|By Business Wire||
|January 6, 2014 10:23 AM EST||
SailPoint today announced it is the 62nd fastest growing technology company in North America, and the fastest growing of all IAM companies according to the recent Deloitte Technology Fast 500. As additional validation that SailPoint is leading the rapidly growing identity and access management (IAM) market, the company surpassed the $100 million mark in cumulative GAAP revenue in 2013 and lists hundreds of the world’s largest organizations as customers. Additionally, SailPoint was recently named a Leader in Gartner’s 2013 “Magic Quadrant for Identity Governance and Administration” based on the company’s completeness of vision and ability to execute.
The IAM market is poised to reach about $3.5 billion this year. SailPoint, which provides customers with the innovation, customer service and expertise they need to stay on top of their identity challenges, is well positioned to take advantage of this surging market. The company currently boasts one of the industry’s largest, dedicated teams of IAM experts with an average of more than six years of IAM-specific experience per employee. The company is committed to every customer’s success, and maintains a 90%+ customer satisfaction level. As an example of SailPoint’s commitment to innovation, the company recently delivered the industry’s first enterprise-grade IAM-as-a-service (IDaaS) offering. With both SailPoint IdentityIQ and SailPoint IdentityNow, the company delivers the maximum range of choice for customers to address their ever-evolving IAM challenges.
“The IAM market is experiencing the hottest growth I’ve seen in my career,” said Kevin Cunningham, president and founder of SailPoint. “SailPoint’s market-leading innovation and unparalleled commitment to our customers is fueling our continued growth. We believe that being named a Leader in the Gartner IGA Magic Quadrant is validation that our heritage and deep expertise in enterprise IAM will continue to lead the charge as the market evolves. We pioneered the identity governance market and completely disrupted the legacy provisioning market, and we will continue to deliver innovative solutions that meet the evolving IAM needs of the world’s largest companies.”
The IGA Magic Quadrant report replaces two previous Magic Quadrant reports, one on identity and access governance (IAG), and the other on user administration and provisioning. As part of the assessment process for inclusion in the Magic Quadrant, Gartner conducted an exhaustive product and company evaluation and interviewed customers from each vendor in the report. For complimentary access to “2013 Gartner Magic Quadrant for Identity Governance and Administration” please visit: http://www.sailpoint.com/GartnerIGAMagicQuadrant.
The 2013 Technology Fast 500 is an annual ranking of the fastest growing public and private technology companies. The ranking is based on five year’s of fiscal year revenue growth that is validated and measured by Deloitte. SailPoint's growth rate from 2008 to 2012 was 3,483%, which is well above the average growth of all the software companies on the list. Deloitte’s Fast 500 is the second time in a year that SailPoint’s record growth has been validated by a third party. Earlier in 2013, the UK-based analyst firm Ovum conducted its IAM market analysis and concluded that SailPoint is one of the fastest-growing IAM vendors in the market, writing in the 2013 Ovum IAM Decision Matrix that SailPoint’s growth is “more than double that of its nearest competitor and has been a strong measure of the company's success for the last three years.”
About the Gartner Magic Quadrant:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.