New York, NY – August 2, 2022 – FADEL®, innovator of brand compliance, rights management and royalty billing software, today announced that the Company has successfully completed its Systems and Organizational Control (SOC) 2 Type 1 examination. SOC 2 reports focus on a Service Organization’s internal controls designed to meet its service commitments and system requirements based on the Security criteria established by the American Institute of Certified Public Accountants (AICPA). The examination was conducted by Dansa D’Arata Soucia LLP (www.darata.com). In doing so FADEL maintains its adherence to one of the most stringent, industry-accepted compliance frameworks for service organizations and provides additional assurance to its clients, through an independent auditor, that its business process, information technology and risk management controls are properly designed.
The official auditors’ report provides a thorough review of FADEL’s internal controls, policies, and processes for its software platforms which provide customers with automated rights and royalty management across their licensing lifecycle, as well as compliance controls to protect their brand and marketing content. It also reviews FADEL’s processes relating to risk management and subservice (vendor) due diligence, as well as FADEL’s entire IT infrastructure, software development life cycle, change management, logical security, network security, physical & environmental security, and computer operations.
“We are pleased that our SOC 2 report has shown that we have the appropriate controls in place to mitigate risks related to the services we provide to our customers,” said David Feuerstein, Chief Operating Officer. “FADEL supports some of the largest organizations in their respective industries and we view security and governance as a top priority as part of our business operations. It is important to FADEL that we assure our clients that our software and services are safe and secure.”
FADEL®, innovator of brand compliance, rights management, and royalty billing software, has worked with some of the biggest names in media, life sciences, fast-moving consumer goods, publishing, high-tech and advertising. By automating talent and content rights management across videos, photos, ads, music, products and brands, and streamlining the processing of licensing royalties, FADEL’s cloud-based solutions have empowered businesses to significantly maximize revenues and increase process efficiencies. Founded in 2003, FADEL is headquartered in New York City, and also operates offices in Los Angeles, Montréal, London, Paris and Lebanon. For more information, visit fadel.com.
About Dansa D’Arata Soucia LLP
Dansa D’Arata Soucia LLP (“DDS”) is a full service CPA firm based out of Buffalo, New York. Over the past decade, DDS has built a team of auditors dedicated to understanding the AICPA’s Trust Services Criteria and how properly applying best practices to comply with this set of criteria results in mitigation of risk as it relates to protecting sensitive data. DDS understands that a SOC 2 examination can be initially intimidating. As such, DDS has worked tirelessly on finding ways to streamline the examination process to be as minimally invasive as possible on company resources. This allows the management teams of their clients to stay focused on growing their businesses! To learn more about DDS and their SOC services, please contact Daniel Garigen, CPA at firstname.lastname@example.org and visit their website at www.darata.com.