ZE PowerGroup Inc. announced the successful completion of the SOC 1 Type 2 report
ZE PowerGroup Inc. (“ZE”), a global leader in data integration, management and analytics announced the successful completion of its first Service Organization Control (SOC) 1 Type 2 audit report for the ZEMA™ Hosted and ZEMA Managed System. Conducted by Ernst & Young LLP, a leading, global professional services firm, the audit attests the suitability and operating effectiveness of controls ZE has in place, relevant to user entities’ internal control over the financial report.
As companies increasingly use outside vendors to provide mission-critical systems and services, there is need for more trust and transparency into cloud service providers’ operations, processes, and operating effectiveness. ZE’s SOC 1 Type 2 report verifies the operating effectiveness of internal controls which have been designed and implemented to meet the clients’ requirements for ZEMA Hosted and ZEMA Managed System. This independent validation of internal controls provides transparency and trust for clients that rely on ZEMA for mission-critical applications.
“With SOC 1 Type 2 report we can demonstrate to our clients the reliability and continued integrity of processes and procedures that are in place,” said Thorsten Gutsche, VP of Operations. “As a customer-centric organization, we want to ensure that we surpass our clients’ expectations, contractual commitments, and regulatory requirements while lowering inherent risks by consistent and effective execution of suitably designed internal controls.”
“Our customers entrust us to manage and maintain their mission-critical data infrastructure on a daily basis, so we take great pride in having achieved this certification,” said Dr. Zak El-Ramly, CEO. “This successful in-depth audit that took several months to complete, demonstrates our commitment to service excellence and provides proof that our internal technologies and processes provide the highest levels of security and availability to our current and future customers globally.”
In addition to being SOC 1 Type 2 certified, Dr. Zak El-Ramly, CEO was also named EY Entrepreneur of the Year Award 2018, for the category of Cleantech, in addition to ZE PowerGroup winning the Richmond Chambers of Commerce Large Business of the Year Business Excellence Award 2018. More information on the SOC 1 Type 2 certification can be found on ZE’s blog.