1Vault Networks (http://www.1vault.net/), a Category 5 hurricane-rated data colocation facility in Fort Lauderdale, today announced it has met the rigorous requirements for the Statement of Auditing Standards No. 70 (SAS 70) and has achieved the highly-sought-after SAS 70 Type II certification.
SAS 70 Solutions, a nationally recognized independent auditing firm, performed the extensive audit, covering April 15 to October 15, 2008.
SAS 70 is an acronym for the American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standards (SAS) No. 70 titled "Reports on the Processing of Transactions by Service Organizations." SAS No. 70 defines the professional standards used by a service auditor to assess the internal controls of a service organization and issue a service auditor's report.
In order to complete the audit, 1Vault management developed objectives for the significant areas of internal control, including control environment, physical security, environmental protection, computer operations, information security, application development and maintenance activities, data communications and application controls.
"We are excited about completing the SAS 70 II certification process," said Kevin Bly, Vice President of Business Development for 1Vault Networks. "1Vault's top priority is to mitigate our customer's risk and provide the services necessary to keep their business in business. Because our clients range from financial institutions to medical firms and government agencies, the SAS type II compliance is a requirement and the 1Vault controls put in place make it easier for them to focus on their primary business."
In addition to data colocation, 1Vault offers businesses and governmental agencies hosted IT services and disaster recovery suites. The high-tech facility provides a fully redundant infrastructure with utility power feeds backed by maximum-load generator support, A/C chillers for environmental control and a raised floor data center with full 9' ceiling height.
The state-of-the-art data center, located in Fort Lauderdale, Florida can withstand disruption caused by natural disaster, system failure or human intervention. The company's comprehensive plan covers business continuity, disaster recovery suites and seats, high-speed IP connectivity, self-contained power supply, support services, Iron Mountain SAN backup and recovery and SAS 70, Sarbanes-Oxley and HIPAA audit compliance certifications.
Tuesday, 22 December 2009
Saturday, 28 February 2009
Verizon Business
Verizon Business has successfully completed its annual SAS 70 Type II examination for the company's Remote IP Application Management Operations Centers in San Francisco and London, for the fourth consecutive year.
The company uses the centers to remotely manage and monitor its customers' critical applications and infrastructure, around the world. Third-party auditor Moss Adams examined the centers, closely reviewing and testing the control environment and corresponding internal controls for the monitoring and management services provided by Verizon Business. Specifically, Moss Adams examined control objectives in the areas of organizational structure, governance and administration; physical and environmental controls; logical access controls; and system availability and performance.
"Completing our SAS 70 examination each year demonstrates our unwavering commitment to delivering exceptional IT value to our customers," said Kerry Bailey, senior vice president, global services, Verizon Business. "With our deep expertise and world-class capabilities, Verizon Business is well-positioned to help its customers address their most challenging IT issues."
Verizon Business Remote IP Application Management services are engineered to keep customer applications and infrastructure functional, responsive and secure. The robust offering provides comprehensive monitoring and management of business-critical customer applications.
Outsourcing IT responsibilities to Verizon Business enables customers to benefit from high availability and exceptional performance while controlling operational costs. Customers can rely on Verizon Business Remote IP Application Management Operations Centers round-the-clock, year-round. They are staffed with skilled engineers, advanced operations platform technology and standards-based processes to manage customers' infrastructure and applications.
The company uses the centers to remotely manage and monitor its customers' critical applications and infrastructure, around the world. Third-party auditor Moss Adams examined the centers, closely reviewing and testing the control environment and corresponding internal controls for the monitoring and management services provided by Verizon Business. Specifically, Moss Adams examined control objectives in the areas of organizational structure, governance and administration; physical and environmental controls; logical access controls; and system availability and performance.
"Completing our SAS 70 examination each year demonstrates our unwavering commitment to delivering exceptional IT value to our customers," said Kerry Bailey, senior vice president, global services, Verizon Business. "With our deep expertise and world-class capabilities, Verizon Business is well-positioned to help its customers address their most challenging IT issues."
Verizon Business Remote IP Application Management services are engineered to keep customer applications and infrastructure functional, responsive and secure. The robust offering provides comprehensive monitoring and management of business-critical customer applications.
