CAMELEON SOFTWARE 
By PRESS RELEASE | CAMELEON SOFTWARE
For immediate release
Cameleon Software - +33 (0)811 70 78 78
Thibault de Bouville, Directeur Administratif Financier tdebouville@cameleon-software.com
Virginie Dupin, Directeur Marketing vdupin@cameleon-software.com
Obtaining of ISAE 3402 and SSAE 16 reports
Given the international growth of its Cloud offer, Cameleon is strengthening its internal control policy.
Chicago, IL, USA and Toulouse, France, July 18, 2013
Cameleon Software (FR0000074247), the number one CPQ provider for tier one organizations, today annonced that it has obtained ISAE 3402 (international) and SSAE 16 type 1 (US) (*) reports for its SaaS offer and for all of its customer support services.
The obtaining of these reports is the result of collaborative work carried out simultaneously with the sustained development of Cameleon's SaaS business over the past few years. For the record, revenue from this source grew by 270% in 2012 versus 2011, the recurring 2012 revenue (SaaS + maintenance) accounting for more than 40% of the company's consolidated revenue.
ISAE 3402 and SSAE 16 are international standards that formalize the introduction of a demanding internal control system suited to the management of the risks inherent to "cloud"-based services. These reports currently provide internationally recognized safety guarantees for customers. They are part of the more global framework of a policy of risk and quality management whose main focuses are data security and the continuity of Cameleon's service within the Cloud.
These reports were issued by KPMG, audit company.
"These reports underline the quality of the processes used to roll out our Cameleon offer within the Cloud in line with the group's solid technological and operational expertise. They reflect the company's intention to adopt an approach of continuous optimization of its internal control in accordance with current international standards. These are all assets that are allowing us to strengthen our relationship of trust with our customers and partners", explains Jacques Soumeillan, Chairman and Chief Executive Officer of Cameleon Software.
* The international standard ISAE 3402 (International Standard on Assurance Engagements No. 3402) published by the IAASB (International Auditing and Assurance Standards Board) and the US standard SSAE 16 (Statement on Standards for Attestation Engagements No. 16) published by the AICPA (American Institute of Certified Public Accountants) define the content of SOC1 (Service Organization Control) reports. There are two types of SOC1 reports: type 1 and type 2.
About Cameleon Software
Cameleon Software is the global leader in multichannel, multi-device product configurator, quotes, proposals and eCommerce software. Cameleon solutions empower customers' sales teams to streamline their quote-to-order process and increase sales across all channels, and marketing teams to define and launch new products faster. Cameleon's solutions integrate to leading CRM and ERP systems including salesforce.com, SAP, Oracle and Microsoft and are available as both SaaS and On Premises. Cameleon Software is a public company with strong references in industries such as insurance and financial services, telecom, hi-tech and manufacturing, including ADT/Tyco, Cable ONE, Sage, SFR, Technip and ThyssenKrupp.
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Forward-Looking Statements Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in litigation; and changes in and a dependence on key personnel, as well as other factors. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
http://hugin.info/143401/R/1717444/571085.pdf
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Source: CAMELEON SOFTWARE via Thomson Reuters ONE
