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Retalon Achieves SOC 2 Compliance

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A Milestone in Customer Data Security

[TORONTO, March 24, 2024] — Retalon, an award-winning provider of predictive analytics and AI solutions for the retail industry, is proud to announce that it has successfully achieved SOC 2 Type II compliance. This significant achievement underscores Retalon’s ongoing commitment to the highest standards of security, availability, processing integrity, confidentiality, and privacy of customer data. 

SOC 2 compliance is a rigorous and comprehensive framework developed by the American Institute of CPAs (AICPA) that specifies how organizations should manage customer data based on five “trust service principles”: security, availability, processing integrity, confidentiality, and privacy. Achieving SOC 2 compliance demonstrates that Retalon’s systems and processes are designed to keep its clients’ sensitive data secure and are in line with industry best practices and regulatory requirements. 

“Ensuring the security and integrity of our clients’ data is our top priority,” said Mark Kalp, VP of Development and IT at Retalon. “Achieving SOC 2 compliance is a clear indication of our unwavering commitment to maintaining the highest standards of data security and to continuous improvement in all areas of our business operations.” 

Achieving SOC 2 compliance is part of Retalon’s broader strategy to implement robust security measures and to ensure that its solutions remain at the forefront of industry standards for data protection. This audit follows another achievement in security, as (earlier this year) Retalon passed the stringent Penetration test conducted by Prism Infosec, a CREST-certified cyber security tester.

This milestone is particularly important for Retalon’s clients in the retail sector, where the protection of consumer data is not just a regulatory requirement but a critical component of customer trust and brand reputation. By achieving SOC 2 compliance, Retalon not only strengthens its own security posture but also supports its clients in their efforts to safeguard consumer data against evolving threats and vulnerabilities.

About Retalon: 

Retalon is a leading provider of AI-driven advanced predictive analytics solutions for the retail industry. Founded in 2002, the company has been at the forefront of using machine learning and artificial intelligence to help retailers with demand planning, optimizing inventory, merchandising, pricing, and supply chains. Retalon’s innovative solutions enable retailers to make data-driven decisions, improve operational efficiency, and enhance customer satisfaction. For more information, visit www.retalon.com

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