SOURCE: Centrify Corporation

Centrify Corporation

July 15, 2014 08:17 ET

Centrify Achieves Record Revenue and Becomes First Identity-as-a-Service Vendor to Surpass Milestone of 2,000 Cloud Customers

Strong Customer Acquisition Rate Drives Growth and Underscores Value of Complete Solution for Identity and Access Management Across Cloud, Mobile and On-Premises Environments

SANTA CLARA, CA--(Marketwired - Jul 15, 2014) - Centrify Corporation, the leader in unified identity management across data center, cloud and mobile, today announced it has posted another fiscal year of record sales, ending June 30, 2014. Helping to drive this achievement is the fact that Centrify has become the first company in the Identity-as-a-Service ("IDaaS") market to serve and support more than 2,000 customers in the cloud. The strong customer acquisition rates seen in the fiscal year underscore the value of Centrify's comprehensive approach to identity management across cloud, on-premises and mobile environments.

Centrify is uniquely positioned to capitalize on the explosive demand for cloud-based security as companies of all sizes continue to embrace the IDaaS (also known as "Cloud Identity" or "Identity and Access Management as a Service") model. In fact, Gartner's October 2013 "Market Trends: Cloud-Based Security Services Market, Worldwide" report noted that the rapid growth of mobile and cloud-based security is propelling the cloud-based identity market to more than $1 billion by 2017, while IDC's worldwide IAM forecast, issued in June 2013, predicted the overall market will reach $6 billion annually by 2017.

"Centrify's continued strong performance can be attributed to our ability to address identity needs for all environments, including cloud, mobile and on-premises," said Tom Kemp, CEO of Centrify. "We are thrilled that our direct sales team, as well as our channel and OEM partners, has signed up more than 2,000 customers to date to our cloud-based identity platform. Coupled with more than 5,000 customers of our identity management software, we have one of the largest install bases in the identity and access management market, no matter the deployment model."

By unifying customers' identity management requirements, Centrify helps organizations see greater end user productivity and security by not only delivering single sign-on (SSO) but also delivering multifactor authentication. In addition, Centrify's solution allows organizations to improve IT efficiency, better address regulatory compliance, better secure their hybrid cloud and on-premises IT environment, as well as lower total cost of ownership for their identity infrastructure.

"After comprehensive research into the various identity and access management providers, we selected Centrify," said Michael Goay, University of Southern California executive director of Information Technology. "Hands down, they offered the best flexibility and manageability for extending unified access management from Windows Active Directory across our heterogeneous computing environment. We found Centrify's licensing model and customer support to be unmatched in the industry. Our students are now benefitting from the ability to log onto USC computer resources with their personal devices using a single primary log-in, without the need for cumbersome password management."

In addition to posting strong sales, servicing more than 2,000 customers in the cloud and 5,000 customers worldwide, Centrify secured a number of achievements in FY 2014, including:

Centrify is continuing to grow its customer installed base while maintaining a 97 percent customer retention rate.

About Centrify
Centrify provides unified identity management across data center, cloud and mobile environments that deliver a 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 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 nearly half of the Fortune 50 and more than 60 Federal agencies.

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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.

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