Magnatech® Achieves SOC 2 Certification, Reinforcing Commitment to Client Data Security
Montreal, Canada– 8 January 2024
Magnatech® Travel Management Solutions Inc, a leading provider of software solutions for Travel Management Companies (TMCs), proudly announces the successful completion of Service Organization Control 2 (SOC 2) Type II certification, underscoring the company’s dedication to maintaining the highest standards of data security.
SOC 2, a globally recognized service organization reporting standard developed by the American Institute of CPAs (AICPA), validates Magnatech’s commitment to securing client data across four key areas: Unused credit tracking, duty of care/risk messaging, travel documentation, and workflow automation. The certification examination was conducted following Magnatech’s implementation of controls and security measures required under SOC2.
Paul Gioia, President & CEO of Magnatech, remarked,
“Achieving SOC 2 certification is a testament to our unwavering commitment to the security and privacy of our clients’ data. We understand the critical nature of the services we provide to Travel Management Companies and their clients, and this certification reinforces our dedication to maintaining the highest levels of data integrity.”
Magnatech’s team was assisted during the SOC2 preparation and examination by Montreal-based V2OPS Inc. V2OPS’ expertise was instrumental in navigating the complexities of SOC 2 compliance, ensuring that Magnatech’s security measures align with the stringent trust service criteria of the framework.
Magnatech’s SOC 2 compliance sets the company apart in the industry, demonstrating a level of commitment to data security that distinguishes it from competitors.
Clients of Magnatech can now benefit from enhanced security and trust in the platform’s capabilities. SOC 2 certification ensures that the company follows best practices in the areas of security, availability, processing integrity, confidentiality, and privacy, providing clients and their customers with the assurance that their data is handled with the utmost care.
About Magnatech: Founded in 1990 and headquartered in Montreal, Canada, Magnatech Travel Management Solutions Inc. has positioned itself as a leading developer and provider of automation tools and itinerary software that help thousands of corporate travel companies around the world manage, track, locate, validate and deliver information. Magnatech provides software applications that facilitate the day-to-day tasks of corporate travel management companies including unused ticket tracking, traveller tracking, workflows, pre-trip approval and document delivery. For more information about the company, please visit www.magnatech.com.
For further information about Magnatech’s SOC 2 certification, please email info@magnatech.com. SOC2 examination report is available to current and potential clients upon request.
