Two Step Software Announces Compliance with New MA Data Protection Law

The new regulations, 201 CMR 17 effective March 1, 2010, are considered the toughest in the country and the standard after which other state and Federal data security laws will be modeled.

Needham, MA – March 8, 2010 — Two Step Software, Inc., a leader in equity management, FAS 123R, and corporate compliance solutions, announced today that it has met Massachusetts’ rigorous new standards for the protection of personal information. Many IT professionals consider these new regulations, 201 CMR 17 effective March 1, 2010, to be the toughest in the country and the standard after which other state and Federal data security laws will be modeled.

“Information security has always been a top priority for Two Step Software throughout its 15-year history,” says Gary D. Levine, President and CEO of Two Step Software. “However, there’s no question that the new Massachusetts regulations set an even higher standard, one that we think is appropriate for the types of legal and financial information that we track in our hosted SaaS offering. Although the new regulations only apply to the protection of personal information, Two Step has raised the bar and applied this standard to all of our confidential customer information.”

The new Massachusetts law requires companies to implement a comprehensive information security program that evaluates all internal and external risks to the confidentiality and integrity of records that contain personal information. It also calls for a set of administrative, technical, and physical safeguards designed to ensure the protection of personal and employee information. Since Two Step Software’s system is used to track legal and financial information for thousands of companies, the new standards have been applied to all data stored within. See: www.twostep.com.

Levine adds, “Whether we’re tracking highly confidential information for the largest law firm in the world, a company about to go public, or a company that just got its first seed round, we treat every business record as if it contains our own highly confidential trade secrets and we use a hosting facility that is second to none.”

Details regarding Two Step Software’s data security practices can be found at: www.twostep.com/hosting. All customers have been sent a compliance certificate with respect to 201 CMR 17.

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About Corporate Focus. Corporate Focus is the leading cloud-based equity administration, accounting and compliance system for privately-held, emerging growth companies. Since 1995, Corporate Focus has helped finance and legal professionals take control of their equity challenges by delivering faster and more accurate results, reducing compliance risk, and sharing information more easily. By replacing multiple, error-prone spreadsheets with a centralized, automated and secure equity reporting system, growing companies save time and money as they manage increasing levels of complexity. No matter the equity event faced, Corporate Focus is backed by an experienced and knowledgeable support team who helps our customers navigate through every stage of the business life cycle, from start-up to exit. For more information, visit: www.corporatefocus.com.

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