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iLevel Solutions Successfully Completes SSAE 16 (SOC 1) Examination

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iLevel Solutions Successfully Completes SSAE 16 (SOC 1) Examination PR Newswire NEW YORK, July 10, 2012 - Certification Demonstrates Commitment to Excellence in Cloud Security and Controls NEW YORK, July 10, 2012 /PRNewswire/ -- iLevel Solutions, a leading provider of private equity software and reporting
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iLevel Solutions Successfully Completes SSAE
16 (SOC 1) Examination
PR Newswire
NEW YORK, July 10, 2012
- Certification Demonstrates Commitment to Excellence in Cloud Security and
Controls
NEW YORK
,
July 10, 2012
/PRNewswire/ -- iLevel Solutions, a leading provider of
private equity software and reporting solutions, recently announced that as a
part of its commitment to security and quality, it has recently completed and
obtained a service auditor's review for the Statement on Standards for
Attestation Engagements (SSAE) No. 16, commonly known as the Service
Organization Controls (SOC 1) examination. This certification, covering iLevel's
Portfolio Management Platform and corporate controls, demonstrates iLevel's
ability to handle data in a secure, cloud-based environment.
"A critical component in achieving SSAE 16 compliance is an organization's
ability to reduce risk and provide clients with controlled security measures,"
stated Rick Kushel, CEO for iLevel Solutions. "With a growing client base of the
world's foremost alternative asset managers, iLevel continues to make security
and compliance a top priority."
SSAE 16 is a regulatory standard issued by the American Institute of Certified
Public Accountants (AICPA). SSAE 16 replaces the previous SAS70 auditing
standard. The control objectives in iLevel's 2012 report addressed each of the
following areas:
Customer Support
Information and Database Security
Maintenance and Change Management
System Availability and Monitoring
"It is iLevel's responsibility to maintain proper controls and procedures that
ensure our clients' sensitive data is protected. The SSAE 16 examination
certification further validates the design and operational effectiveness of our
cloud offerings," said Lokesh Seth, Chief Technology Officer at iLevel. "The
successful completion of the SOC 1 examination is a significant part of iLevel's
continued commitment to maintain the highest levels of security and availability
for our clients, and reinforces our dedication to protecting our clients'
environments."
About iLevel Solutions
iLevel Solutions' Portfolio Management Platform is an innovative, highly secure
Software-as-a-Service technology solution that automates the collection,
storage, collaboration, analysis, and reporting of portfolio data. iLevel provides
a seamless platform that integrates all information for GPs and LPs to monitor
investments, prepare and report valuations, and exchange information. This
comprehensive, end-to-end platform serves as the backbone to completely
integrate reporting, analytical tools, and dynamic information sharing, and
includes components for Private Equity, Real Estate, Debt, and LP Reporting.
Investors in iLevel Solutions include Blackstone (NYSE: BX), The Carlyle Group
(NASDAQ: CG), Duff & Phelps (NYSE: DUF), Swift River Investments, and Egis
Capital Partners. For more information, please visit www.ilevelsolutions.com.
Contact:
iLevel Solutions
Hank Boggio
345 Park Avenue
EVP, Sales and Business Development
New York, NY 10154
(646) 746-1103
(646) 746-1100 - Phone
hboggio@ilevelsolutions.com
www.ilevelsolutions.com