Tamarack Technology Obtains SOC 2 Type 1 Compliance

St. Paul, Minn. (December 13, 2022) — Tamarack Technology, Inc., a leading provider of artificial intelligence (AI)-based automation and business intelligence software designed for the
equipment finance industry, has successfully obtained SOC 2® Type 1 compliance for its suite of AI products and the protection of client data. The audit was conducted by the Twin Cities-based CPA firm, LB Carlson.

Designed by the American Institute of Certified Public Accountants (“AICPA”), SOC 2 refers to System and Organization Controls. Achieving SOC 2 Type 1 compliance is a reflection of Tamarack’s commitment to ensuring the security of its clients’ (and their customers’) data and confirms that all system requirements adhere to the trust services criteria relevant to the security standards set by AICPA.

“The equipment finance industry is fueled by sensitive customer data and, as such, nothing is as important to the application of AI and automation technology than protecting the integrity and
security of our clients’ data,” said Tim Appleget, director of SaaS products at Tamarack. “Earning the SOC 2 compliance certification demonstrates that we have met the AICPA’s highest standards of data privacy and adhered to the principles of security when protecting customer data. And as the implementation of our AI products continues to increase, having SOC 2 compliance gives us the ability to secure the data of new clients from day one.”

Tamarack’s suite of AI products uses data from across an organization's digital systems – past and present – to speed up operational workflows and automate decisions like approval, syndication and funding. Tamarack enables customers to use their data in conjunction with commercial data sources to differentiate their business and elevate competitive advantages that drive more value with customers.

A core component of SOC 2 compliance is following the AICPA standards and establishing a set of robust procedures and processes that are followed by Tamarack employees and contractors. Examples of these procedures include establishing and implementing processes for change management, support ticketing and vendor risk analysis.

Tamarack began the SOC 2 compliance review process in January 2022, and the audit was conducted by the CPA firm in October 2022. The final report from LB Carlson was issued in December 2022.

About Tamarack Technology, Inc.
Tamarack Technology is a leading provider of AI-based automation and business intelligence software specifically designed for the equipment finance industry. For more than 20 years, Tamarack has helped lessors protect their investments, improve business performance, and provide customers with access to solutions that enhance financial results. The company’s professional services help customers with technology integration, implementation and data migration for the leading industry portfolio management platforms. Tamarack's suite of AI products connects and integrates key ecosystem applications using historical and real-time data to automate burdensome manual processes, drive operational efficiency with better, faster decision making, and improve organizational productivity. For more information, email discover@tamarack.ai or visit www.tamarack.ai.

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