New Cloud-Based Financial Software to Ease Regulatory Compliance Demands

NEW YORK, Oct. 31, 2013 /PRNewswire/ -- Cohere Communications has announced the launch of its new affiliate company, Cohere Cloud Solutions, which will ease regulatory compliance for hedge funds, broker-dealers and investment advisory firms with the newest enterprise-grade, private cloud infrastructure available.  Cohere Cloud Solutions will be independent of Cohere Communications – soon celebrating its 10^th Anniversary – yet will leverage the company's existing technology, providing software that creates a highly resilient, flexible and secure environment.

"We began working on Cohere Cloud Solutions and its offerings in early 2013 to support the increased demand from our existing clients for a turn-key, cloud solution focusing on their current operating needs and emerging regulatory requirements. Our cloud solution will not only provide financial clients with the finest and most up-to-date compliance-based product offering they have seen, but also surprise them with unsurpassed support at attractive price points," stated Cohere Communications CEO, Steven Francesco.

Leading the cloud effort is Philip H. Reicherz, who will serve as co-founder and president of Cohere Cloud Solutions. His 20 years of financial services experience, which includes positions at Global Investment Banks and most recently as a Partner at SecondMarket, Inc., will be instrumental in driving strategic planning, product development and all global business initiatives. "As Chairman of the Risk Committee and Chief Principal Officer of a large, active broker-dealer, we often sought after a cloud solution that could ensure my compliance and legal team to comply with both mandatory and regulatory requirements while at the same time offering users secure virtual access to their desktops 24/7 from any device – desktop, laptop, tablet or mobile…now it's finally here," stated Reicherz.

Our Cloud Solution includes a fully-managed IT environment available through a three-tiered service package. Visitors to our website (www.coherecloud.com) will have access to an à la carte style application store offering a multitude of commonly utilized and industry compliant apps including a wide range of business resiliency services, such as disaster recovery, online backup and message archiving.

CLOUD SOLUTIONS KEY FEATURES:

ABOUT COHERE CLOUD SERVICES, INC. Cohere Cloud Services, Inc. services some of the most notable and recognized companies in the financial and media sectors providing a fully-managed IT solution the come with an "all access" pass to our one-of-kind à la carte virtual application store, home to the most popular and industry compliant applications on the market. Cohere Cloud Solutions also delivers a wide range of business resiliency services, including disaster recovery, online backup and message archiving. For more information, visit us online at www.coherecloud.com or call us at: 1-888-764-4956.

Contact: Stefano Tromba
Director of Strategic Marketing & Public Relations
Tel. 212.404.6907
Email

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SOURCE Cohere Cloud Solutions