Contact Information: For Further Information Contact: Jim Etten Cachematrix Holdings, LLC 303-468-5500 joe.lynott@Cachematrix.com Morrison Shafroth Communications Strategy Group 303-440-6944 mo.shafroth@csg-pr.com
Cachematrix Achieves Second Annual SAS 70 Type II Audit
| Source: Cachematrix
DENVER, CO--(Marketwire - November 4, 2008) - Cachematrix Holdings, LLC (www.cachematrix.com),
the leading provider of institutional money market fund portal trading
technology to banks and financial institutions, announced today that it has
again achieved SAS 70 Type II certification.
Cachematrix has obtained its second annual Statement of Auditing Standard
No. 70 (SAS 70) Type II certification for its operations. Through guidance
established by the American Institute of Certified Public Accountants, the
SAS 70 Type II certification provides assurances regarding specific control
objectives that Cachematrix designed to meet customers' unique needs.
"As a firm we are proud to have met and exceeded the rigorous requirements
for the SAS 70 Type II Certification, which is one of the most stringent
auditing standards for service companies," said Kevin Sun, Chief Technology
Officer at Cachematrix. "What this certification means for our clients is
they can be confident they are working with a software firm that holds its
level of reliability and security to a higher standard."
SAS 70 is an internationally recognized accounting standard established in
1992 by the American Institute of Certified Public Accountants (AICPA). It
is designed to report on a third-party service provider's operational
controls and their effectiveness. Certification is achieved through an
annual audit or examination that is conducted by an independent auditor.
SAS 70 is the subject of increased interest in today's environment. It
provides Cachematrix customers with independent auditor validation of the
procedures and controls in place within Cachematrix. The SAS 70
certification demonstrates Cachematrix's continued commitment to provide
customers with the most reliable and advanced solutions in the market
today.
About Cachematrix Holdings, LLC
Cachematrix is the leading financial software provider (SaaS) of on-line
institutional trading systems for banks and financial institutions
worldwide, providing turnkey solutions for money market portal technology,
as well as fixed income and variable NAV trading systems. Cachematrix
enables banks and other financial services firms to offer its corporate
clients on-line access to a choice of institutional funds and a convenient,
single source platform for managing them, including access to comprehensive
analysis, online trading, and account management. For more information
please visit, www.cachematrix.com.