Thinkific Labs Inc. (“Thinkific” or the “Company”) (TSX: THNC), a leading platform for creating, marketing, and selling online learning products, announced that it has obtained SOC 2 Type 1 cybersecurity compliance certification through the successful completion of the Service Organization Control (SOC) 2 Type 1 audit with no findings.

The required audit was conducted by BDO Canada LLP, a leading global professional services firm, and the certification affirms that the Company’s information security practices, policies, procedures, and operations meet the stringent SOC 2 standards for security.

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SOC 2 is a cybersecurity compliance framework that is a widely recognized and respected compliance standard for companies entrusted with sensitive data. Thinkific’s successful certification provides enterprise customers and partners with an enhanced level of confidence, affirming the Company’s commitment to maintaining robust security measures in the storage and processing of client data.

With the growing reliance on external vendors for essential business activities and strategies, it has become crucial to establish high levels of trust and transparency regarding the operations and processes of cloud service providers. SOC 2 serves to validate the presence of internal controls that uphold the security principles outlined in the Trust Services Principles and Criteria for Security.

“As larger businesses put their faith in our platform to distribute their learning products and grow their business, maintaining robust security and data privacy is essential as a trusted partner,” said Greg Smith, CEO of Thinkific. “The SOC 2 certification is an important independent validation of our commitment to maintaining the highest level of security and compliance for our customers.”

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