For Immediate Release
New York Based Stavtar Successfully Completes SOC 2 Type II Audit for Data Security
Stavtar Solutions, whose expense management product StavPay is quickly becoming the go-to for the alternative asset management industry, continues to adopt the latest security measure to safeguard its clients’ data.
New York, NY, USA – Stavtar Solutions, a leading software, and technical services company headquartered in New York, announced that it has successfully completed a System and Organization Controls (SOC) 2 Type II audit, performed by Sensiba San Filippo, LLP (SSF). This attestation demonstrates the company’s ongoing commitment to the highest standard of data protection and security.
Speaking on the occasion, Steven Petersen, a Co-Founder from Stavtar Solutions, said, “We are excited to have achieved this milestone, which is a testament that data security is our top priority. Achieving SOC 2 Type II compliance will help reassure our clients that their data is being handled with utmost care and in line with stringent security protocols. We take pride in our comprehensive systems and workflows that ensure our data protection and security measures exceed the rigorous compliance standards.”
Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 2 information security standard is an audit report on the examination of controls relevant to the trust services criteria categories covering security, availability, processing integrity, confidentiality, and privacy. A SOC 2 Type II report describes a service organization’s systems and whether the controls they have in place to satisfy the SOC criteria are operating effectively over an agreed-upon observation period.
Stavtar’s SOC 2 compliance audit and examination were done by a leading independent third-party auditing firm in accordance with the standards established by the AICPA. Stavtar’s SOC 2 Type II report was issued with a “clean” audit opinion from SSF.
With information security playing an increasingly critical role in every aspect of its service delivery, Stavtar’s team diligently follows the established policies and procedures to safeguard the data of their clients. The company is committed to investing in research and development to bolster and upkeep its rock-solid security standards and ward off any future security challenges effectively and efficiently.
“At Stavtar, cybersecurity is a key consideration because our StavPay platform is cloud-based, and our primary business operations are online. We continuously reassess and reevaluate our security systems and processes and proactively address issues before they lead to costly and harmful security breaches,” adds Steven.
About Stavtar Solutions
Stavtar Solutions is a software and technical services company headquartered in New York, with employees located in New York and Mumbai. Founded by alternative asset management professionals Steven Petersen and Avtar Batth, Stavtar is well versed in the marriage between people, processes, and technology.
Stavtar Solutions knows that each organization is complex and unique. Flexibility for the complex is required, and there is always a solution. The company’s founders and employees have built processes, software, and platforms for both large international financial firms, and small boutique start-ups.
For more information about Stavtar Solutions, please visit: https://stavtar.com