ChainUp strengthens security posture with achievement of SOC 2 Type 2 certification
Mar 27, 2024•over 1 year ago
Acquiring Company
ChainUp
Acquired Company
ChainUp
Description
ChainUp, a global blockchain technology solutions provider, has achieved the highly sought-after Service Organization Control 2 Type 2 certification, further solidifying its position as a trusted leader in digital asset custody. The audit certification was conducted by Deloitte Touche Tohmatsu Certified Public Accountants LLP, in accordance with the criteria set by the American Institute of Certified Public Accountants (AICPA). This certification verifies ChainUp’s service commitments and system requirements, ensuring the security of client data and systems, and providing independent assurance that ChainUp prioritizes data security and has a strong system in place to keep client assets safe.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed