|By Business Wire||
|August 7, 2014 10:00 AM EDT||
SailPoint, the leader in identity and access management (IAM), continued its robust growth in the first half of 2014, achieving greater than 60% YoY growth. Additionally, in Q2 2014 the company achieved record operating profit on the strength of its continued high rate of new customer acquisition. Many of SailPoint’s newest customers are leveraging SailPoint’s SaaS-based IAM solution, IdentityNow. SailPoint, which was recently named the fastest growing IAM company in North America, also opened its 11th global office in Hong Kong and was named a “Best Places to Work” company for the fifth consecutive year.
Hundreds of customers around the world are now using SailPoint’s innovative IAM solutions, IdentityIQ and IdentityNow. Together, these companies have millions of identities and hundreds of millions of entitlements under management. Almost 100 of SailPoint’s customers have migrated away from outdated provisioning solutions and are now benefiting from the company’s governance-based approach to IAM – with some customers reporting one million dollars in savings in their first year with SailPoint IdentityIQ.
Given the overwhelmingly positive market response to SailPoint’s approach to IAM-as-a-service (IDaaS), as well as the company’s unparalleled leadership in the IAM market, IdentityNow was recently named a market leader in KuppingerCole’s newest Leadership Compass report, “Cloud IAM/IAG.” The report credits SailPoint with delivering a new, cloud-based solution that leverages the company’s extensive expertise in IAM. IdentityNow is also cited as being a true enterprise-grade approach to IAM from the cloud that manages access for a hybrid IT environment spanning on-premises and cloud-based applications, instead of focusing only on access to cloud applications like other vendors in the market.
“Being named an IDaaS market leader after only a few months in the market is a testament to SailPoint’s history and vision for the IAM market,” said Kevin Cunningham, president and founder of SailPoint. “There is a growing segment of companies who want to address their IAM challenges with a SaaS solution, and IdentityNow presents an ideal solution for them. With IdentityNow and IdentityIQ, SailPoint is extending our commitment to driving market innovation and ensuring the success of our customers to provide IAM on any device at any time and any place.”
As the fastest-growing, independent identity and access management (IAM) provider, SailPoint helps hundreds of the world's largest organizations securely and effectively deliver and manage user access from any device to data and applications residing in the datacenter, on mobile devices, and in the cloud. The company's innovative product portfolio offers customers an integrated set of core services including identity governance, provisioning, and access management delivered on-premises or from the cloud (IAM-as-a-service). For more information about SailPoint, please visit www.sailpoint.com.
SailPoint, the SailPoint logo, IdentityIQ, IdentityNow and all techniques are trademarks or registered trademarks of SailPoint Technologies, Inc. in the U.S. and/or other countries. All other products or services are trademarks of their respective companies.
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