DETROIT, June 12, 2014 (GLOBE NEWSWIRE) -- Covisint Corporation (Nasdaq:COVS), provider of a leading cloud engagement platform, today announced that Gartner, Inc. has recognized Covisint as a Leader in its first ever "Magic Quadrant for Identity Access Management as a Service (IDaaS)," published June 2, 2014. The Magic Quadrant positions vendors on their ability to execute and completeness of vision. With this recognition, Covisint has now been positioned in the Magic Quadrants of what we see as the three key pillars in enterprise digital transformation – security, integration and presentation.
As a core tenant of the Covisint Cloud Engagement Platform, Covisint Cloud Identity Services enable organizations to simply and securely manage digital identities across virtually any combination of internal/external systems and end user groups. This enables organizations to gain a digital business advantage by seamlessly connecting with the user regardless of where they are within the enterprise value chain – suppliers, employees, value-added business partners or consumers. Covisint centralizes and automates processes surrounding the exposure, acceptance and monitoring of digital identities across security domains and radically improves speed-to-value by giving organizations a frictionless platform for identity and access management across cloud and on-premise systems and applications.
Gartner notes, "A vendor in the identity and access management as a service (IDaaS) market delivers a predominantly cloud-based service, in a multitenant or dedicated and hosted delivery model that brokers core identity governance and administration, access and intelligence functions to target systems on customers' premises and in the cloud." The report adds, "By the end of 2017, 20% of IAM purchases will use the IDaaS delivery model, up from less than 10% in 2014."
Identity, along with integration and the user experience, is one of three key pillars enterprises need to master as they transition to a cloud environment that can support their extended enterprise. Covisint's enterprise-grade platform – which is the only of its kind – delivers on all three of these functional areas in a single, integrated platform. In addition to being named a leader in the Magic Quadrant for IDaaS, Covisint was recently named a "visionary" in the "Gartner Magic Quadrant for Integration Brokerage"1, and the "Gartner Magic Quadrant for Horizontal Portals"2.
Today, the Covisint platform manages more than 21 million user identities and allows them to connect to over 212,000 customers, business partners and suppliers across a wide range of industries, including automotive, manufacturing, energy, consumer packaged goods and healthcare. The platform also processes over 11 million transactions per day.
"Regardless of the size of the company or industry, identity and security in today's digital age remains a paramount concern and challenge for any organization transitioning to the cloud," said Dave Miller, Covisint's Chief Security Officer. "We feel that being named a leader in the first ever Magic Quadrant for IDaaS reaffirms the value our customers put on our platform and the commitment we place on securing the identities of millions of global users for leading enterprises."
To access the full report, visit: http://bit.ly/1mIzQKg.
About the Magic Quadrant/MarketScope
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Covisint
Covisint provides the leading cloud engagement platform for creating and enabling new mission-critical external business processes. Our solutions enable organizations to connect, engage, and collaborate with the critical external audiences that define their success -- including customers, business partners, and suppliers. Covisint allows its clients to establish a secure, reliable, integrated presence in the cloud, and offer the kind of engaging information experiences that people everywhere have come to expect. Learn more at www.covisint.com.
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1. Gartner, "Magic Quadrant for Integration Brokerage," April 7, 2014, Benoit J. Lheureux, Paolo Malinverno, Valentin T. Sribar
2. Gartner, "Magic Quadrant for Horizontal Portals," September 12, 2013, Jim Murphy, Ray Valdes, Gene Phifer, Gavin Tay