28 January 2008
In the new age of Web 2.0, businesses need to keep a tighter grip on security and corporate policies or risk heavy fines, according to Logicalis, which has acquired specialist governance vendor Iconium.
The integrator last week bought the business and certain assets of the software developer, which provides compliance, security and business intelligence tools.
Tom Kelly, UK managing director at Logicalis, said governance had rested with security experts within a company but it will become a more mainstream part of everyday business processes.
"It will sit at the heart of a business and from a collaborative point of view allow people to work in a more secure environment," he said.
In the past year the Financial Services Authority has dished out fines of £300,000 to Capita Financial Administrators and £1.26m to Norwich Union for not having proper anti-fraud controls in place.
The intellectual property of Iconium will be integrated with Microsoft’s collaborative Sharepoint tool, IBM FileNet enterprise content management application and EMC Documentum.
Post-Enron compliance had been placed squarely under the spotlight said Jon Collins, services director at analyst firm Freeform Dynamics, and offering this type of service helped channel players become more valuable to customers.
"Software such as this will continue to become more relevant to businesses and is there to support good management," he said.
