Leading Australian enterprise technology company Felix Group Holdings (ASX: FLX) today announced it has achieved International Organisation for Standardisation (ISO) 27001:2013 Certification, the world's premier standard in information security, for its enterprise marketplace platform.
Felix now meets an internationally recognised standard for its information security management system (ISMS) enabling the company to assure current and future customers of its commitment to data security and privacy through the systematic approach of accreditation, which it believes will provide a strong, competitive advantage in the market by streamlining sales cycles.
Felix Chief Technology Officer Steve O’Keeffe said the certification specifies the requirements to establish, implement, maintain, and continually improve an ISMS, and assures the company’s use of robust data security controls in its operations.
“Achieving ISO 27001 certification aligns Felix with globally recognised best practice in terms of data security, and demonstrates the company’s commitment to a secure and trusted marketplace for industry participants,” he said.
The ISO certification positions the company to meet the rising expectations and standards for data privacy in an increasingly tightening legislative environment, he added.
“For Felix customers, certification means they can expect ongoing management of information security risks that could otherwise affect the confidentiality, integrity, and availability of corporate and personal information. Implemented controls include security-by-design product development, vulnerability management, encryption, business continuity and disaster recovery plans,” Mr O’Keeffe said.
Felix achieved certification after recently launching its best-practice prequalification framework, Vendor Optiqual®, which reduces the time and effort it takes to prequalify third-party vendors, enabling projects to commence sooner and with tighter supply chain risk management. Felix’s reported 66 per cent year-on-year growth in its vendor marketplace as at 30 April 2021 indicates the significant increase in customer data being housed in its enterprise platform.
The ISO certification was granted after the completion of a series of formal audits performed by global inspection, verification and testing organisation, British Standards Institution (BSI) Group. Throughout the audit, BSI performed rigorous checks to verify Felix’s global security, risk, and management operations met the requirements set out by the ISO.
Core to this was evaluating how Felix protects its technology infrastructure, development, operations, and services, explained Felix’s Head of Project Delivery and Chair of Felix’s Information Security Committee, Tony Chan.
“Achieving the ISO 27001 certification is another step in our ongoing security efforts, which always represents a priority for us at Felix. We remain focused on leading our industry by continually investing, improving, and upholding our commitments to protect the information of our clients and community,” Mr Chan said.
Felix operates a cloud-based enterprise Software as a Service (SaaS) and marketplace platform for the commercial construction and related industries. Felix connects Contractors and their third-party Vendors, automating and streamlining a range of critical procurement-related business processes.
Leading Australian cloud-based software-as-a-service (SaaS) enterprise platform Felix (ASX: FLX) is expected to list on the Australian Securities Exchange (ASX) tomorrow, 12 January 2021, following a $A12million Initial Public Offering (IPO) at $.36c a share, giving Felix a market capitalisation of $A47million.
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