Outsourcing IT responsibilities to Verizon Business enables customers to benefit from high availability and exceptional performance while controlling operational costs. Customers can rely on Verizon Business Remote IP Application Management Operations Centers round-the-clock, year-round. They are staffed with skilled engineers, advanced operations platform technology and standards-based processes to manage customers' infrastructure and applications.
Friday, 6 February 2009
University of Texas Selects Configuresoft
The University of Texas (UT) System has selected Configuresoft's Enterprise Configuration Manager (ECM) and Configuration Intelligence Analytics (CIA) to be made available to all UT institutions, including 15 campuses, the University of Texas Investment Management Company (UTIMCO) and UT System Administration. The cross-platform deployment will enable UT institutions to establish and ensure ongoing compliance with current and future IT configuration and security protocols across Windows, UNIX, Linux and Mac OS platforms.
"Configuration management is a cornerstone strategy for improving information security across the UT System," said Lewis Watkins, Chief Information Security Officer with UT System. By using ECM, UT institutions are able to collect highly detailed critical configuration data from every Windows, UNIX, Linux and Mac OS workstation and server on the network. ECM provides comprehensive data collection and auditing capability and consolidates the information in a configuration management database (CMDB) for immediate access, analysis and reporting-essential functions for maintaining security and compliance. By focusing on proper internal controls and auditing, institutions are not only able to conduct the due diligence required for compliance with regulations, but more importantly, are able to maintain better performance in the long run.
"Security configuration management tools combine vulnerability assessment, patch management, automated remediation, and configuration compliance capabilities. They give organizations the ability to assess system configurations against known vulnerabilities and desired corporate compliance policies and take the appropriate actions," said David Friedlander, Senior Analyst, Forrester, Inc. "The best tools allow a seamless transition from assessment to configuration and remediation."
"Configuresoft is excited to add UT System to its growing list of large customers," said Michael Dunbar, Executive Vice President, Global Sales & Operations for Configuresoft. "UT System has long been an innovator in providing high-quality education, and we are excited to be selected as an IT vendor to help with UT System's security configuration management. As a leading provider of enterprise configuration management solutions, Configuresoft is focused on delivering exceptional value to our customers through world class product development, services and support."
"Configuration management is a cornerstone strategy for improving information security across the UT System," said Lewis Watkins, Chief Information Security Officer with UT System. By using ECM, UT institutions are able to collect highly detailed critical configuration data from every Windows, UNIX, Linux and Mac OS workstation and server on the network. ECM provides comprehensive data collection and auditing capability and consolidates the information in a configuration management database (CMDB) for immediate access, analysis and reporting-essential functions for maintaining security and compliance. By focusing on proper internal controls and auditing, institutions are not only able to conduct the due diligence required for compliance with regulations, but more importantly, are able to maintain better performance in the long run.
"Security configuration management tools combine vulnerability assessment, patch management, automated remediation, and configuration compliance capabilities. They give organizations the ability to assess system configurations against known vulnerabilities and desired corporate compliance policies and take the appropriate actions," said David Friedlander, Senior Analyst, Forrester, Inc. "The best tools allow a seamless transition from assessment to configuration and remediation."
"Configuresoft is excited to add UT System to its growing list of large customers," said Michael Dunbar, Executive Vice President, Global Sales & Operations for Configuresoft. "UT System has long been an innovator in providing high-quality education, and we are excited to be selected as an IT vendor to help with UT System's security configuration management. As a leading provider of enterprise configuration management solutions, Configuresoft is focused on delivering exceptional value to our customers through world class product development, services and support."
Finsbury Acquires Compassoft
Finsbury Solutions, a vendor of spreadsheet management and control software, today announced it has acquired the products and assets of Compassoft Inc, a US based governance risk and compliance software vendor. The strategic acquisition of Compassoft's End User Computing (EUC) products strengthens Finsbury's product coverage and customer base.
Finsbury is committed to supporting and developing Compassoft's EUC products. It will combine and integrate Compassoft's EUC software with its Spreadsheet Workbench solution to offer an advanced product suite for the management of spreadsheets and end user databases.
Jeremy Wood, Director of Finsbury Solutions, comments: "Regulatory obligations and best practice require companies to put in place more effective controls over EUC applications. The current lack of end user computing control is a serious and growing problem, particularly in the financial services sector.
