A Big Step Forward in Our Continuous Journey Toward Enhanced Security, Trust, and Reliability.
Introduction and Announcement
DETROIT, November 14, 2023— InvestNext is thrilled to announce another significant milestone in our commitment to data security and trust: as of October 27, 2023, we have achieved SOC 2 Type 1 compliance.
This accomplishment underscores our dedication to providing the highest standards of security and reliability in our software solutions, tailored to the unique needs of the real estate investment management industry.
What is SOC 2 Type 1?
SOC 2 (Service Organization Control 2) is a rigorous auditing standard developed by the American Institute of Certified Public Accountants (AICPA). It is recognized as a benchmark for security compliance, particularly for software-as-a-service (SaaS) companies like ours.
The SOC 2 Type 1 audit involves comprehensive assessments to validate an organization’s capabilities in safeguarding the confidentiality, integrity, and availability of its clients’ data.
Achieving this compliance confirms that InvestNext has established robust controls and procedures to ensure the security of our systems and the protection of our clients’ sensitive information.
The Importance of SOC 2 Compliance in our Industry
In the realm of real estate investment management, the security and confidentiality of data are not just a priority but a necessity. Our clients entrust us with critical information, and it is our responsibility to uphold this trust with the utmost integrity.
Achieving SOC 2 Type 1 compliance is not just a compliance milestone; it is a reflection of our unwavering commitment to our clients’ data security and privacy.
Our Ongoing Commitment and Future Steps
At InvestNext, we view data security as an ongoing commitment, not a one-time achievement. We are already working towards our next goal – achieving SOC 2 Type 2 compliance.
This future certification will involve periodic audits to assess the effectiveness of our security controls over time, ensuring that we consistently meet the five Trust Services Criteria: security, availability, processing integrity, confidentiality, and privacy.
This step is crucial for us to maintain our compliance and continue providing exceptional service to our clients.
A Note From InvestNext CTO, Michael Gisi
“I have been deeply involved in our journey towards achieving SOC 2 Type 1 certification. This certification is not just a badge of honor; it represents our commitment to the highest standards of data security and privacy, which is especially crucial in the real estate investment sector.
Our clients, many of whom have hundreds of millions of dollars, or more, under management, require a level of assurance that only a SOC 2-compliant vendor can provide.
I am proud of the hard work and dedication of our teams, who have been instrumental in earning this certification. It reflects our unwavering dedication to protecting our customers’ data and privacy and reinforces our position as a trusted leader in the real estate investment software space.”
In the real estate investment industry, data security and privacy are of paramount importance. SOC 2 certification is a critical benchmark for our clients’ and their procurement teams.
These teams often rely on SOC 2 reports as a crucial part of their vendor selection, procurement, and risk management processes.
The certification serves as an assurance that the services and technology stacks they choose to implement meet the highest standards for data security and privacy.
As a leading SaaS provider in this sector, we understand the importance of this certification and have worked diligently to ensure the safety and security of our clients’ data.
This effort has been a collaborative endeavor, involving our engineering and product teams, and guided by our leadership in technology.
Finally, a thank you to all our current and future partners!
We want to extend our gratitude to our clients for their continued trust and support in InvestNext.
Thank you for being a part of our journey towards creating a more secure and trustworthy digital environment in the real estate investment world.
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Should you have any questions about our SOC 2 Type 1 compliance or any other security related matters, please feel free to reach out to our support team. support@investnext.com
