Mimecast, a leading email and data security company, has announced the launch of its new multipurpose archive solution built for the cloud with enhanced features including mobility, data recovery and preservation.

Th new product, Mimecast Cloud Archive delivers an all-in-one cloud service that integrates: a secure data repository, built-in data recovery, storage management, e-discovery and compliance capabilities.

It enables customers to access their email archive anywhere, anytime, and on any device in record speed, said the company in a statement.

According to new global data from Mimecast and Vanson Bourne, 88 per cent of organizations responded that they have experienced problems with their existing archiving solution.

Nearly 60 per cent cite administrative complexity as a top challenge, while 48 per cent experience a lack of scalability. Another 56 per cent are plagued by slow search performance.

Mimecast Cloud Archive is designed and optimized for the cloud, offering the scale, performance and advanced features needed to manage email today, said its top official.

"Most email archiving technology was built when email usage was much different. With email being the top communications channel for business, it’s growing at a rate where these on-premises solutions can’t keep up," remarked CEO Peter Bauer.

“Archive needs to be thought of as a digital memory– with multiple dimensions that secure corporate data, empower employees with anywhere, anytime access to email, and ensure regulatory and compliance obligations are met. With Cloud Archive, we’re able to give customers the confidence and control they need, with the industry’s fastest search speeds, to get more value from their email data today,” he added.-TraderArabia News Service