Siterra Corporation Completes SAS 70 Audit
San Francisco, Calif., May 7, 2009 — Siterra, the leading provider of web-based software designed to manage geographically-distributed capital asset programs, announced that it received a Statement on Auditing Standards No. 70 (SAS 70) Audit Report. This report ensures Siterra's customers that Siterra has control processes and procedures in place that have passed detailed, third-party testing.
SAS 70, Service Organizations, is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). In today's global economy, service organizations or service providers must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their customers. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 audit reports even more important to the process of reporting on the effectiveness of internal control over financial reporting. Siterra is committed to protecting the data and interests of our customers and this certification provides further assurance that our customer's data is managed and protected to the highest possible standards.
"Earning a SAS 70 certification raises the bar in the industry and validates our management, operations and processes are fully secure, responsive and meet the highest level of standards", said Bernard Fried, CEO of Siterra Corporation". We are proud to achieve this certification on behalf of ourselves and our customers.
About SAS 70
Statement on Auditing Standards (SAS) No. 70, Service Organizations, is an internationally recognized auditing standard develop by the American Institute of Certified Public Accountants (AICPA). For more information, visit www.sas70solutions.com.
Founded in 2001 and located in San Francisco, California, Siterra Corporation delivers leading web-based software solutions to plan, build, manage and grow geographically dispersed asset portfolios of real estate properties and operating sites for the Corporate Real Estate, Retail, Wireless and Renewable Energy industries.