"This acquisition enables us to provide the most complete set of spreadsheet and EUC control capabilities. Compassoft's enterprise EUC system's discovery and risk profiling capabilities are the most comprehensive and scalable in the market. This will be combined with our existing Spreadsheet Workbench solution, which sets the standard for spreadsheet security, access control, audit and analytics. With a customer base of more than 200 blue chip organisations we are now well positioned to explore further growth opportunities in this fast moving market."
Finsbury is committed to supporting and developing Compassoft's EUC products. It will combine and integrate Compassoft's EUC software with its Spreadsheet Workbench solution to offer an advanced product suite for the management of spreadsheets and end user databases.
Jeremy Wood, Director of Finsbury Solutions, comments: "Regulatory obligations and best practice require companies to put in place more effective controls over EUC applications. The current lack of end user computing control is a serious and growing problem, particularly in the financial services sector.
"This acquisition enables us to provide the most complete set of spreadsheet and EUC control capabilities. Compassoft's enterprise EUC system's discovery and risk profiling capabilities are the most comprehensive and scalable in the market. This will be combined with our existing Spreadsheet Workbench solution, which sets the standard for spreadsheet security, access control, audit and analytics. With a customer base of more than 200 blue chip organisations we are now well positioned to explore further growth opportunities in this fast moving market."
Centerstance Joints Intacct Program
Centerstance, has joined the Intacct Business Solution Provider partner program. As a member of the Intacct partner program, Centerstance will sell and implement Intacct financial management applications either standalone or in conjunction with other applications to small and mid-sized businesses.
Intacct, a leader in on-demand accounting and financial management applications, is the only on-demand financial management system seamlessly integrated with salesforce.com. Intacct rolled out its Business Solution Provider partner program in March 2008.
"We have crafted a comprehensive, partner-focused channel program to attract leading companies such as Centerstance to help service the exploding market for our on-demand financial applications," said Jerry Jalaba, vice president of channel sales at Intacct. "The Centerstance team brings the depth and breadth of expertise in on-demand consulting services that will add significant value to our joint clients. They also give Intacct a strong local presence in the Pacific Northwest, a growth area for small and medium-sized businesses."
"We've been recommending Intacct to our clients for years, so a partnership was a logical next step," states Arne Kainu, president and CEO of Centerstance. "Their on-demand financial management and accounting applications and their integration with salesforce.com enable us to help clients deploy seamless business processes across the enterprise. We believe that Intacct does for the finance team what CRM provides to the sales, marketing, and customer service organizations -- all within 'The Cloud'."
Intacct, a leader in on-demand accounting and financial management applications, is the only on-demand financial management system seamlessly integrated with salesforce.com. Intacct rolled out its Business Solution Provider partner program in March 2008.
"We have crafted a comprehensive, partner-focused channel program to attract leading companies such as Centerstance to help service the exploding market for our on-demand financial applications," said Jerry Jalaba, vice president of channel sales at Intacct. "The Centerstance team brings the depth and breadth of expertise in on-demand consulting services that will add significant value to our joint clients. They also give Intacct a strong local presence in the Pacific Northwest, a growth area for small and medium-sized businesses."
"We've been recommending Intacct to our clients for years, so a partnership was a logical next step," states Arne Kainu, president and CEO of Centerstance. "Their on-demand financial management and accounting applications and their integration with salesforce.com enable us to help clients deploy seamless business processes across the enterprise. We believe that Intacct does for the finance team what CRM provides to the sales, marketing, and customer service organizations -- all within 'The Cloud'."
Monday, 2 February 2009
OpenPages Sponsors Compliance Management Webinar
Who: Chris McClean, Analyst, Forrester Research; Julian Parkin, Group Privacy Programme Director, Barclays
What: Webinar: Taking a Strategic Approach to Managing Compliance
Where: To register for this Webinar, please visit Webinar Registration
When: Wednesday, February 4, 2009, 12 p.m. EST
In today's highly regulated business environment, organizations must comply with multiple global regulatory mandates, including privacy, industry, and process regulations. Regardless of the scope of an organization's compliance environment, similarities across regulations create overlapping management, documentation, control, and audit demands, which can overwhelm efforts to identify and manage compliance risk effectively and completely.
