Colocation Hosting Provider NYI Achieves SSAE 16 Compliance Six Months Before June 15 Deadline

January 27, 2011
January 27, 2011 – (HOSTSEARCH.COM) – NYI, a New York City-based mission-critical data services provider, today announced that it has achieved compliance with Statement on Standards for Attestation Engagements No. 16 (SSAE 16) at its two main data centers, located at 100 William Street in Lower Manhattan and 999 Frontier Road in Bridgewater, New Jersey.

SSAE 16 is a statement on controls at service providers that assures customers their data is protected by the most current international industry standards, as put forth by the American Institute of Certified Public Accountants (AICPA).

SSAE 16 is a new compliance standard, which all service organizations are required to have implemented. It replaces the SAS 70 Type II standard, which ceases to be valid on June 15, 2011, the SSAE 16 deadline.

"NYI is now compliant at its two main locations with both SAS 70 Type II and the SSAE 16 standard that is replacing the SAS 70 standard in June. NYI has been proactive toward getting ready for this change," said Joseph Kirkpatrick, SSAE Specialist, KirkpatrickPrice, LLC. "In addition, we have found that NYI strives to maintain compliance with both HIPAA and PCI."

"We welcome these new standards," said Phillip Koblence, VP Operations, NYI. "We have always taken ownership of business controls deployed at our facilities. Living up to assertion-based reporting is nothing new at NYI; it has been a benchmark for the past 15 years."

According to AICPA, SSAE 16 differs from SAS 70 by bringing US service organization reporting standards closer to the international standard, ISAE 3402. Differences include a management assertion section in the audit report, which demonstrates a working knowledge of the organization's controls. The subsequent audit, SSAE Type II, requires tracking of changes to controls, including who approved changes.

About NYI

Established in 1996, NYI is headquartered in the heart of the Wall Street area and owns and maintains its own data centers, including 999 Frontier, a flagship 40,000 square foot facility in Bridgewater, New Jersey. The company's core services include colocation, dedicated servers, web and email hosting, and managed services, as well as turnkey disaster recovery and business continuity solutions from its Bridgewater location. With its high-bandwidth connectivity partners offering immediate, sub-millisecond access to more than 20 markets, NYI specializes in mission-critical data services for the financial services industry, in addition to solutions for customers from a broad range of industries, including media, law, fashion, architecture, life sciences and real estate. NYI is SSAE 16- and SAS 70 Type II-compliant, in addition to being both PCI- and HIPAA-compliant. NYI's corporate motto is "Center Your Data."™

About KirkpatrickPrice, LLC

KirkpatrickPrice is a licensed CPA firm, registered with the Public Company Accounting Oversight Board. By specializing in SSAE audit services, the firm offers efficient expertise with relevant skills and qualifications for engagements governed by the Statement on Standards for Attestation Engagements No. 16. The firm’s employees are certified with CPA, CISA, CISSP and other certifications critical to the audit process.

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