|By Marketwired .||
|May 20, 2014 07:30 AM EDT||
SANTA CLARA, CA -- (Marketwired) -- 05/20/14 -- Centrify Corporation, the leader in Unified Identity Services across data center, cloud and mobile, today announced it has raised $42 million in funding with participation by strategic investors Samsung Ventures, Fortinet Inc. and Docomo Capital. The investment from global leaders in mobile technology and network security validates Centrify's holistic and unified approach to identity management and continued disruption of the Identity and Access Management (IAM) market -- which IDC estimates to be a $6 billion market by 2017.
As noted by Gartner in its October 2013 Market Trends report on cloud-based security services, the explosive demand for mobile and cloud-based security has created tremendous opportunities for identity vendors. Building upon 40 percent revenue growth over its prior year and adding key executive hires to its management team, Centrify is poised to capitalize on transitioning the market to Identity-as-a-Service (IDaaS).
"We believe Centrify is doing big things in the industry and we are confident that they will continue to provide the most comprehensive and cutting edge cloud-based solutions for identity and access management," said Dr. Injong Rhee, senior vice president of KNOX Business Group, IT & Mobile Communications Division, Samsung Electronics. "Samsung is investing in the enterprise and delivering to customers the best mobile solutions and Centrify is an integral partner for that offering."
"We are impressed with Centrify's vision for unified identity, the quality of its technology and the synergies with our industry leading high-performance network security solutions," said Neil Sundstrom, vice president, wireless solutions for Fortinet. "Fortinet is enthusiastic to partner with Centrify as one creative step to offer a solution unique in the market today for our enterprise customers that increasingly demand cutting-edge, cloud-based security services."
"Centrify's innovative approach to mobile security and identity management will be an added benefit to Docomo's millions of customers," said Neil Sadaranganey, managing director, Docomo Capital -- the corporate venture capital arm of NTT Group, Japan's leading ICT service provider. "As Centrify continues to expand its global footprint, Docomo and our customer base benefit. Docomo continues to invest in, and deliver, cutting edge mobile solutions, and our relationship with Centrify is proof of our commitment."
This funding announcement follows a stellar 2013 year as Centrify posted record total sales that grew more than 40 percent over the prior year. Centrify continued to grow its customer installed base while maintaining a 97 percent customer retention rate.
To foster the company's growth, global expansion and brand awareness, Centrify also added two executives -- Mark Weiner and Ally Zwahlen -- to its leadership roster. With extensive experience in cloud, data center and networking sectors, along with a proven track record with the IPO process and advising public companies, Weiner will serve as Centrify's chief marketing officer and join the company's executive management team reporting directly to Centrify CEO Tom Kemp. Formerly of McAfee and AVG, Zwahlen will assume the position of vice president of corporate communications and brings a deep understanding of the security and SaaS markets, trends and influencers.
"Our goal has always been to provide the best identity management solutions for our customers, and with this funding and new talent, I'm confident that we will continue to innovate and find ways to disrupt the industry given our unique ability to address identity across cloud, mobile and the data center," said Tom Kemp, Centrify CEO. "As key partners like Samsung, Fortinet, and NTT DOCOMO validate our unified approach, the future is increasingly bright for the identity market, and even brighter for Centrify."
Centrify provides unified identity services across data center, cloud and mobile environments that result in single sign-on (SSO) for users and a simplified identity infrastructure for IT. Centrify's unified identity management software and cloud-based Identity-as-a-Service (IDaaS) solutions leverage an organization's existing identity infrastructure to enable single sign-on, multi-factor authentication, privileged identity management, auditing for compliance and mobile, and mobile device management. Centrify customers can typically reduce their total cost of identity management and compliance by more than 50 percent, while improving business agility and overall security. Centrify is used by more than 5,000 customers worldwide, including approximately half of the Fortune 50 and more than 60 Federal agencies. For more information, please visit http://www.centrify.com/
Centrify is a registered trademark and Centrify Server Suite and Centrify User Suite are trademarks of Centrify Corporation in the United States and other countries. All other trademarks are the property of their respective owners.
Centrify Vice President, Corporate Communications
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
Mar. 1, 2015 02:00 AM EST Reads: 2,997
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of present...
Mar. 1, 2015 12:00 AM EST Reads: 2,927
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
Feb. 28, 2015 05:00 PM EST Reads: 1,348
VictorOps is making on-call suck less with the only collaborative alert management platform on the market. With easy on-call scheduling management, a real-time incident timeline that gives you contextual relevance around your alerts and powerful reporting features that make post-mortems more effective, VictorOps helps your IT/DevOps team solve problems faster.
Feb. 28, 2015 05:00 PM EST Reads: 1,158
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, will discuss why containers should be paired with new architectural practices such as microservices ra...
Feb. 28, 2015 04:00 PM EST Reads: 1,380
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been ...
Feb. 28, 2015 04:00 PM EST Reads: 1,105
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
Feb. 28, 2015 03:45 PM EST Reads: 2,208
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, de...
Feb. 28, 2015 03:30 PM EST Reads: 3,982
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focu...
Feb. 28, 2015 03:15 PM EST Reads: 1,245
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
Feb. 28, 2015 03:00 PM EST Reads: 2,161
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing...
Feb. 28, 2015 02:00 PM EST Reads: 1,219
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
Feb. 28, 2015 01:45 PM EST Reads: 1,149
Thanks to Docker, it becomes very easy to leverage containers to build, ship, and run any Linux application on any kind of infrastructure. Docker is particularly helpful for microservice architectures because their successful implementation relies on a fast, efficient deployment mechanism – which is precisely one of the features of Docker. Microservice architectures are therefore becoming more popular, and are increasingly seen as an interesting option even for smaller projects, instead of bein...
Feb. 28, 2015 01:15 PM EST Reads: 2,394
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
Feb. 28, 2015 01:15 PM EST Reads: 1,032
SYS-CON Events announced today Arista Networks will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Arista Networks was founded to deliver software-driven cloud networking solutions for large data center and computing environments. Arista’s award-winning 10/40/100GbE switches redefine scalability, robustness, and price-performance, with over 3,000 customers and more than three million cloud networking ports depl...
Feb. 28, 2015 01:00 PM EST Reads: 1,497