Aon Consulting Worldwide, the global human capital consulting organization of Aon Corporation (NYSE: AOC), today announced its Financial Advisory and Litigation Consulting (FALCon) practice group now offers clients of its Litigation Preparedness and IT Risk Consulting service lines a new software solution, based on Atlas, from PSS Systems to facilitate records retention and preservation orders.
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"With the amendments to the Federal Rules of Civil Procedure and the potential sanctions for improper data retention, Aon's consultative approach combined with the Atlas software from PSS Systems enables clients to ensure compliance with the Rules," said Jerry Barbanel, executive vice president of FALCon. "In this increasingly complex environment, we are committed to providing clients with industry-leading expertise, technological solutions and a platform to drive down costs."
The Atlas software suite, provided in partnership with PSS Systems, has become a best practice standard of Fortune 500 companies to implement legal holds while reducing the burden of litigation; enable retention programs to be administered across disparate business units and information types; and provide a map of the data sources underlying both products to allow the synchronization of retention with legal holds.
The suite is comprised of two modules that leverage a common enterprise reference map and communications framework. Atlas LCC addresses the challenges of legal holds and collections for corporate litigation departments; Atlas ERM helps companies modernize their retention practices to address electronic data and the disparate data repositories across the enterprise. Both modules use the Atlas map of the enterprise, its business units and employees, data sources and systems, and the laws that impact various jurisdictions. When used in concert, the Atlas suite serves as a policy hub or "golden source" on what information companies must retain and preserve. By federating retention and hold rules to the people and systems with data, companies can rationally and legally dispose of unneeded data to reduce costs and risks.
"This partnership offers corporate customers the best of both worlds -- guidance on the legal holds process, discovery strategies and records management combined with the systems to automate, sustain and operationalize that guidance," said Deidre Paknad, President and CEO of PSS Systems. "We find that many companies struggle to institutionalize the guidance they receive from experts and Aon is a leader in offering clients a complete solution. We are delighted to be a part of their portfolio and to include them in our growing distribution network."
About Aon
Aon's Financial Advisory and Litigation Consulting Services practice (FALCon) (http://www.aon.com/falcon) specializes in providing financial, investigative and high-tech insight to help organizations with their most complex business, legal and regulatory issues. FALCon's experts apply their vast knowledge and experience in electronic discovery, high-tech investigations, information technology security, forensic accounting, litigation consulting, and corporate investigative and security services to assist clients with a broad range of issues.
Aon Consulting Worldwide (http://www.aon.com/hcc) is among the top global human capital consulting firms, with 2006 revenues of $1.282 billion and 6,500 professionals in 117 offices worldwide. Aon Consulting is shaping the workplace of the future through benefits, talent management and rewards strategies and solutions. Aon Consulting was named the best employee benefit consulting firm by the readers of Business Insurance magazine in 2006 and 2007.
Aon Corporation (NYSE: AOC)(NYSE: http://www.aon.com) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 43,000 employees working in Aon's 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.
About PSS Systems
PSS Systems started the legal holds and retention management software revolution in the early 2000s by envisioning a change in the legal requirements corporations would have to comply with. Its Atlas software suite consists of two components that when used together reduce cost and risk. Atlas LCC streamlines the legal holds and collection processes end to end, while Atlas ERM enables corporate retention programs across disparate business units, information sources, and systems. Today, PSS Systems continues to lead the industry through their unparalleled innovation and has become the thought leader on retention and preservation topics. It founded and sponsors the CGOC, a professional community on retention and preservation. PSS Systems is headquartered in Mountain View, California, with offices throughout the United States including New York, Los Angeles, Chicago, and Houston. For more information visit http://www.pss-systems.com/.
Atlas LCC, Atlas Litigation Communications and Collections, Atlas ERM, Atlas Enterprise Retention Management are trademarks of PSS Systems, Inc. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies.
This press release contains certain statements related to future results, or states our intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results depending on a variety of factors. Potential factors that could impact results include: general economic conditions in different countries in which we do business around the world, changes in global equity and fixed income markets that could affect the return on invested assets, fluctuations in exchange and interest rates that could influence revenue and expense, rating agency actions that could affect our ability to borrow funds, funding of our various pension plans, changes in the competitive environment, our ability to implement restructuring initiatives and other initiatives intended to yield cost savings, our ability to successfully execute strategic options for our Combined Insurance subsidiary, the impact of current, pending and future regulatory and legislative actions that affect our ability to market and sell, and be reimbursed at current levels for, our Sterling subsidiary's Medicare Advantage health plans, changes in commercial property and casualty markets and commercial premium rates that could impact revenues, changes in revenues and earnings due to the elimination of contingent commissions, other uncertainties surrounding a new compensation model, the impact of investigations brought by state attorneys general, state insurance regulators, federal prosecutors, and federal regulators, the impact of class actions and individual lawsuits including client class actions, securities class actions, derivative actions, ERISA class actions, the impact of the analysis of practices relating to stock options, the cost of resolution of other contingent liabilities and loss contingencies, and the difference in ultimate paid claims in our underwriting companies from actuarial estimates. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission.
Media Contacts Joe Micucci Amanda Woodrum Aon Consulting PSS Systems 312-381-4786 650-810-9703 Joe_Micucci@aon.com Amanda.woodrum@pss-systems.com
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SOURCE: Aon Corporation
CONTACT: Joe Micucci of Aon Consulting, +1-312-381-4786,
Joe_Micucci@aon.com; or Amanda Woodrum of PSS Systems, +1-650-810-9703,
Amanda.woodrum@pss-systems.com
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