MOUNTAIN VIEW, Calif., July 18, 2013 /PRNewswire/ -- Retail Solutions Inc. (RSi), a global provider of cloud-based, Big Data analytics and real-time intelligence for the consumer-products industry, today announced that is has met the rigorous requirements of the TRUSTe Privacy Certification Program for cloud-based businesses and is now EU and Swiss Safe Harbor compliant. The TRUSTe Seal signifies that RSi adheres to the utmost standards in data management, interoperability and protection, enabling customers, business partners and consumers to have complete trust in the integrity and quality of the data that is being collected, stored and transmitted by RSi.
RSi has been creating value from operational downstream data since 2008, collecting more than two billion records daily of retailer Big Data including, point-of-sale, out-of-stock, forecasts, promos, pricing, etc., and transforms it into actionable business intelligence to be shared with suppliers across their enterprise. RSi's reach covers point-of-sale data from 80 retailers in 130,000 locations worldwide. Today, more than 500 Consumer Packaged Goods (CPG) enterprises subscribe to RSi to monitor and manage the performance of their brands.
"Data is our business and we are continuously striving to exceed all requirements for privacy and regulatory compliance across the globe," said Peter Rieman, Chief Operating Officer at RSi. "Certifying with TRUSTe, an industry leader in online privacy services, brings an additional level of third-party credibility and data assurance, enabling RSi to achieve the highest standards for online privacy and customer satisfaction."RSi is cognizant of the prevailing paradigm that organizations cannot have privacy without security. The company is committed to the continual improvement and implementation of best international practices for cross-border privacy compliance, security management and data assurance. With its international reach, RSi has remained ahead of the curve in delivering data privacy practices and continues to hold this unique competitive advantage among service providers in the retail industry. To further strengthen its TRUSTe certification, RSi has included Safe Harbor compliance and mobile application assessment as part of the audit review. The TRUSTe Privacy Certification Program confirms that RSi aligns with the requirements for the EU and more recent Swiss directives on consumer data protection by complying with the Safe Harbor Frameworks and prepares RSi for self-certification with the U.S. Department of Commerce.