Please join Chris McClean, Forrester Analyst, and Julian Parkin, Group Privacy Programme Director at Barclays, for an informative Webinar on February 4, 2009 at 12 p.m. EST. Together, they will discuss how companies can take a strategic approach to managing compliance to effectively lower overall costs by leveraging common assessment processes and technology infrastructure. Learn from McClean how to improve your company's compliance program and properly manage requirements of specific regulations or standards. McClean will also help participants understand broad, strategic compliance programs in all regulatory areas.
Following McClean's presentation, hear from Parkin on how Barclays is developing its privacy methodology and tools to align with existing risk and compliance activity across the group. Parkin will also discuss privacy regulations as it pertains to Barclays' privacy initiative implemented across sixty jurisdictions worldwide.
What: Webinar: Taking a Strategic Approach to Managing Compliance
Where: To register for this Webinar, please visit Webinar Registration
When: Wednesday, February 4, 2009, 12 p.m. EST
In today's highly regulated business environment, organizations must comply with multiple global regulatory mandates, including privacy, industry, and process regulations. Regardless of the scope of an organization's compliance environment, similarities across regulations create overlapping management, documentation, control, and audit demands, which can overwhelm efforts to identify and manage compliance risk effectively and completely.
Please join Chris McClean, Forrester Analyst, and Julian Parkin, Group Privacy Programme Director at Barclays, for an informative Webinar on February 4, 2009 at 12 p.m. EST. Together, they will discuss how companies can take a strategic approach to managing compliance to effectively lower overall costs by leveraging common assessment processes and technology infrastructure. Learn from McClean how to improve your company's compliance program and properly manage requirements of specific regulations or standards. McClean will also help participants understand broad, strategic compliance programs in all regulatory areas.
Following McClean's presentation, hear from Parkin on how Barclays is developing its privacy methodology and tools to align with existing risk and compliance activity across the group. Parkin will also discuss privacy regulations as it pertains to Barclays' privacy initiative implemented across sixty jurisdictions worldwide.
AMDL Implementing GAAP Across US and China
AMDL, Inc a vertically integrated pharmaceutical company with operations in China and the US, announced today it is implementing a state-of-the-art, westernized enterprise accounting system across its US and China-based operations.
Developed by China-based Kingdee International Software, the new accounting system runs on a high-speed, point-to-point dedicated server system to completely streamline end-to-end accounting practices, financial reporting, taxation, corporate governance and controls to deliver real-time financials. The accounting system has already been implemented in AMDL's US-based headquarters and implementation across the Company's China-based pharmaceutical operations underway.
Over the past four years AMDL has seen over 100% year-over-year growth and anticipates continuing this trend for fiscal year 2009 where it is once again forecasting at least 100% sales growth. Management's decision to implement the new Kingdee accounting system is an instrumental part of the Company's plan to increase financial transparency, manage and run all operations on a real time basis, based on best business practices and standards.
According to AMDL's Chairman and CEO, Mr. Douglas MacLellan, "This implementation represents Kingdee's first US technology deployment, making AMDL the only China-based, US publicly-traded Company to operationalize an accounting system that meets the demanding and rigorous requirements of US GAAP-certified accounting standards. We took a very cost-effective and diligent approach in choosing Kingdee and we believe the system gives AMDL internal controls financially and operationally over our Chinese company publicly listed on a US exchange."
Developed by China-based Kingdee International Software, the new accounting system runs on a high-speed, point-to-point dedicated server system to completely streamline end-to-end accounting practices, financial reporting, taxation, corporate governance and controls to deliver real-time financials. The accounting system has already been implemented in AMDL's US-based headquarters and implementation across the Company's China-based pharmaceutical operations underway.
Over the past four years AMDL has seen over 100% year-over-year growth and anticipates continuing this trend for fiscal year 2009 where it is once again forecasting at least 100% sales growth. Management's decision to implement the new Kingdee accounting system is an instrumental part of the Company's plan to increase financial transparency, manage and run all operations on a real time basis, based on best business practices and standards.
According to AMDL's Chairman and CEO, Mr. Douglas MacLellan, "This implementation represents Kingdee's first US technology deployment, making AMDL the only China-based, US publicly-traded Company to operationalize an accounting system that meets the demanding and rigorous requirements of US GAAP-certified accounting standards. We took a very cost-effective and diligent approach in choosing Kingdee and we believe the system gives AMDL internal controls financially and operationally over our Chinese company publicly listed on a US exchange."
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