XIUS-bcgi Successfully Completes Type 2 SAS 70 Audit

WOBURN, Massachusetts, November 22, 2010 /PRNewswire/ -- XIUS-bcgi, a leader in delivering innovative telecom solutions for mobile operators and MVNOs worldwide, is pleased to announce that it has recently completed a service auditor's review, commonly known as SAS 70 audit, of its Real-Time Subscriber Management System. The audit was performed by a nationally recognized independent auditing firm, and was completed in September, 2010. Included in the scope of the audit were XIUS-bcgi's application control areas. The general controls that support these activities were also examined. Following this rigorous examination, the auditing firm was able to issue an unqualified opinion regarding each of the areas described below.

SAS 70 is an acronym for the American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standard (SAS) No. 70, titled "Reports on the Processing of Transactions by Service Organizations." SAS No. 70 defines the professional standards used by a service auditor to assess the internal controls of a service organization and issue a service auditor's report.

In order to complete the audit, XIUS-bcgi management developed certain control objectives for the significant areas of internal control that support the Real-Time Subscriber Management System. The control objectives in the 2010 report addressed each of the following areas:

    - Transaction Processing

    - Customer Transaction Reports

    - Changes and Enhancements to Applications

    - Changes to System Hardware and Software

    - Logical Access

    - Production Processing and Backups

XIUS-bcgi's service auditor performed extensive testing of these control activities that have been implemented by XIUS-bcgi to help ensure that our control objectives are met.

The service auditor's testing allowed them to opine on (i) whether the description of the controls prepared by XIUS-bcgi presents fairly, in all material respects, the relevant aspects of the XIUS-bcgi's controls that had been placed in operation as of September 30, 2010, (ii) whether the controls were suitably designed to provide reasonable assurance that the specified control objectives would be achieved if those controls were complied with satisfactorily; and (iii) whether the controls that were tested were operating with sufficient effectiveness to provide reasonable, but not absolute, assurance that the control objectives were achieved during the review period of October 1, 2009 to September 30, 2010.

XIUS-bcgi's management understands the ever increasing importance of corporate governance and internal controls. The successful completion of the 2010 SAS 70 audit is only part of XIUS-bcgi's continued commitment to maintaining a high level of internal control.

About SAS 70 Solutions

SAS 70 Solutions, Inc. is a leading provider of assurance and compliance services. The company delivers SAS 70 audit, SSAE 16 assessment, SysTrust, PCI validation and compliance services to hundreds of clients in locations throughout the world. By using experienced professionals with certified expertise along with integrated service delivery methods, SAS 70 Solutions provides clients with the ability to meet multiple compliance objectives through a single service provider.

About XIUS-bcgi

XIUS-bcgi enables mobile operators to differentiate their service through innovative and end-to-end managed solutions that ensure seamless mobile transaction management and monetization, optimize operational efficiency and reduce risk while enhancing the end users mobile experience.

XIUS-bcgi develops flexible, scalable and robust solutions that enable mobile operators rapidly deliver differentiated services and gain first mover advantage, build subscriber loyalty, and sustain leadership.

Pioneers in wireless and signaling technology since 1989, XIUS-bcgi has an implementation foot-print across five continents. http://www.xius-bcgi.com

Please contact Jim Hunt at [email protected] to obtain further information regarding XIUS-bcgi's SAS 70 audit.

    For More Information Contact:

    Jim Hunt
    XIUS-bcgi
    +1-207-632-1916
    [email protected]

SOURCE XIUS-bcgi