Open Letter to Securities and Exchange Commission Calls for Greater Transparency and Information Access - Silence Causes Uncertainty Around the Globe

BERLIN, May 31, 2010 /PRNewswire/ --

- Enterprise Content Management meets Mary L. Schapiro. German software solutions are highly respected all over the world for their ability to improve efficiency. As a hearing before the Senate revealed, an efficiency boost is something America's Securities and Exchange Commission is in urgent need of. Chairman Mary L. Schapiro is now receiving assistance from Germany to help her win the technological catch-up race.

ECM Allianz Deutschland is offering practical support to the Securities and Exchange Commission (SEC) under the motto 'GERMAN EFFICIENCY-BOOSTING SOFTWARE SOLUTIONS ARE WORLD CLASS'. The offer was triggered by the 'flash crash' of May 6, 2010, in which the Dow Jones Index fell by nearly 1000 points shortly before the close of trading. So far, the SEC has been unable to explain what caused the stock market to plunge. This is no surprise, given that one of the two watchdogs responsible still receives all its exchange-related data by fax and then enters it into its systems by hand. It remains to be seen how Chairman Schapiro will react to the offer of help.

ECM jetzt! (ECM now!)

In October 2009, d.velop AG, EASY SOFTWARE AG, ELO Digital Office GmbH, OPTIMAL SYSTEMS GmbH, SAPERION AG, SER Solutions Deutschland GmbH and windream GmbH came together to form ECM Allianz Deutschland GmbH. The aim is to make companies and organizations in all sectors more aware of the strategic importance of Enterprise Content Management (ECM) software.

    Additional printable image material available on request

    Related links:

    General information about ECM now! (ECM jetzt!) in German:
    http://www.ecm-jetzt.de

    Open letter on slideshare in English:
    http://www.slideshare.net/ecmjetzt/consultingvoucher-offenerbrief-en

    Open letter on slideshare in German
    http://www.slideshare.net/ecmjetzt/offener-brief-an-usbrsenaufsicht

    Background information to press release in English:

    CFTC official admits data still collected by fax
    http://www.ft.com/cms/s/0/4ad217b0-643a-11df-8618-00144feab49a.html


    Background information to press release in German:
    US-Borsenaufsicht SEC ist eine Rumpelbude
    http://www.wallstreet-online.de/nachrichten/nachricht/2954334-us-boersena

ufsicht-sec-ist-eine-rumpelbude.html

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    Your contacts for further information:

    Annette Stadler
    Carl-Zeller-Strasse 3
    85591 Vaterstetten, Germany
    Tel.: +49(0)8106-999502
    Fax: +49(0)8106-999503
    E-mail: [email protected]

    Mirko Herrmann
    Campaign Manager, ECM Allianz Deutschland GmbH
    c/o SER Solutions Deutschland GmbH
    Innovationspark Rahms
    53577 Neustadt/Wied, Germany
    Tel. +49(0)2683-984-262
    Fax +49(0)2683-984-220
    E-mail: [email protected]

SOURCE ECM Allianz Deutschland GmbH