At VTS I recently lead the effort to get our SOC2 audit. This is just another way we are helping to ensure our customers we are doing everything we can to keep their data safe and maintain transparency with our security program. This is an important milestone for any SaaS provider.

In my experience, its not particularly common for providers to go through this process, no matter what the size or age of the company.

Here is a link to the Bisnow article highlighting this and some of the things VTS does to help secure our platform.