To better compete in the increasingly important data-compliance industry, IBM announced a new solution called the IBM TotalStorage Data Retention 450. The Data Retention 450 provides a data-compliance and data-retention system that combines an IBM server with IBM's TotalStorage technology and the new IBM Tivoli Storage Manager for Data Retention software. "New demands have been placed on companies of all sizes to manage large amounts of content and data," Rich Lechner, vice president of IBM Storage Systems, said. "We see compliance as an opportunity to help clients improve their business operations and gain control and advantage from their information assets."
   The solution can manage information ranging from email to instant messages to contracts. IBM's solution will help companies that need to support government data-retention regulations, including the Sarbanes-Oxley Act of 2002, the Health Insurance Portability and Accountability Act (HIPAA), and US Securities and Exchange Commission (SEC) Regulation 17a-4. The Data Retention 450's capacity starts at 3.5TB and is expandable to 56TB. Pricing for the product, which will be available in March 2004, will start at $141,600.