NETSOL Solidifies its Commitment to Data Protection by Achieving SOC 2 Type 2 Compliance
June 14 2023 - 9:15AM
NETSOL Technologies, Inc. (Nasdaq: NTWK), a global
business services and enterprise application solutions provider to
the global asset finance and leasing industry, has successfully
achieved SOC 2 Type 2 compliance, with a global audit conducted by
A-LIGN, a technology-enabled security and compliance partner
trusted by more than 2500 global organizations to help mitigate
cybersecurity risks.
Previously, NETSOL had already attained SOC 2 Type 1 Compliance.
By further attaining SOC 2 Type 2 compliance, the Company continues
to demonstrate its dedication to safeguarding the data of its
clients and their customers. This achievement affirms that all
system requirements have been met in accordance with the security
standards outlined by AICPA (the American Institute of
Certified Public Accountants), as defined by the applicable trust
services criteria.
“Serving a diverse range of clients across the world, we
comprehend the significance of data protection and our clients are
rest assured that their data, and the data of their customers, is
handled in accordance with the most stringent security standards
available,” said Najeeb Ghauri, Founder and CEO of NETSOL
Technologies, Inc. “Achieving SOC 2 Type 2 compliance showcases our
successful implementation of robust controls on a global scale,
ensuring that risks related to security, integrity, and
confidentiality of data are effectively addressed.”
The examination of the Company’s suite of products and software
services was carried out at its Calabasas, California; London,
England; Beijing, China; Sydney, Australia and Lahore, Pakistan
facilities. About NETSOL TechnologiesNETSOL
Technologies, Inc. (Nasdaq: NTWK) is a worldwide provider of IT and
enterprise software solutions primarily serving the global leasing
and finance industry. The Company’s suite of applications is backed
by 40 years of domain expertise and supported by a committed team
of more than 1750 professionals placed in eight strategically
located support and delivery centers throughout the world. NFS,
LeasePak, LeaseSoft or NFS Ascent – help companies transform their
Finance and Leasing operations, providing a fully automated
asset-based finance solution covering the complete leasing and
finance lifecycle.
About A-LIGN A-LIGN uniquely delivers a
single-provider approach as a licensed SOC 1 and SOC 2 Assessor,
accredited ISO 27001, ISO 27701 and ISO 22301 Certification Body,
HITRUST CSF Assessor firm, accredited FedRAMP 3PAO, candidate CMMC
C3PAO, and Qualified Security Assessor Company. A-LIGN ASSURANCE is
a licensed certified public accounting firm registered as Price and
Associates CPAs, LLC. A-LIGN may refer to the entities of both
A-LIGN and A-LIGN ASSURANCE collectively as A-LIGN. For more
information, visit www.A-LIGN.com.
Forward-Looking StatementsThis press release
may contain forward-looking statements relating to the development
of the Company's products and services and future operation
results, including statements regarding the Company that are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those projected. The words
“expects,” “anticipates,” variations of such words, and similar
expressions, identify forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, but their
absence does not mean that the statement is not forward-looking.
These statements are not guarantees of future performance and are
subject to certain risks, uncertainties, and assumptions that are
difficult to predict. Factors that could affect the Company's
actual results include the progress and costs of the development of
products and services and the timing of the market acceptance. The
subject Companies expressly disclaim any obligation or undertaking
to update or revise any forward-looking statement contained herein
to reflect any change in the company's expectations with regard
thereto or any change in events, conditions or circumstances upon
which any statement is based.
Investor Relations ContactIMS Investor
Relationsnetsol@imsinvestorrelations.com+1 203-972-9200
NetSol Technologies (NASDAQ:NTWK)
Historical Stock Chart
From Apr 2024 to May 2024
NetSol Technologies (NASDAQ:NTWK)
Historical Stock Chart
From May 2023 to May 2024