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Systech Completes SOC 2 Type II Audit for Second Consecutive Year

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Systech, a Dover subsidiary providing digital identification and traceability software solutions, has successfully completed its second consecutive SOC 2 Type II Audit. The audit, conducted by an independent firm, evaluated the company's internal controls, including network security, software development, access control, and disaster recovery systems. The auditor issued an unqualified opinion, confirming Systech meets or exceeds SOC 2 criteria, demonstrating its commitment to maintaining secure operations and protecting customer data.

Systech, una consociata di Dover che offre soluzioni software per l'identificazione digitale e la tracciabilità, ha completato con successo il suo secondo audit SOC 2 Type II consecutivo. L'audit, condotto da un'azienda indipendente, ha valutato i controlli interni dell'azienda, compresi la sicurezza della rete, lo sviluppo software, il controllo degli accessi e i sistemi di recupero in caso di disastro. L'auditor ha rilasciato un'opinione senza riserve, confermando che Systech soddisfa o supera i criteri SOC 2, dimostrando il suo impegno a mantenere operazioni sicure e a proteggere i dati dei clienti.

Systech, una subsidiaria de Dover que proporciona soluciones de software para identificación digital y trazabilidad, ha completado con éxito su segunda auditoría SOC 2 Type II consecutiva. La auditoría, realizada por una firma independiente, evaluó los controles internos de la empresa, incluyendo la seguridad de la red, el desarrollo de software, el control de acceso y los sistemas de recuperación ante desastres. El auditor emitió una opinión sin reservas, confirmando que Systech cumple o supera los criterios de SOC 2, demostrando su compromiso con la operación segura y la protección de los datos de los clientes.

Systech는 디지털 아이덴티피케이션 및 추적 소프트웨어 솔루션을 제공하는 Dover의 자회사로서, 연속 두 번째 SOC 2 Type II 감사를 성공적으로 완료했습니다. 독립적인 기업에 의해 실시된 이번 감사는 회사의 내부 통제를 평가했으며, 네트워크 보안, 소프트웨어 개발, 접근 제어 및 재해 복구 시스템을 포함했습니다. 감사자는 Systech가 SOC 2 기준을 충족하거나 초과한다고 확인하며, 안전한 운영과 고객 데이터 보호를 위한 헌신을 보여주었습니다.

Systech, une filiale de Dover fournissant des solutions logicielles d'identification numérique et de traçabilité, a réussi à compléter son deuxième audit consécutif SOC 2 Type II. L'audit, réalisé par un cabinet indépendant, a évalué les contrôles internes de l'entreprise, y compris la sécurité des réseaux, le développement de logiciels, le contrôle d'accès et les systèmes de récupération après sinistre. L'auditeur a émis un avis sans réserve, confirmant que Systech respecte ou dépasse les critères SOC 2, démontrant ainsi son engagement à maintenir des opérations sécurisées et à protéger les données des clients.

Systech, eine Tochtergesellschaft von Dover, die digitale Identifikations- und Rückverfolgbarkeitssoftwarelösungen anbietet, hat erfolgreich ihr zweites aufeinanderfolgendes SOC 2 Type II Audit abgeschlossen. Das Audit, durchgeführt von einer unabhängigen Firma, bewertete die internen Kontrollen des Unternehmens, einschließlich Netzwerksicherheit, Softwareentwicklung, Zugangskontrolle und Notfallwiederherstellungssystemen. Der Prüfer gab ein uneingeschränktes Urteil ab und bestätigte, dass Systech die SOC 2-Kriterien erfüllt oder übertrifft, was das Engagement des Unternehmens für sichere Betriebe und den Schutz der Kundendaten unterstreicht.

Positive
  • Successfully passed SOC 2 Type II audit for second consecutive year
  • Received unqualified opinion from independent auditors
  • Demonstrates strong data security and operational controls compliance
Negative
  • None.

Insights

The successful completion of a second SOC 2 Type II audit demonstrates robust security infrastructure and operational controls at Systech, but has minimal direct financial impact on Dover's overall operations. While this certification is important for maintaining customer trust and compliance, particularly in handling sensitive data, it represents a routine operational achievement rather than a material business development.

The unqualified opinion from auditors confirms Systech's adherence to industry security standards, which is essential for retaining existing customers and competing in the digital identification market. However, as a subsidiary of Markem-Imaje within Dover's portfolio, this certification primarily supports ongoing business continuity rather than driving new revenue streams or cost savings.

DOWNERS GROVE, Ill., Nov. 26, 2024 /PRNewswire/ -- Systech, part of Markem-Imaje and Dover and a leading provider of digital identification and traceability software solutions, today announced that it has successfully completed its second consecutive System and Organization Controls (SOC) 2® Type II Audit examination. This achievement underscores Systech's unwavering commitment to maintaining a secure operating environment for its customers' confidential data.

SOC 2 Type II attestation is conducted by an independent auditing firm and provides an understanding of the design and operating effectiveness of a service organization's internal controls. Systech's successful completion of this audit for the second year demonstrates its dedication to upholding the highest security and compliance standards.

"Building on last year's success, completing the SOC 2 Type II audit validates our continued commitment to customer data security and operational controls," said Sreedhar Patnala, General Manager of Systech. "This certification provides our customers with further assurance that their data is protected by industry-leading security practices."

The audit rigorously examined Systech's policies, procedures and infrastructure related to network and systems security, software development lifecycle, separation of duties, access control, system availability, backup and disaster recovery, and other critical operational areas. The service auditor then issued a report with an unqualified opinion, confirming that Systech meets or exceeds the stringent SOC 2 criteria.

About Systech:

Systech provides digital identification and traceability solutions that establish essential product data, ensure digital connectivity, and enable real-time insights on the packaging line and throughout the supply chain. With decades of experience in pharmaceutical packaging execution and serialization, Systech offers comprehensive, easily configured, turnkey software solutions with reliable implementation and expert support. Global brands across industries rely on Systech's platform to help them achieve their objectives in compliance, resiliency, sustainability, and digital transformation. Systech is a leading brand of Markem-Imaje®, a global product identification, packaging intelligence, and connected product solutions provider and a part of Dover Corporation. Visit www.systechone.com for further information.

About Markem-Imaje:

Markem-Imaje, a wholly owned subsidiary of the US-based Dover Corporation is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace. Visit www.markem-imaje.com for further information.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

Systech Contact:
Jim Waters
(609) 395-8400
pr@systechone.com

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

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SOURCE Dover

FAQ

What certification did Systech (DOV) achieve in 2024?

Systech completed its second consecutive SOC 2 Type II Audit examination in 2024, demonstrating compliance with stringent security and operational control standards.

What areas were evaluated in Systech's (DOV) SOC 2 Type II audit?

The audit examined Systech's network security, software development lifecycle, separation of duties, access control, system availability, backup and disaster recovery, and other operational areas.

What was the outcome of Systech's (DOV) 2024 SOC 2 Type II audit?

The independent auditor issued an unqualified opinion, confirming that Systech meets or exceeds the SOC 2 criteria for security and operational controls.

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