Press Releases

Vibato to Participate In High Street Partners' 2010 Webinar Series

Posted by Nancy Johnson on Feb 25, 2010 8:58:00 AM

Vibato 2010 compliance webinar with High Street PartnersWhat Pre-IPO Companies Need To Know About International Compliance

SAN FRANCISCO, Calif. - February 24, 2010 - Vibato, the only provider of the fixed-price, best-practice, modular approach to meeting Sarbanes-Oxley (SOX) and SAS-related compliance requirements, today announced its participation in a webinar focused on pre-IPO compliance issues. The event is part of a series hosted by High Street Partners, the international business services provider.

 

Planning a Public Offering? Stay on Top of International Compliance will be an interactive discussion about planning for public offerings, with an international perspective on compliance considerations. Speakers and panelists include Larry Harding, President of High Street Partners, Teresa Bockwoldt, CEO of Vibato, and Jim Anderson, President of SVB Analytics.

This webinar is scheduled for March 4, 2010 from 1:00 - 2:00 pm (EST). Register here.

"This webinar series brings together thought-leaders who are focused on issues of high importance to anyone operating overseas," said Larry Harding, president of High Street Partners, Inc. "We're kicking off with a discussion of pre-IPO compliance because we believe in an "ounce of prevention" approach when it comes to proper internal controls, having seen too often what can happen when companies don't get off on the right foot when operating internationally."

"We are thrilled to get in front of an audience that needs to understand compliance from a pre-IPO perspective," said Teresa Bockwoldt, chief executive officer, Vibato. "Our belief is that having a solid best-practice approach to use as a guide while a company expands internationally will provide an advantage from the start. And Pre-IPO companies especially need to be cognizant of compliance issues as they make the transition to publicly traded firms."

Subsequent events in the HSP series include European VAT recovery and EU employment contract discussions. Additional sponsors and panelists include Bowne, Osborne-Clark, Silicon Valley Bank and Global Tax Network. For more information, visit www.hsp.com.

About Vibato
Vibato, LLC is dedicated to providing the most cost-effective compliance solutions available. Our mission is to help you reduce audit and compliance fees, improve financial transparency and run your business more efficiently. For more information, please visit us at www.vibato.com or contact us directly at mail@vibato.com.

About High Street Partners, Inc.
High Street Partners provides international business services, including accounting, tax, compliance, HR, payroll, and bookkeeping, to public and private companies, top-tier universities, non-profits, and government contractors operating in foreign markets. Named #78 on the 2009 Inc. 500 list of fastest growing private companies in America, HSP is headquartered in Annapolis, Maryland, with offices in Boston, Atlanta, San Jose, San Diego, San Francisco, Tokyo, Hong Kong, Shanghai and London. For more information, call 1-888-881-6576 or visit http://www.hsp.com.

Topics: Internal Controls, Pre-IPO, IPO, Sarbanes-Oxley Training, compliance, internal control

Vibato Highlights SOX Success Story with ZAGG, Inc.

Posted by Teresa Bockwoldt on Dec 2, 2009 8:12:00 AM

Company completes a full Sarbanes-Oxley implementation in less than one week and for less than $45K for a $150M market cap company

SAN FRANCISCO, Calif. - December 2, 2009 - Vibato, a leading provider of innovative, efficient solutions helping companies of all sizes and industries minimize the costs associated with Sarbanes-Oxley and SAS-related compliance requirements, today announced that Zagg, Inc implemented Sox Compliance Made Simple (SCMS) in less than a week for less than $45K.  With companies like Zagg and a consistently growing customer roster, Vibato continues to see rapid adoption of the SCMS toolset.  Vibato customers and partners benefit from the rapid implementation time, integrated controls testing procedures, supplemental documentation to ensure proper control understanding and execution, and standardized approach based on best-practice methodologies.

