Gainesville, Florida (August 11, 2006) - MindSolve Technologies, the pioneer in integrating employee performance management with business intelligence, today announced that the company has passed an independent SAS 70 audit. The audit pertains to internal controls MindSolve has in place to protect information technologies, data storage and management, and other related processes and procedures.
MindSolve handles substantial amounts of confidential data for its clients and provides hosting of its on-demand, web-based employee performance management solution MindSolve Visual Profiler (MVP). MindSolve is committed to ensuring that these activities are carried out effectively with total commitment to security and confidentiality.
"MindSolve is always looking to exceed customer expectations," commented MindSolve General Manager, Dan Boccabella. "Many providers of employee performance management software have not gone to the trouble of undergoing a SAS 70 audit. However, it is important to us that our clients know that we have an extensive range of controls in place for both our business and technical operations. Our SAS 70 certification also reduces the potential need for our customers to build certain controls into their IT infrastructure in order to comply with federal accounting and auditing regulations."
The Statement on Auditing Standards (SAS) 70, for Service Organizations, is an international auditing standard developed by the American Institute of Certified Public Accountants (AICPA). SAS 70 provides an authoritative guidance that allows service organizations to disclose information control activities and processes to clients and clients' auditors through a uniform reporting format. A SAS 70 examination demonstrates that a service organization has had control objectives and activities examined by a competent, independent accounting and auditing firm.
About MindSolve.
MindSolve Technologies, Inc. is a privately held company headquartered in Gainesville, Florida. In 1994, MindSolve revolutionized Employee Performance Management with the introduction of visual, user-friendly multi-rater assessment. In 1998, MindSolve offered the industry's first web-based drag & drop workforce performance management software.
MindSolve offers web-based software solutions with related professional services for users in over 50 countries worldwide. Employee Performance Management applications include performance appraisal, 360 feedback processes, goal alignment and accountability, employee development, salary and compensation planning, career and succession planning, executive coaching and leadership training, competency management, and organizational development. MindSolve's MVP Enterprise suite is a high-performance suite with enterprise-level functionality and sophisticated configurability. For more information, visit www.mindsolve.com.