services industry all contributed to Sector’s qualification.

"Working with HP is strategic for Sector because it allows us to take advantage of HP’s best-in-class infrastructure, storage and servers and it will provide us with access to a large direct sales force, technical resources, support services and field professional services," noted Sector President and CEO Fred Del Gaudio. "This alliance further demonstrates our commitment to meeting our customers’ needs and building trusted relationships through a partner-enabled business model."

Sector recently announced the launch of its email compliance initiative, which utilizes HP StorageWorks solutions. This effort was developed in response to recent enforcement actions by the SEC and self-regulatory organizations regarding SEC Rule 17a-4 and other rules, which highlighted the challenges of complying with the specific terms of regulations regarding the archiving of company email.

Sector’s solution collects, indexes, and archives broker/dealer’s email to a fully SAS 70 certified facility operated within the SIAC data centers. It also ensures data integrity and verifies the accuracy, completeness, and synchrony of the stored email. The solution leverages HP technology across the industry-standard ProLiant server line, including ProLiant BL blade servers and ProLiant Essentials software, as well as StorageWorks network storage and network management suites of tools.

"We are excited to be assisting Sector in bringing their new solutions to the financial services market," said Drew Caola, Americas FSI Sales Vice President, HP Enterprise Systems Group. "In working with Sector, HP is helping to ensure that customers continue to receive the quality solutions they expect."

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