Fortune 100 Financial Services Leader Adopts the Nyxeia Solution During Height of COVID-19 to Enhance Its Capabilities

NEW YORK--(BUSINESS WIRE)--Nyxeia, Inc. is pleased to announce that it has signed an enterprise software solution agreement with a North American Fortune 100 financial services firm with almost $40B in revenue and responsibility for nearly $1T in assets. The agreement was signed during the height of the COVID-19 epidemic, demonstrating the importance placed by the firm on Information Governance.

Why does Information Governance matter, especially now?

Simply put, pressures on organizations to support their increasingly virtual workforce can magnify the risk and productivity issues posed by “business as usual” information management practices. The Information Governance Suite helps address this challenge, helping Nyxeia customers better protect sensitive customer and employee information, eliminate redundant or obsolete material, and demonstrate compliance with data privacy protection regulations like GDPR, CCPA, and others.

Nyxeia CEO JD Sillion shared his thoughts on the deal, commenting that “We’re proud to see customers invest in ways that will make them stronger as we emerge from this time of challenge. Nyxeia is doing the same, and is treating this difficult experience as an opportunity, not just a challenge.” The agreement provides a software subscription as well as implementation and support services for the Information Governance Suite.

The solution will bring strong benefits across the customer organization. For Legal, Compliance, and Records teams it will bring more consistent and demonstrable adherence to information retention schedules needed for regulatory compliance and litigation support. For IT, it will bring reductions in storage costs, and greater data security to the organization’s distributed workforce. For operational staff serving the company’s customers, it will bring enhanced productivity thanks to the regular removal redundant, obsolete, and trivial content that makes up nearly a third of enterprise information in most organizations.

For more information on Nyxeia and the Information Governance Suite solution, visit the company’s website at https://www.nyxeia.com/.

About Nyxeia: Nyxeia provides the industry’s most innovative software to help organizations identify their sensitive and valuable information to be more informed, efficient, and compliant with privacy protection regulations. With discovery, policy management, and workflow solutions, Nyxeia provides Insight Reimagined^TM.