Vibato customer-ZAGG

Zagg, Inc., a $150 million market cap company and the innovative consumer products manufacturer of the invisibleSHIELDTM clear protective film, has experienced rapid growth leading to a transition to accelerated public filer status for 2009.  This transition required an accelerated Sarbanes-Oxley implementation project that could be completed in a short time period and would not interfere with their rapid growth and demanding resource constraints.  Vibato was able to complete the initial implementation at Zagg in just two days which included a risk assessment, documentation of eight process cycles and a segregation of duties analysis, and will complete all required initial testing in just a few weeks.

"I was surprised and very satisfied that Vibato was able to complete the implementation and testing so quickly," said Brandon O'Brien, chief financial officer at Zagg, Inc.  "This really reduced our own anticipated internal resource effort, while keeping the costs down and still allowing us to be prepared for our year-end audit."

Zagg was referred to Vibato by their audit partner, Paul Skeen, at Hansen, Barnett, & Maxwell P.C. (HBM).  Based on a belief in Vibato's unique approach with SCMS®, HBM has referred several clients who need a truly cost-effective approach comprised of a comprehensive set of tools and documentation that can be completed in as little as one day.

"We are very supportive of Vibato because they really understand how to deliver value in their approach and we believe this provides the highest level of service to our clients," said Paul Skeen, partner at Hansen, Barnett, & Maxwell P.C.  "We are continually looking for ways to assist our clients in meeting their compliance needs and Vibato's unique approach is the best we have seen for helping our clients establish or refine a strong internal control infrastructure quickly and cost-effectively."

"We were delighted to work with a great growth company like Zagg; we really feel like we get what our customers need just like they do," said Teresa Bockwoldt, chief executive officer, Vibato.  "I am confident our approach can serve non-accelerated and accelerated filers of all sizes and needs, as well as those companies who have already completed their Sarbanes-Oxley work and are looking for a more efficient approach that reduces both cost and effort.  We share a common vision with HBM for delivering excellent customer service and value to our clients and our clients' shareholders.  This effort, combined with the great service provided by HBM, makes Sarbanes-Oxley implementations useful for clients."

ZAGG, Inc. (NASDAQ: ZAGG) is dedicated to protecting and enhancing the mobile experience.  ZAGG designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices worldwide under the brand names invisibleSHIELD(TM) and ZAGGaudio(TM).  ZAGG continues to increase its product lines to offer additional electronic accessories and services to its tech-savvy customer base, including upcoming technologies like ZAGGbox, to be introduced at CES 2010, and HzO, a breakthrough gadget waterproofing technology.  The invisibleSHIELD is a protective, high-tech patented film covering designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices and other items.  The patent-pending invisibleSHIELD application of clear protective film covering a device is the first scratch protection solution of its kind on the market and has sold millions of units.  For more product or investor information, please visit the company's web site at here.

HBM has provided quality client service for more than 40 years and has built a solid understanding of businesses.  HBM's experience gives them the edge to help their clients grow and succeed.  Whether for traditional CPA services such as audit, tax and write-up, or for more specialized services such as SEC filings, profit enhancement, benefits consulting, litigation support and more, HBM's expert staff is ready to customize a portfolio of services designed to meet customer needs and exceed their expectations.  For more information, please visit http://www.hbmcpas.com/.

Vibato's game-changing modular approach allows scalability while also minimizing implementation and ongoing testing costs.  In addition, the integrated and standardized approach helps streamline the external audit effort, resulting in both cost and time savings for Vibato partners such as HBM and their clients.

The SCMS suite is currently available for companies of all sizes and industries.  For more information please visit this link or call (888) 4VIBATO.

About Vibato

Vibato, LLC is dedicated to providing the most cost-effective compliance solutions available.  Our mission is to help you reduce audit and compliance fees, improve financial transparency and run your business more efficiently.  For more information, please visit us at www.vibato.com or contact us directly at mail@vibato.com.

Topics: Internal Controls, segregation of duties, Vibato Success Stories, internal control