CacheMatrix Completes SAS 70 Type II Audit

CacheMatrix Holdings, LLC (www.cachematrix.com), the leading provider of institutional money market fund software and trading technology to financial institutions, announced today that it has been awarded SAS 70 Type II certification. The certification, which followed an extensive year-long independent audit, validates that the firm's procedures are well-documented, support the effective delivery of its software solutions and can withstand the scrutiny of an independent auditor.

Denver, CO (PRWEB) November 8, 2007 -- CacheMatrix Holdings, LLC (www.cachematrix.com), the leading provider of institutional money market fund software and trading technology to financial institutions, announced today that it has been awarded SAS 70 Type II certification.

The certification, which followed an extensive year-long independent audit, validates that the firm's procedures are well-documented, support the effective delivery of its software solutions and can withstand the scrutiny of an independent auditor.

"This documents that we do what we say we will do--not just one time but every day," said George Hagerman, chief executive officer at CacheMatrix. "With this certification, customers of our software services are assured greater levels of reliability, availability and security."

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 audit or examination that is conducted by an independent auditor.

SAS 70 is the subject of increased interest in the face of regulatory mandates such as Sarbanes-Oxley and in the growth of business process outsourcing and Software-as-a-Service (SaaS). It provides CacheMatrix customers with independent auditor validation of the procedures and controls in place within CacheMatrix's services. The SAS 70 certification demonstrates CacheMatrix's continued commitment to provide customers the most reliable and advanced solutions and to operate as a trusted partner.

About CacheMatrix Holdings, LLC
CacheMatrix is the leading financial software provider (SaaS) of online 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 their corporate clients online 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, visit www.cachematrix.com.

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