Object-Based Storage Software Provider Storiant Receives SEC Rule 17a-4(f) Compliance Certification

Storiant, Inc., provider of cold storage software for private clouds and big data analytics, announced that its software meets the requirements of the SEC’s Rule 17a-4(f) governing long-term data retention.

The certification marks the first time financial services companies can adhere to regulatory requirements with a secure private cloud that matches pubic cloud economics (less than $.01/GB/month).

Storiant received the certification from Cohasset Associates Inc., an independent, third-party auditor that detailed the system’s requirements, assessment, capabilities and considerations that meet SEC regulatory compliance.

“Too many financial companies have had to live with expensive and isolated storage options to comply with SEC regulations,” said Jeff Flowers, CEO and co-founder, Storiant. “Now, with software that makes it possible to comply with regulations in a private cloud – at public cloud prices – these companies can finally take advantage of a new generation of economical, scalable and secure storage. The advantages of a private cloud are no longer out of reach.”

Storiant software is an object-based storage management solution for exabyte-scale data.

According to Cohasset, “it operates independently from client applications and has intrinsic integrated controls that prevent content from being prematurely overwritten, deleted or altered.”

Cohasset certified that Storiant software meets requirements of:

• SEC (SEC) 17 C.F.R. § 240.17a-4(f), which regulates exchange members, brokers or dealers.
• Commodity Futures Trading Commission (CFTC) 17 C.F.R. § 1.31(b)-(c), which regulates commodity futures trading.

In addition to SEC 17a-4(f) compliance, Storiant also offers following benefits:

• Object store for managing structured and unstructured data
• Exabyte scalability
• Software managing low-cost commodity drives including new shingled magnetic recording disks
• Fast data throughput for migration and big data analytics
• Power down capability that uses 75% less power, plus doubles disk life
• Once-per-year maintenance via sparing and redundancy to reduce support costs
• Eighteen nines of reliability with two copies, plus immutability for compliance
• Easy integration via cloud-ready REST interface and gateways