BaseVenture Successfully Completes SOC 2 Type II Certification

SAN RAFAEL, Calif., Feb. 4, 2019 /PRNewswire/ -- BaseVenture announced today that it has successfully completed the SOC 2 Type II audit under the American Institute of Certified Public Accountants (AICPA) guidelines with zero exceptions listed.

This audit represents a complete and independent examination of BaseVenture's operations, internal controls, policies, and procedures that relate to the security of its system and application.

Security is a critical concern for any software developer, and the SOC 2 Type II certification serves as a critical and coveted hurdle for software companies to obtain. Companies that complete a SOC 2 examination can demonstrate a substantially higher level of security assurance and operational visibility than those that have not completed the examination.

"A SOC 2 examination is a complex and rigorous audit for a company to complete," said Kim Vogel, Co-Founder and President of BaseVenture. "We were very aggressive in our aim to achieve this important certification, and I am especially proud of our team for having been able to get here so fast in our company's lifecycle. We are definitely earlier than most software companies in our ability to be SOC 2 Type II compliant, and this is validation of our best-in-class platform."

More information on Service Organization Control (SOC) Reporting is available from the American Institute of CPAs at the following link:

https://www.aicpa.org/interestareas/frc/assuranceadvisoryservices/socforserviceorganizations.html

About BaseVenture
BaseVenture is an award-winning software company that develops innovative solutions in the areas of financial reporting, data visualization, and process management. BaseVenture works closely with fund managers, asset allocators, and fund administrators to improve investor satisfaction, automate their operations, and make smarter investment decisions. BaseVenture is backed by FIS, a global leader in financial services technology. FIS is a Fortune 500 company and is a member of the Standard & Poor's 500® Index.

Learn more at www.baseventure.com

SOURCE BaseVenture

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http://www.baseventure.com

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