PROS Completes SOC2, HIPAA, U.S.-European Union Safe Harbor Certifications for Internal Security Controls, Compliance
31 July 2015 - 9:00PM
Business Wire
Further Advances Cloud Strategy
PROS® (NYSE: PRO), a big data software company, today announced
it has again successfully completed the Statement on Standards for
Attestation Engagements (SSAE) No. 16 SOC2 Type II independent
annual audit. PROS has also certified compliance with both the U.S.
Health Insurance Portability and Accountability Act (HIPAA), and
U.S.-European Union (EU) Safe Harbor program. These recognized
standards underscore the company’s commitment to security and
privacy, and to helping customers outperform with smart
applications delivered in the cloud.
“We are pleased to once again certify our cloud data security
and privacy capabilities against multiple international standards,”
said PROS Vice President of Cloud Operations and Customer Support
Henry Tran. “Our long-standing commitment to data security is a key
part of our cloud strategy, further ensuring that customers can
safely access our market-leading smart applications in the cloud.
We will continue to invest in the highest standards of data
security and privacy.”
SOC2 provides a broad set of trust service principles that
specifically address security for service organizations and
requires an independent review of evidence that shows consistent
compliance. PROS SOC2 Type II audit provides independent validation
that PROS control objectives met or exceeded the stringent
standards or expectations specified by the American Institute of
Certified Public Accountants (AICPA) Criteria for both security and
confidentiality.
PROS customers who are required to comply with HIPAA-regulated
information can be confident in the company’s security and privacy
of protected health information. The HIPAA rules require companies
that have access to this data maintain and secure protected health
information on behalf of a HIPAA-covered entity.
PROS has also completed the certification process for compliance
with the U.S.-EU Safe Harbor Framework. The EU’s Directive on Data
Protection prohibits transfer of personal data to non-EU countries
that do not meet the EU “adequacy” standard for privacy protection.
The U.S.-EU Safe Harbor program was developed to bridge the
differences between U.S. and European privacy laws.
To learn more about these certifications, visit the PROS
website.
About PROS
PROS Holdings, Inc. (NYSE: PRO) is a big data software company
that helps customers outperform in their markets by using big data
to sell more effectively. We apply years of data science experience
to unlock buying patterns and preferences within transaction data
to reveal which opportunities are most likely to close, which
offers are most likely to sell and which prices are most likely to
win. PROS offers cloud solutions to optimize sales, pricing,
quoting, rebates and revenue management across more than 40
industries. PROS has completed over 800 implementations of its
solutions in more than 55 countries. The PROS team comprises more
than 1,000 professionals around the world. To learn more, visit
www.pros.com.
Forward-looking Statements
This press release contains forward-looking statements,
including statements about the functionality and benefits of
PROS software products. The forward-looking statements contained in
this press release are based upon PROS historical experience with
CPQ software and its current expectations of the benefits of CPQ
software for organizations that implement and utilize such
software. Factors that could cause actual results to differ
materially from those described herein include the addressability
of an organization’s CPQ needs and the risks associated with the
implementation and maintenance of CPQ software such as PROS
software products. Additional information relating to the
uncertainty affecting the PROS business is contained in PROS
filings with the Securities and Exchange Commission. These
forward-looking statements represent PROS expectations as of the
date of this press release. Subsequent events may cause these
expectations to change, and PROS disclaims any obligations to
update or alter these forward-looking statements in the future,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20150731005093/en/
PROS Holdings, Inc.Yvonne Donaldson,
713-335-5310ydonaldson@pros.comorSheila Watson,
713-335-5287swatson@pros.com
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