In 2003, a major investment bank came to Globanet with a compliance challenge… and Merge1 was born.
It Started By Helping Wall Street With Email Archiving
In the early 2000’s Globanet was a pioneering email archiving consultancy. It led some of the earliest, as well as most complex, email archiving deployments of the time. Many of these deployments took place at financial services firms: Broker-Dealers, Investment Banks, Hedge Funds and Insurance Companies.
Financial Service Companies Had To Archive More Than Just Email
These financial services companies were mandated by financial regulators to archive electronic communications. While email was the king of electronic communications during this time, traders and financial professionals were also using other electronic platforms to communicate, such as the infamous Bloomberg terminals. Electronic communications taking place over these platforms had to be archived as well but, at the time, there was no solution to this need.
A Problem. A Product. A Solution.
One day, one of Globanet’s clients, a global investment bank, shared with Globanet the need to archive messages from these financial platforms in order to be in compliance with SEC 17a-4. Subsequently, they asked Globanet if they knew of a way to archive not just emails but also electronic communications happening over their Bloomberg terminals.
This would require innovating a solution to capture and store those communications into the Bank’s archive. Always up to the task of finding innovative solutions, Globanet organized a development team, which developed a software solution to ingest Bloomberg communications into the Bank’s existing email archive. This was the beginning of a product that would become Merge1.
Graduating To Social Media Archiving and Much More
As corporate communications evolved and started taking place over a myriad of digital channels beyond just email, Merge1 also evolved to support archiving social media, social enterprise, financial platforms and mobile / text messaging. Today, Merge1 by Globanet support dozens of messaging platforms and empowers hundreds of corporations to archive their workforce’s communications with their existing infrastructure.
Merge1’s intention was always to provide clients peace of mind through an elegant messaging solution that is:
- Simple in design
- Proactively updated
- Easy to deploy and use
To this day, Merge1 remains one of the most advanced, yet simplest, solutions for archiving communications and other content by using an enterprise’s existing email archive and storage.