|By Business Wire||
|June 30, 2014 09:05 AM EDT||
Shareholder InSite®, Inc. (http://www.shareholderinsite.com), the premier provider of shareholder management, analysis, reporting and valuation solutions and services, today announced it has successfully completed the Statement on Standards for Attestation Engagements (SSAE) No. 16, commonly known as the Service Organization Controls (SOC 1) examination, for its Qval® and CapControls® Software as a Service (SaaS) platform and systems.
The SOC 1 (SSAE 16) examination was performed by BrightLine CPAs and Associates Inc., a full-service audit and consulting firm that specializes in reviewing integrated compliance solutions, including conducting SOC 1 examinations. SSAE 16, developed by the American Institute of Certified Public Accountants (AICPA), is the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services. The successful completion of an annual SOC 1 examination enables the demonstration of a substantially higher level of assurance and operational control.
“As the trusted provider of cloud enabled shareholder management, analysis, reporting and valuation solutions and services for venture capital (VC)/private equity investors (PE) and private companies, one of our top priorities is the security and data integrity of our Qval and CapControls platform,” said David LaFontaine, Chief Operating Officer of Shareholder InSite. "The SOC 1 examination is an important independent validation and demonstrates our continued commitment to the rigorous internal controls of our operational, infrastructure, and data security processes.”
The successful completion of the SSAE 16 (SOC 1) examination clearly demonstrates Shareholder InSite’s foundational commitment to establishing and maintaining the most stringent operational controls to ensure the highest quality and security of services on behalf of clients and partners.
About Shareholder InSite
Shareholder InSite is the premier provider of shareholder data management, analytics, reporting and valuation solutions and services for venture capital (VC)/private equity investors (PE) and private companies in their portfolios. Addressing growing pressures for transparency and regulatory compliance, Shareholder InSite helps private company CFOs and Controllers, as well as their venture investors – to better track, manage, analyze and report shareholder and financial data throughout the capital lifecycle. Our suite of self-valuation solutions and full-service FAS 157 (ASC 820) and 409a valuation offerings deliver unprecedented control and financial insights; simplify and accelerate the processes of internal and external reports and audits, while simultaneously cutting costs and improving the accuracy and defensibility of valuations. Shareholder InSite’s technology solutions and independent valuation services are developed, sold and serviced through our team of experienced professionals based in Nashville, Boulder, San Francisco and Boston. Visit www.shareholderinsite.com.
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