Houston, TX – July 6, 2005 – IT infrastructure leader CyrusOne announced today its certification as an SAS 70 Type II facility by the American Institute of Certified Accountants (AICPA).
The Statement on Auditing Standards, 70 (SAS 70) is an internationally-recognized auditing standard developed with the AICPA ensuring that a service organization has undergone an in-depth audit of its control activities, including controls over information technology and IT-related processes.
The SAS 70 standard provides proof from an impartial third-party that an organization has implemented the policies and processes that keep its information secure, stable and safe to government compliance standards such as the Sarbanes-Oxley Act of 2002. Type II SAS certification means that not only are those policies and processes in place, but the company has a proven track record of performing with those controls.
Standards such as SAS 70 have become critical in the wake of the Sarbanes-Oxley, which created significant legal penalties for publicly traded companies who lacked sufficient control standards for their financial information.
“Many of our clients are publicly-traded and affected by Sarbanes-Oxley requirements,” notes CyrusOne Chief Operating Officer Kenneth Wolverton. “SAS 70 – Type II certification means our clients won’t have to pay auditors to extend SOX compliance documentation to our facility. This saves money on compliance and speeds the process–plus it gives added confidence in the value-added processes we’ve refined here over the years.”
The certification is also important to CyrusOne’s growing Financial Services and Healthcare Industry customers, which must meet the regulatory compliance and demands of the FDIC, Gramm-Leach Bliley Act, and the Health Insurance Portability and Accountability Act of 1996 (HIPAA).
CyrusOne is a leader in IT infrastructure outsourcing, providing managed hosting, colocation and managed IT services. We help businesses optimize returns on technology investment while ensuring application availability, data security and superior network performance. We were the first business of our kind to offer a 100 percent availability guarantee backed by the industry’s leading Service Level Agreement. For more information, visit http://cyrusone.com
|Mindy Miller or Lisa|
gyro for CyrusOne