Optimalex Announces SOC 2 TYPE II Compliance
New York City, NY – Monday, May 30, 2022
Optimalex announced today that it has achieved SOC 2 Type II compliance in accordance with the American Institute of Certified Public Accountants (www.aicpa.org/soc4so) standards for SOC for Service Organizations also known as SSAE 18. Achieving this standard serves as the third-party of trust validation that Optimalex provides enterprise-level Security, Availability, Processing Integrity, Confidentiality, and Privacy for customer’s data secured in the Optimalex system.
Optimalex is a SaaS platform used by insurance carriers and other legal professionals to predict the settlement or verdict outcome of a case, estimate reserves, quantify recoverable damages and anticipate length of proceedings. Optimalex leverages legal predictive intelligence to help its customers take full advantage of their claim data, reduce their loss ratio and increase fairness as well as client satisfaction.
“As we celebrate two years since Optimalex was incorporated and ten years since initial research was conceived, we are very proud that our commitment to information security is recognized. SOC 2 Type II certification is a rare distinction for younger companies and a valuable asset in the future for our customers and partners”, says Frank Giaoui, Founder of Optimalex.
Finally, the Optimalex team wishes to thank Secureframe for their assistance in the preparation for SOC2 Type II compliance and Prescient Assurance for their thorough and professional audit.