- 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.
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Contact:
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iLevel Solutions
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Hank Boggio
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345 Park Avenue
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EVP, Sales and Business
Development
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New York, NY 10154
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(646) 746-1103
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(646) 746-1100 -
Phone
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hboggio@ilevelsolutions.com
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www.ilevelsolutions.com
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