Toronto, July 2018 - Kira Systems, the leading machine learning contract review and analysis software provider, announced today that it has completed its SOC2 Type II reporting certification. Kira Systems announced a SOC2 Type I (initial) certification in October 2017, and the achievement of Type II indicates confidence from auditors that controls are being applied consistently and on an ongoing basis. It is a testament to Kira Systems’ commitment to maintaining stringent and effective operation controls and processes for the security, availability and confidentiality of its customer services and systems. The independent audit of Kira Systems was conducted by Richter LLP, one of the largest and most recognized independent consulting firms in Canada.
SOC2 Type II Certification consists of a rigorous examination by an independent accounting and auditing firm of Kira Systems’ internal control policies, practices, procedures and operations over a specified period of time (at least 6 months). Attaining this high-level certification ensures Kira Systems meets the stringent requirements set forth by the AICPA and CICA to protect the confidentiality and security of the information analyzed by Kira. As more organizations adopt cloud-based technology, third-party certifications provide assurance to customers that the service providers are well-equipped, from management policies to technical competency, to be trusted with handling secure data.
“Ensuring data security and confidentiality for our customers is one of our highest priorities here at Kira Systems,” said Michael Raw, VP Technology at Kira Systems. “With our SOC2 Type II certification, we can continue to demonstrate to our customers our commitment to the highest level of security practices and how Kira Systems can be trusted to adhere to meticulous compliance standards internally.”
Designed from the ground up with security in mind, Kira is trusted on thousands of projects a month to identify critical information hidden in unstructured contract data. The Kira Systems team has always focused on putting in place the technical and procedural restrictions needed to be the solution of choice for the world’s largest law firms, top accounting firms, and leading companies.
About Kira Systems
Kira Systems’ technology is the most used and trusted software for contract review and analysis, helping the world’s largest corporations and professional service firms uncover relevant information from unstructured contracts and related documents. Our powerful, patented, award-winning software excels at searching and analyzing contract text and can be deployed for due diligence, knowledge management, lease abstraction, regulatory compliance and other projects where visibility into contract provisions is critical. Using Kira Quick Study, anyone can train additional models that can accurately identify virtually any desired clause. Kira Systems’ certified service providers program and API integrations make Kira accessible to corporations and allow for Kira to be easily embedded in an enterprise’s existing system. To find out more, please visit www.kirasystems.com.