Contract for 6,000 channels
CYBERTECH ADVANCES COMPLIANCE-RECORDING LEADERSHIP WITH LARGE CONTRACT FOR VOICE-AND-DATA RECORDING
• Global Bank Selects 6,000 Channels of Trading Floor Recording
• Deal Reflects Increasing Demand For Compliance Recording Worldwide
AMSTERDAM, APRIL 16, 2009 - CyberTech International today announced the signing of a contract for 6,000 channels of recording for a globally-branded financial services organization. The agreement reflects a worldwide trend toward comprehensive and transparent compliance that exceeds regulatory directives in place in many of the world's largest financial centers. It also represents one of the largest single contracts of its type in the call recording industry, and for CyberTech.
The agreement grew from a strategic decision on the customer's part to lead in world-class compliance, and strictly through solutions that exceed regulations while lowering costs of overall ownership. Under the contract, the organization's name and other terms are not disclosed.
"As the financial services industry adopts gold-standard compliance technologies and policies to prove and assure value and stability, we are proud to be chosen as this bank's trusted service provider for compliance recording," said Paul Manyweathers, Director Global Business Development. "As one of a very small group of manufacturers equipped to install and support voice recording solutions globally, CyberTech has built a track record of providing cost-effective solutions to the financial sector. We are pleased that this status is recognized through a contract of such strategic importance."
Key factors that weighed in CyberTech’s favor during the evaluation process included reduced total cost of ownership, flexibility and significantly expedited turnaround in deployment. Such installations may take months to complete and deliver; CyberTech deploys in less than four weeks. CyberTech compliance recording delivers the industry's most advanced, secure and user-friendly solutions available on the market, exceeding regulatory requirements through the ability to reliably record and store calls while leveraging customers' highly secure IT network infrastructures.
