Demand Continues in Q3 for Identity Automation's Complete Identity and Access Management (IAM) Offering as Organizations Displace Legacy IAM systems and Migrate to the Cloud
HOUSTON, TX--(Marketwired - Oct 26, 2016) - Identity Automation, provider of the most scalable full-lifecycle identity and access management (IAM) solution on the market, announced the successful close of Q3 with an increase of 124 percent in new bookings of annual recurring revenue under contract year-over-year. The new bookings bring Identity Automation's number of new managed users added in 2016 to over one million, as the company continues to expand into the enterprise, government, and higher education vertical markets.
As more and more organizations migrate to the cloud, they demand a flexible and cost-effective way to manage the identities and access of users during the transition. Identity Automation fulfills this need by offering a simple way to replace complex, expensive, and stale legacy IAM solutions and point products: RapidIdentity deployed in a private cloud. This full-service IAM offering in the cloud provides 100 percent of the functionality of an on-premises deployment. It also features integration with 2FA authentication capabilities, making it the most robust, flexible, and economical IAM and authentication solution in a single software stack.
"Identity Automation has hit a significant milestone this quarter, managing an additional one million users so far this year," said James Litton, CEO of Identity Automation. "We have seen rigorous adoption of our RapidIdentity as a service offering, along with continued interest in 2FA ONE, which provides customers with the ability to deploy risk-appropriate authentication methods. Identity Automation continues our work to enable more organizations to safely and securely adopt IAM as they move to the cloud."
Additional Q3 2016 Highlights
About Identity Automation
Identity Automation is a leading provider of Identity and Access Management software. We help enterprise, education, and government customers streamline security, limiting risk from data and network breaches, improving organizational agility, and reducing IT costs. Our flagship product, RapidIdentity actively manages user access to on-premises and cloud-based systems, and puts control of crucial security-management and governance tools in the hands of those who can use it best -- employees and managers. Intuitive, lightning- fast, rapid to deploy on premise or in the cloud, and easy to use, RapidIdentity is the right choice for organizations looking to streamline security in a dangerous world. Visit http://www.identityautomation.com for more information.
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Jim Dvorak
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