Zantaz.com - Press Releases - 10.25.99
Summary
The investment was made by a number of leading venture capital firms that have funded several successful Internet start-up companies. The third round of venture capital financing will enable Zantaz.com to build on its current success of providing e-business archiving services to leading financial institutions. "I am delighted with the confidence investors have put in Zantaz.com in such a short period of time," said President and CEO, Ralph Mele. Zantaz.coms e-business archiving service, The Digital Safe(TM), helps securities firms comply with recent SEC regulations that require all electronic correspondence surrounding online brokerage transactions and communications to be archived to non-tamperable media that can be retrieved upon demand for audit purposes by regulatory agencies. "We believe this third round of funding combined with Zantaz.coms solid management team, will enable them to propel the growth of their Digital Safe(TM) services."