Dec 23, 2004 : Datastream Completes SAS 70 Audit

📅 December 23, 2004 - Performance management software provider Datastream Systems, Inc. (datastream.net) announced on Wednesday that its hosting operation has completed the American Institute of Certified Public Accountants' Statement on Auditing Standards no. 70 type II audit. SAS 70 is an internationally recognized audit for validating the internal controls of service providers and other businesses.

Datastream says its customers frequently choose hosted deployments model where Datastream hosts the application at its data center facilities, enabling customers to achieve lower total cost of ownership by eliminating many personnel and hardware costs associated with deploying and maintaining an application in-house.
According to Datastream, undergoing the SAS 70 audit enables the company to provide its customers with a comprehensive audit report that facilitates compliance with regulations.
"Our hosting business is strategic to Datastream, and our recent success in passing this voluntary SAS 70 annual audit demonstrates the strength of this business unit and our commitment to the hosting strategy," says Datastream president and CEO Larry Blackwell." The success of this review will make it easier for our hosted customers to comply with various state and federal regulations as it ensures that Datastream maintains the highest standards for quality and consistency in hosted processes and data management."

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