Oxford Capital Partners Invests in Compliant Phones Ahead of new FSA Regulations

By Compliant Phones, PRNE
Wednesday, June 1, 2011

LONDON, June 2, 2011 -

- Leading Investor Backs Patented Inline Mobile Recording(TM) Solution

Oxford Capital Partners (OCP), a specialist private equity organisation,
has led a GBP2m ($3.2) investment in Compliant Phones, the UK's leading
independent mobile and voice recording company, to accelerate the global roll
out of its Inline Mobile Recording(TM) technology and services. This solution
has been designed to support the financial community, ahead of new Financial
Services Authority (FSA) mobile recording regulations, coming into force in
November 2011.

Colin Watts, Investment Director at Oxford Capital Partners, said: "We
are very pleased to support the roll out of this innovative technology which
will enable global organisations to address their risk-management and
compliance requirements in a fully connected communications environment."

Watts added: "We undertook an exhaustive review of the options before
deciding to invest in Compliant Phones. We're confident Compliant Phones has
the best solution to ensure the financial market is ready to adopt new FSA
mobile recording regulations in November-and the innovative thinking and
know-how to stay at the forefront of this exciting new market."

Vodafone Global Enterprise, the business within Vodafone which manages
the communications needs of its largest multinational customers, uses
Compliant Phones' intellectual property within its Vodafone Mobile Recording
solution. This service enables regulated financial firms to record all
incoming and outgoing mobile calls, voicemails and texts in anticipation of
new regulations on compliance.

Compliant Phones' second-generation Inline Mobile Recording(TM)
technology has been specially developed to work across any network,
worldwide, overcoming the limitations of network-only based solutions for
global customers. It also eliminates the need to change phone numbers or
air-time provider. Patent-protected technology gives the user fast and
transparent operation for the best possible experience through either a
cloud-based service or an enterprise solution which is located behind the
corporate firewall.

The latest technology from Compliant Phones provides the highest level of
compliance out of any system on the market needed to fully meet the FSA
Taping of Mobile Phones regulation. From November 2011, it will be mandatory
for UK financial service businesses to record mobile calls and text messages
involving the giving of advice and taking orders, no matter where the call is
placed or received, in the home network or whilst roaming. Similar
legislation is being enacted across other European states, most recently in
Norway, under the umbrella of the EU Markets in Financial Instruments
Directive (MiFID).

Curtis Nash, Compliant Phones' CEO, added: "Mobile recording regulation
is an important new market opportunity for Compliant Phones, so we welcome
today's support from Oxford Capital Partners. Our strength in this sector is
that our recording solution provides a fast, transparent and flexible
solution for the global financial services market. Trading is a global
twenty-four seven activity and Compliant Phones' technology provides
solutions to meet this environment and deliver compliance to financial
institutions of any size."

Media contact: Paul O' Grady, Senior PR Consultant, Metia, T: +44(0)20-3100-3511

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