Imagine Software Earns Prestigious International Cybersecurity Certification
NEW YORK, June 6, 2013 – Imagine Software, provider of real-time portfolio and risk management solutions worldwide, announced today that it has achieved the prestigious ISO 27001 certification. This designation highlights that Imagine meets the world’s most comprehensive, stringent standard for information security management systems.
Published by the International Organization for Standardization, the guide is formally defined as ISO/IEC 27001: 2005 – Information Technology – Security Techniques – Information security management systems – Requirements. According to the official documentation, “…the objective of the standard is to provide a model for establishing, implementing, operating, reviewing, maintaining and improving an Information Security Management System…” Among other key measures, to earn the certification a company must prove to a certified independent auditor that it has a systematic and ongoing approach to managing sensitive client information.
“We see a close correlation between investment firms who place a heightened focus on security measures and the protection of data assets and those who employ a disciplined approach to risk and portfolio management,” said Peter Taylor, Chief Security Officer, Imagine Software. “With this in mind, we continue to implement an extensive array of controls to ensure that our clients’ information is steadfastly protected in compliance with the industry’s most rigorous security standards. This ISO certification once again demonstrates Imagine’s commitment to improving information security for clients and our dedication to providing the financial industry with best-in-class solutions.”
The standard includes requirements for items such as:
“Every security professional worldwide recognizes the incredible achievement of attaining an ISO/IEC 27001:2005 ISMS certification,” Taylor said. “The certified companies are an exclusive group, currently limited to just over 100 firms in the US. That statistic speaks volumes to our commitment to security in terms of resources and effort, since this is a very difficult audit to pass. Meanwhile, as we continue to gain momentum with our rapid expansion in the Asia-Pacific region, the certification has been an invaluable early stage tool for instilling confidence in prospective clients, as the certification is very highly respected in that thriving financial hub.”
“Imagine’s cloud-based solution and comprehensive data management capabilities along with their ISO certification make them an attractive, cost-effective option for investment firms of all sizes and strategies,” said Mark Friedman, Principal of DLD Asset Management of New York, NY.
“Our extensive vetting process confirmed their commitment to data security, which was particularly important to us, and a contributing factor to our selection of Imagine as our risk and portfolio management provider,” Friedman said. “From the very beginning, we knew they could be trusted with sensitive information, and the recent ISO certification only reaffirms this.”
Imagine’s certification examination was performed by BrightLine CPAs and Associates Inc., a Tampa, Fla.-based firm certified by the ANSI-ASQ National Accreditation Board.
The details of Imagine Software’s information security management systems certification are publicly available at https://www.brightline.com/ISOCertificate/Q7zOqaRQDfQJ.
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About Imagine Software
For nearly 20 years Imagine Software has been a leading provider of real-time investment management solutions to the global financial community. Since launching the first cloud-based integrated portfolio and risk management offering—the Imagine Trading System—in 2000, the company has continued to guide the industry as an innovator. The company’s robust suite of products also includes the Imagine Financial Platform, an environment that extends Imagine’s capabilities through Imagine Apps; the Imagine Marketplace, an online community for distributing and obtaining Imagine Apps; and the Imagine Risk Aggregator, a web portal providing greater transparency into investments.
Headquartered in New York City with additional offices in Cleveland, Hong Kong, London, Sydney, and Istanbul, Imagine Software is the trusted solution for thousands of users at the world’s largest hedge funds, funds of funds, brokerage firms, and investment banks.
For more information, visit www.imaginesoftware.com or contact us at 212-317-76
Even a modest breakup of the euro, such as the departure of Greece, would send the S&P 500 down 10 percent and with contagion effects knock 17 percent off the value of a long/short equity portfolio, said Dr. Lance Smith, CEO of Imagine Software.