Press Release - December 15, 2014
Velocity Technology Solutions Successfully Completes SOC 1 and SOC 2 Audits
Charlotte, NC – December 15, 2014 – Velocity Technology Solutions, Inc., (Velocity), a global leader in cloud application hosting for enterprise and business software, is pleased to announce that it has successfully completed its first Service Organization Controls (SOC) 2 Type 2 audit, conducted by an accredited auditor utilizing American Institute of Certified Public Accountants (AICPA) standards. Velocity also completed its most recent SOC 1 Type 2 (SSAE16) report.
“Our customers trust us to manage their critical business systems, and Velocity continually earns that trust by investing in rigorous operational standards and a highly-resilient and dynamic cloud environment to support our customers’ applications,” said Robert Orshaw, chief operating officer for Velocity. “These SOC audits are tangible and objective attestation that Velocity is doing what it says it is doing, and our control objectives are among the highest in the industry. Our customers appreciate having these reports to help fulfill their own compliance requirements.”
Velocity’s SOC 2 report includes controls related to the security, availability and confidentiality Trust Principles defined by the AICPA. The company’s controls for the SOC 1 report include Incident Management, Application Development, Change Management, Physical Access and Environmental Safeguards, User Access Administration, Network Security, and Backup Processing. During the audit process, Velocity’s policies are reviewed in detail by an accredited third-party who then evaluates evidence of the operating effectiveness of the controls for SOC 1 and Trust Principles for SOC 2. The auditor also interviews each area responsible for the operating controls. It is a thorough review process that spans a period of time to validate ongoing application of highly-disciplined procedures.
Velocity participates in SOC 1 and SOC 2 audits across its various data centers and for its Business Process Outsourcing (BPO) services. For more information about Velocity and its commitment to employing rigorous operational standards, contact Velocity at velocity.cc/about-us/contact-us/ask-us-how.