Online Tech Helps Equity Compensation SaaS Company with SOX Compliancy
Mission Mpower, Inc. offers administration and financial reporting Software-as-a-Service (SaaS) software to their customers. Due to the financial nature of their SaaS offerings, Mission Mpower had to find a SaaS hosting provider with SAS 70 Type 2 certified data centers that operated under procedures necessary to meet the new SSAE 16 auditing requirements.
SAS 70 and SSAE 16 are nationally recognized audit standards for evaluating the process and security control procedures required for Sarbanes-Oxley compliance. Successful completion of the SAS 70 and SSAE 16 audit demonstrates that a data center has documented the proper controls and procedures around physical and network security, environmental controls, system availability and performance and that those controls have been followed consistently over time, as determined by a 3rd party auditor.
In addition to the security requirements, Mission Mpower needed to ensure that their SaaS applications would always be available with no or very limited downtime. “We chose Online Tech to be our partner,” says Arnold Kingsberg, Mission Mpower COO. “We feel confident that our customers’ data is safe and secure and will always be available 24 X 7.”
Online Tech delivers Mission Mpower’s entire SaaS hosting platform. This includes fully managed dedicated servers, 24X7 monitoring, operating system upgrades, proactive response and complete remediation of any server issue that might arise. Each of Mission Mpower’s servers are housed in one of Online Tech’s high-availability data centers designed with full redundancy to remove the impact of power or network failures and eliminate the risk of an outage.
ABOUT MISSION MPOWER, INC.
Mission Mpower Inc. (www.missionmpower.com) has all the pieces needed to manage and control your equity compensation plans. From administration, communication, financial reporting or bespoke solutions, Mission Mpower offers a solution for your need. Mission Mpower’s unique plan portal, Wealth Central, gives plan participants complete access to their information as well as the ability to exercise through any broker. Mission Mpower’s proprietary technology, Equity Central, is more than a stock plan administration package. Equity Central is a complete Equity Compensation toolbox that gives administrators and financial analysts the control and flexibility to make plans work.