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CARLSBAD, CA, August 16, 2010 /24-7PressRelease/ -- RealCapitalMarkets.com, LLC's (RCM1) , a leading provider of transaction management software for commercial property and note sales, today announces that has received the SAS 70 Type II certification from independent auditing firm KirkpatrickPrice. SAS 70 is an internationally-recognized standard from the American Institute of Certified Public Accounts which reviews all levels of technology service providers over a six-month period for business practices, communication, internal procedures, and security.
KirkpatrickPrice is an experienced assurance service firm specializing in technology and information security audits. KirkpatrickPrice has over a half-century of experience of conducting audits, handled carefully and professionally by audit specialists who understand all aspects of today's regulatory requirements and client demands.
The SAS 70 Type II audit signifies that RCM1's operational controls and security procedures have been rigorously reviewed by an independent certified public accounting firm, that the controls have been suitably designed and tested, and that the controls are operating at maximum efficiency.
"The SAS 70 Type II certification is an achievement to be proud of and provides RCM1 clients with yet another demonstration of our ongoing commitment to delivering the very best value," said CEO and Founder Stephen J. Alter. "RCM1 offers our clients a hosted solution that is unmatched in its ability to accelerate dispositions and reduce costs."
The SAS 70 Type II audit focused specifically on the company's security operations and hosted service. Additionally, auditors investigated other aspects of the company's architecture, including management philosophy, human resources policies, training, and a variety of controls that ensure a company culture of client protection.
About RealCapitalMarkets.com, LLC
RCM1 provides the most comprehensive database of qualified investors, online marketing, and Virtual Deal Room solutions for the commercial real estate and financial industries. As the Internet's only broker-neutral host, RCM1 provides principals, exclusive listing brokers, mortgage bankers and equity sources the most productive and cost effective way to acquire, dispose, finance and capitalize real estate.
RCM1 was recognized as the industry leader in market share for institutional commercial real estate transactions in 2009, according to New York based research firm Real Capital Analytics. RCM1 has been involved in more than 15,000 assignments in excess of $800 Billion over the last 10 years.
RCM1 Contact: Steve Shanahan
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