version control in v4.0.3

we are in the process of evaluating different cms solutions for our
web site and FarCry v4.0.3 is one of possible choices. It was my
understanding that version control and archiving are fully supported
in this version, but I got different message from potential developer:
"By default, FarCry only captures page title, created date and
username. Additional modification to the CMS to incorporate full
versioning and rollback is required." Is this statement correct?
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