VIQ Solutions Inc T.VQS

New Press Release - VIQ Solutions Receives SOC 2 Type 1 Report in Major Step Forward Toward Full SOC 2 Compliance

VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Company") (TSX: VQS), a global provider of secure, AI-driven, digital voice, and video capture technology and transcription services, today announced it achieved a Service Organization Controls (SOC) 2 Type 1 report and attestation This rigorous...read article.

[homer111]

does anyone in the industry know whether this is significant or not? will it bring in additional revenue or is it more for credibility? sounds like we need to achieve 'SOC 2 Type 2' to get full certification, which VQS hopes to do in 2024. 

[CDNMaple]

Can confirm this is important to the industries Viq targets.  Dont expect it to impact stock price, and to be honest kinda shocking it is late in the game, but this is important to clients. 

[Twodjays]

If's important to the client doesn't that make it important for all concerned? 

[Twodjays]

Do you not think that the company's credibility is not important to us the share holders, I would think that it's very important.

[CDNMaple]

No people who would be looking for this would have seen the NIST and ISO 27001 on the security page of the site. For retail buyers I don't think it wount really ring a bell as a big thing unless there was a contract award associated to it.  Like it adds value, but where value is already had.