SOURCE: GlobalWare Solutions

January 28, 2008 08:00 ET

GlobalWare Solutions Completes SAS 70 Type I Audit

Leading End-to-End E-Commerce Provider Meets Strict Reporting Guidelines

HAVERHILL, MA--(Marketwire - January 28, 2008) - GlobalWare Solutions, the only provider of global end-to-end e-commerce and supply chain solutions that fully encompass both digital and physical fulfillment operations, announced today that it has completed a Statement on Auditing Standards (SAS) No. 70 Type I audit.

GlobalWare is a managed services firm that provides companies such as The Walt Disney Company, Iomega Corporation and Research in Motion with a suite of products for the outsourcing of e-commerce and supply chain operations.

The widely recognized SAS 70 standard was developed by the American Institute of Certified Public Accountants (AICPA) and certifies that a service organization such as GlobalWare has conducted an in-depth, third-party assessment audit of its control objectives and activities. These often include controls over information technology and related processes when hosting or processing confidential customer data.

The requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 audit reports even more important to the process of reporting on the effectiveness of internal controls over financial reporting.

"SAS 70 compliance is a major issue for companies of all sizes as more and more business is conducted online," said David Beatson, Chief Executive Officer of GlobalWare Solutions. "It's especially important for our publicly held customers to know that we passed the test with flying colors, and that we are constantly reassessing our security and compliance best practices. We have set the bar high, and we routinely surpass recognized industry benchmarks to ensure the security of our customers' transactions."

The SAS 70 audit was conducted by Vitale, Caturano & Company, New England's largest regional, full service CPA, business advisory and consulting firm.

GlobalWare's suite of managed services is unique in its ability to address the entire e-commerce process along with both digital and physical fulfillment operations, including customer service. Many businesses rely on multiple companies to meet their e-commerce and fulfillment needs. This is an inefficient, cumbersome and expensive approach, which significantly complicates the end-customer experience.

In comparison, GlobalWare delivers dramatic cost savings by simplifying business processes. By integrating end-to-end e-commerce and supply chain operations, GlobalWare maintains high levels of end-customer service and loyalty through a streamlined, global framework that has met strenuous real-world challenges.

About GlobalWare Solutions

GlobalWare Solutions, Inc. is the only provider of global end-to-end e-commerce and supply chain solutions that fully encompass both digital and physical fulfillment operations. The company helps progressive industry leaders like Disney, Iomega, Nortel, Polar and Research in Motion simplify and accelerate the marketing and fulfillment of their products and services. GlobalWare's comprehensive suite of scalable, managed services spans building and operating customized e-commerce stores, online software distribution including e-licenses and digital rights management, and physical fulfillment of everything from medical devices to high tech equipment to consumer electronics. GlobalWare is privately held and co-headquartered in Haverhill, Mass., and Redwood City, Calif., with multiple offices in North America, Europe and Asia. For more information about the company, please visit www.globalwaresolutions.com.

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