VANCOUVER, BC, May 24, 2023
/CNW/ - Thinkific Labs Inc. ("Thinkific" or the "Company")
(TSX: THNC), a leading platform for creating, marketing, and
selling online learning products, announced today that it has
obtained SOC 2 Type 1 cybersecurity compliance certification
through the successful completion of the Service Organization
Control (SOC) 2 Type 1 audit with no findings.
The required audit was conducted by BDO Canada LLP, a leading
global professional services firm, and the certification affirms
that the Company's information security practices, policies,
procedures, and operations meet the stringent SOC 2 standards for
security.
SOC 2 is a cybersecurity compliance framework that is a widely
recognized and respected compliance standard for companies
entrusted with sensitive data. Thinkific's successful certification
provides enterprise customers and partners with an enhanced level
of confidence, affirming the Company's commitment to maintaining
robust security measures in the storage and processing of client
data.
With the growing reliance on external vendors for essential
business activities and strategies, it has become crucial to
establish high levels of trust and transparency regarding the
operations and processes of cloud service providers. SOC 2 serves
to validate the presence of internal controls that uphold the
security principles outlined in the Trust Services Principles and
Criteria for Security.
"As larger businesses put their faith in our platform to
distribute their learning products and grow their business,
maintaining robust security and data privacy is essential as a
trusted partner," said Greg Smith,
CEO of Thinkific. "The SOC 2 certification is an important
independent validation of our commitment to maintaining the highest
level of security and compliance for our customers."
About Thinkific
Thinkific (TSX: THNC) makes it simple for Creator Educators and
established businesses of any size to scale and generate revenue by
teaching what they know. Our platform gives businesses everything
they need to build, market, and sell digital learning products —
from courses to communities — and run their business seamlessly
under their own brand, on their own site. Thinkific's 50,000 active
Creators earn hundreds of millions of dollars in direct course
sales while teaching tens of millions of students. Thinkific is
headquartered in Vancouver, Canada
and has a distributed team.
For more information, please visit www.thinkific.com.
This news release includes forward-looking statements and
forward–looking information within the meaning of applicable
securities laws ("forward-looking statements"). Often, but not
always, forward–looking information can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative and grammatical variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements in this news release include
statements regarding the Company's continued commitment and plans
to protect sensitive data through enhanced corporate security and
data privacy controls; and the expected benefits that this may have
in support of Thinkific's continued growth as a trusted service
provider. Such statements and information are based on the current
expectations of Thinkific's management, and are based on
assumptions and subject to risks and uncertainties. Although
Thinkific's management believes that the assumptions underlying
these statements and information are reasonable, they may prove to
be incorrect. Except as required by applicable securities laws,
forward–looking statements and information speak only as of the
date on which they are made and Thinkific undertakes no obligation
to publicly update or revise any forward–looking statement or
information, whether as a result of new information, future events
or otherwise.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/thinkific-continues-to-advance-thinkific-plus-offering-through-completion-of-soc-2-data-security-and-privacy-certification-301833219.html
SOURCE Thinkific Labs Inc.