PRZOOM - /newswire/ -
Bangalore, Karnataka, India, 2008/02/15 - Iteamic and ECI offer compliance consulting and software services to help publicly-traded companies regulate financial reporting - Iteamic.com.
Iteamic, a leader in global IT consulting and services, today announced a strategic partnership with ECI, provider of real-time compliance and security monitoring solutions, to offer Sarbanes Oxley (SOX) compliance consulting and monitoring services with ECI’s leading product Black Agent™. Together they will offer an end-to-end solution that will help companies ramp up quickly and cost-effectively, without upfront capital expenditure or unnecessary business disruptions.
Iteamic has expertise in SOX compliance and as such has become the primary consulting partner for ECI. They provide consulting on SOX compliance that helps companies define and test processes and controls. ECI will complement Iteamic’s services with their product BlackAgent™ to conduct remote compliance monitoring. The agent-based, real time, user and database monitoring application is configured to track all compliance and security activities, protecting information assets of the enterprise. Together Iteamic and ECI will provide a complete solution designed to help companies regulate their financial reporting.
“We have proven expertise in SOX and compliance, and our partnership with ECI completes the value chain. ECI's subject matter expertise and high performance product will allow Iteamic to concentrate on its core expertise of process consulting for business and IT,” said Eric Johnstone, Sales Director at Iteamic, San Francisco.
Ken Miner, COO at ECI said, “We chose to partner with Iteamic for their proven specialized compliance services practice for the entire process and control environment. This partnership aligns us with a consulting company that specializes in SOX compliance to help customers stabilize their compliance processes for ECI enforcement monitoring. Now we can offer our customers a complete compliance solution with consulting and monitoring services.”
This SOX compliance service will allow customers to monitor user activity and database assets as defined in their business rules, processes and controls. A management dashboard and reports are provided for greater visibility into enterprise compliance. The most ideal part is that BlackAgent™ does not intrude on the customer IT environment and is offered as a remote subscription-based service. Customers can ramp up quickly and cost-effectively without disrupting their IT infrastructure, because BlackAgent™ is based on the Software-as-a-Service (SaaS) model and offered as a remote subscription-based service.
Iteamic is a leading provider of Global IT Solutions and Consulting Services for established and emerging companies, with exceptional domain knowledge in the financial services and education sectors. It offers software development and application management services built on their expertise in niche proprietary, open-source and legacy technologies using proven methodologies for sustainable business transformation. Certifications currently include SEI CMMi Level-3 and ISO 27001. Established in 2003, Iteamic has operations in San Francisco, New York, Bangalore and Geneva.
ECI provides real-time compliance and security monitoring and enforcement solutions. ECI’s compliance and IT experts assess client’s current liability and provide solution with real-time monitoring and auditing controls to meet all regulatory and security policy requirements. BlackAgent™ is their agent-based real-time user and database monitoring application that is configured to track all compliance and security activities protecting enterprise assets.
The Sarbanes-Oxley (SOX) Act, administered by the Securities and Exchange Commission (SEC), requires publicly traded US companies to follow strict rules to protect investors by improving the accuracy and reliability of corporate disclosures. SOX establishes greater accountability for corporate officers and more internal control of financial reporting. SOX regulates which business records must be held and for how long. Penalties for noncompliance may include both fines and prison sentences.
Implementing SOX regulatory controls can be costly and challenging. Today, many corporations are urgently seeking ways to make SOX compliance easier, less costly, and more efficient. The key is a reliable IT infrastructure that supports compliance and security without compromising corporate business operations or imposing undue costs.