BUMI Offers Free Backup and Recovery Services for Hedge Funds Meeting March 30th Compliance Deadline

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BUMI Providing Services to Hedge Funds Working Toward Meeting SEC Deadline

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“Hedge funds are now faced with double the anxiety related to managing their data,” said Jennifer Walzer, CEO of BUMI.

BUMI (Backup My Info!), the premium provider of online backup and recovery solutions for small to mid-sized businesses, today announced that it will be offering its data continuity services for hedge funds working toward meeting their March 30 registration deadline with the Securities and Exchange Commission (SEC). Hedge funds that sign with BUMI by March 15 will receive one month free of backup and recovery software and support and a guarantee of data protection by the mandatory deadline.

The SEC adopted rules in 2011 that require advisers to hedge funds and other private funds to register with the SEC. The March 30 deadline, which pertains to hedge funds that manage over $150 million in assets or that have 15 or more clients in the U.S, was originally slated for the summer of 2011 but was subsequently rescheduled.

“Hedge funds are now faced with double the anxiety related to managing their data,” said Jennifer Walzer, CEO of BUMI. “They have to worry about backup and recovery as well as SEC compliance. They also need to understand that compliance does not equal data protection. We want to make sure that as they work toward compliance they’re also putting systems and strategies in place to protect sensitive financial information, which, of course, is their lifeblood.”

With over 100 financial services clients, its largest customer representation, BUMI has considerable experience working with financial governing bodies such as FINRA and the SEC as well as compliance partners like email archiving company Global Relay.

“In the event of an outage, we wanted the capability to recover from a major data loss,” said Hilary Martin, Financial Planner at FWCG, a Silicon Valley-based wealth planning firm. “With BUMI and Global Relay in place, I feel completely covered, both from a FINRA-compliance and data backup and recovery perspective.”

In order to redeem a month of free service, fill out this online form: http://www.bumi.com/contact/trial.php. One month of free service is contingent upon signing a 12-month contract with BUMI.

For more information on BUMI, visit http://www.bumi.com.

About BUMI (Backup My Info!)
Founded in 2002, BUMI (Backup My Info!) specializes in delivering online backup and recovery solutions for small to mid-sized businesses. Based in New York City, BUMI provides an off-site data protection solution that addresses critical issues such as rapid growth of data, business continuity, and regulatory compliance. Every BUMI client is cared for by a team of senior-level engineers dedicated to providing proactive and personalized support. Clients include professional service organizations such as banking, financial, insurance, accounting, hedge funds and law firms. For more information, visit bumi.com, call (866) 444-BUMI (2864), or follow on Twitter at twitter.com/backupmyinfo.

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Mark Tordik
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