Iasta achieves SAS 70 Type II certification

December 29th, 2008 at 02:16am David Bush - Iasta

I normally would not republish our press releases here on the company blog, but in this case, it is warranted. About three years ago, we started hearing the distant drum beat of the Fortune 500 IT departments, which kept getting closer and closer. (I managed to capture some video, as well.)

In all seriousness, this was a massive undertaking, which diverted huge amounts of resources. Some of the requirements were a bit ridiculous; however, many are meant to enforce airtight security. I can say definitively, that our processes and controls are very tight now, and they were not that bad to begin.

I do not know the exact number of companies in eSourcing that have this certification, but it is certainly not to be assumed. I know Ariba is, but other than that, the information is not obvious from public information. We will now be required to stay current on these new controls, which has already paid dividends in conversations with prospective clients that begin asking security questions.

This whole process took a full year at great expense (thanks, Enron). We had to totally change our internal structure to segregate the IT and development tasks. It’s all good in the long run, we would have naturally needed to do these things as we grew as an organization with increasing overall complexity. Personally, I am looking forward to elevating our competitive position with a globally recognized accolade and virtual “cheers” to the Iasta team that made it happen.

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