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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
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ORIGINAL: VitalHub Announces SOC 2(TM) Type 2 Compliance Underlining Ongoing Commitment to Security

2022-03-17 11:58 ET - News Release

TORONTO, March 17, 2022 (GLOBE NEWSWIRE) -- VitalHub Corp. (the "Company" or "VitalHub") (TSX: VHI), is pleased to announce that it has successfully completed the System and Organization Controls (SOC) examination, with the SOC 2(TM) Type 2 examination resulting in VitalHub achieving compliance. This is a significant achievement validating VitalHub's capabilities as a trusted and secure software provider for Health and Human Services customers globally.

SOC 2(TM) is a globally recognized compliance standard developed by the American Institute of CPAs (AICPA). The technical auditing process conducted by external auditors evaluated internal controls to ensure that VitalHub's customer data was managed based on five Trust Services Criteria: security, availability, processing integrity, confidentiality, and privacy.

To achieve compliance, VitalHub has demonstrated that it has established policies and procedures that have been verified by the SOC 2(TM) audit that point to the existence of internal controls and business processes designed and implemented to meet the requirements of the security principals, in accordance with the Trust Services Criteria for security.

Completing the SOC 2(TM) examination reinforces VitalHub's ongoing commitment to the security, privacy, availability, and processing integrity of our technology. This independent validation of security and controls is critical for customers in the Health and Human Services sector that work with sensitive data and need to ensure that the data is effectively and safely managed.

"Safeguarding our client's information is of paramount importance to our business and the trust relationship that we maintain with our partners and clients," said Dan Matlow, CEO of VitalHub Corp. "The nature of the information stored across our SaaS-based solutions does not afford any room to compromise and requires the highest data security and privacy standard. As such, we invested in an independent audit to ensure that we would achieve the highest level of compliance and could provide our partners, which include large government agencies, with the assurances that they expect regarding the safeguarding of their client and patient information."

ABOUT VITALHUB

Software for Health and Human Services providers designed to simplify the user experience and optimize outcomes.

VitalHub provides technology to Health and Human Services providers including Hospitals, Regional Health Authorities, Mental Health, Long Term Care, Home Health, Community and Social Services. VitalHub solutions span the categories of Electronic Health Record (EHR), Case Management, Care Coordination & Optimization, and Patient Flow & Operational Visibility solutions.

The Company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite, and pursuing an aggressive M&A plan. Currently VitalHub serves more than 400 clients across Canada, USA, UK, Australia, the Middle East, and Europe. VitalHub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The VitalHub team comprises more than 200 team members globally. The Company is publicly traded on the Toronto Stock Exchange (TSX) under the symbol "VHI".

CAUTIONARY STATEMENT

This press release includes forward-looking statements regarding the Corporation and its business, which may include, but is not limited to, statements with respect to the appointment of a new directors. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative 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. Such statements are based on the current expectations of the management of each entity and are based on assumptions and subject to risks and uncertainties. Although the management of each entity believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the technology industry, failure to obtain regulatory or shareholder approvals, market conditions, economic factors, the equity markets generally and risks associated with growth and competition. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT INFORMATION

Dan Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com


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