Jatheon Delivers Simple E-Discovery Compliance to Real Estate Sector
National Retail Properties Deploys Plug n Comply™ for Peace of Mind
ORLANDO and TORONTO — April 1, 2008 — Jatheon Technologies Inc., an e-mail archiving market leader, today announced the delivery of its full-featured, affordable e-discovery solution to the real estate sector. Named one of Deloitte’s Top 10 Companies-to-Watch, Jatheon Technologies’ Plug n Comply™ meets the pressing e-discovery compliance requirements necessary in this industry.
Florida-based National Retail Properties, a real estate investment trust (REIT), chose Jatheon's Plug n Comply e-mail archiving appliance to address its concerns over the ever-growing rules around e-discovery compliance. “It was cumbersome to retrieve archived e-mails under our old system,” explained National Retail Properties Vice President of Information Systems Dan Tervo. “We needed something smarter.”
According to Kieron Dowling, president and CEO of Jatheon Technologies, “The real estate sector is dealing with a rising number of Supreme Court rulings concerning e-discovery, particularly over the past few months. These precedents, combined with the increasing interest we’re seeing in disaster recovery strategies, are spurring many real estate organizations to follow the lead of other public companies and adopt an in-house e-archiving solution.”
Demand Heats Up for E-mail Archiving in the Real Estate Sector
It is now the law that electronic documents be shared in pre-trial discovery in federal court actions. Since the activities of real estate agents and brokers fall under the laws of the Federal Rules of Civil Procedure (FRCP), the U.S. Department of Housing and Urban Development (HUD), and other federal agencies, they cannot ignore this law.
As much as 70% of a company’s intellectual property is stored within the messaging system. E-mail is mission critical, and often e-mail servers are treated as corporate intelligence repositories — for which they were not designed. Recent research from the Radicati Group, Inc. states that the average corporate e-mail user sends and receives 133 e-mails a day, equating to 16.4 MB per day of storage. This number is expected to rise to 21.4 MB per user, per day by 2010.
After reviewing several archiving solutions — including one offered by their third-party e-mail hosting service — National Retail Properties selected the in-house Jatheon appliance. Citing an abundance of desired features, including on-site archiving capability, Tervo also stated affordability as a key deciding factor.
“Being a public company, a reliable compliance solution is very important to our productivity,” said Tervo. “It’s been a ‘set it and forget it’ technology. It’s easy to find messages when we need to, and otherwise it’s just peace of mind knowing it’s there.”
Plug n Comply for the Real Estate Sector
Jatheon's Plug n Comply family of appliance-based e-mail and message archiving solutions are ideally designed for real estate companies seeking full regulatory compliance, internal policy management, storage space management, and e-discovery functionality. Plug n Comply allows organizations to effectively manage their federal, industry and state regulated real estate legislation requirements.
National Retail Properties joins Jatheon’s expanding list of real estate customers including Canadian company Teranet, an organization that maintains the fully digital registry of all land titles in the Province of Ontario. A case study on Teranet can be found at Teranet Casestudy
About National Retail Properties
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2007, the company owned 908 investment properties in 44 states with a gross leasable area of approximately 10.6 million square feet. For more information on the company, visit www.nnnreit.com.
About Jatheon Technologies
Honored with Deloitte’s Top 10 Companies-to-Watch Award, Jatheon Technologies is the designer, developer and marketer of Plug n Comply™, a family of network appliances that simplify archiving, indexing, retrieval and dynamic monitoring of corporate e-mail and messaging data. Jatheon’s Plug n Comply offering is an integrated appliance that is simple, secure and scalable, offering absolute control of confidential messaging data whether it is e-mail or instant messaging. The Jatheon family of appliances enables organizations to meet and exceed the highest standards of regulatory compliance and corporate governance. Founded in 2004 and headquartered in Toronto, Canada, Jatheon serves North America and Europe through its network of global business partners.
© 2009 Jatheon