INDATA, a leading industry provider of software, technology and services for buy-side firms, today announced the successful completion of the Service Organization Control (SOC) 2 Type II and Statement on the Standards for Attestation Engagements (SSAE) 18 Type II audits. Conducted by an independent auditor, the certifications verify that the system architecture and security controls across iPM, iPM Cloud and associated INDATA products and services continue to provide highly secure, available and private cloud software and services offerings.
SOC 2 Type II and SSAE 18 Type II assessments, introduced in 2011 and updated in 2017, provide third-party assurance about a provider’s internal operating practices related to security, availability, processing integrity, confidentiality and privacy and are the financial industry’s standard for software, private cloud and infrastructure-as-a-service providers. The comprehensive examination period was conducted over a number of months and concluded with an onsite audit to authenticate the effectiveness of policies.
“We are very pleased to have achieved this accreditation which attests to our expertise as a provider and also the dedication of our employees,” commented David J. Csiki, President of INDATA. “We will continue to invest in our best-of-class software, technology and services infrastructure to the benefit of our clients,” he added.
For more information on INDATA’s product offering, visit www.indataipm.com
INDATA is a leading specialized provider of software, technology and services for buy-side firms, including trade order management (OMS), portfolio modeling, compliance, portfolio accounting and front-to-back office delivered via iPM Epicïƒ’ - the industry’s first investment technology platform specifically designed for the era of big data. INDATA’s iPM – Intelligent Portfolio Management® technology platform allows end users to efficiently collaborate in real-time across the enterprise and contains the best of class functionality demanded by sophisticated institutional investors. The company’s mission is to provide clients with cutting edge technology products and services to increase operational efficiency while reducing risk and administrative overhead.
INDATA provides software and services to a variety of buy-side clients including asset managers, registered investment advisors, banks and wealth management firms, pension funds and hedge funds. Assets under management range from under $1 billion to more than $100 billion across a variety of asset classes (i.e. equity, fixed income, etc.) both domestic and international.