SOURCE: Courion Corporation

Courion Corporation

April 15, 2015 09:00 ET

Courion Announces Strategic Equity Investment and Continued Sales Momentum

WESTBOROUGH, MA--(Marketwired - April 15, 2015) - Courion®, the market leading provider of intelligent identity governance and administration (IGA) solutions, today announced continued market momentum with a strategic equity investment from K1 Investment Management and key customer wins in the first quarter of 2015.

In the first quarter of 2015, total bookings grew 21 percent year-over-year. Key first quarter wins include organizations from a variety of industries such as financial services, manufacturing, education and healthcare. Security-conscious organizations increasingly select Courion over competing offerings because they recognize the value of an IGA solution enhanced with identity analytics and intelligence (IAI). Courion intelligent IGA solutions leverage the application of risk analytics to big data to dramatically improve how IT staff create, manage and terminate access rights for resources and how they identify and eliminate access risk. This enables Courion customers to improve service agility and maintain compliance on a continuous basis, streamlining audits and reducing IT costs.

"It's exciting to see the market recognize and respond to provisioning and governance solutions enhanced by intelligence," said Chris Papadakis, Chief Operating Officer of Courion Corporation. "We are looking ahead to continued strong growth in 2015."

That growth will be fueled by a recent investment in the company by K1 Investment Management which will make it possible for the perennial Gartner Magic Quadrant Leader to grow its sales organization and make strategic investments in the business. To maximize market opportunity, Courion is expanding its operation by hiring staff for a variety of positions.

"With these new investments, I am confident that Courion will be able to fully capitalize on its technology leadership position to continue expanding its market share," said Kurt Johnson, Vice President of Corporate Strategy for Courion.

"We see strong interest for our solutions in Europe and the Middle East," said Chris Sullivan, Vice President of EMEA Operations for Courion. "As just one example, the governance needs for financial services institutions in the U.K. might differ from those in the U.S., yet Courion's Access Assurance Suite can accommodate those compliance requirements easily."

Courion customers will learn more about these and other exciting updates at CONVERGE, the company's annual customer conference, which will take place Tuesday, May 19 through Thursday, May 21 at the Cosmopolitan Hotel in Las Vegas. The user conference offers Fortune 1000 information security executives the opportunity to learn more about near term enhancements to the Access Assurance Suite and future product plans as well as earn continuing professional education (CPE) credits. To register or learn more, visit Courion.com/CONVERGE.

ABOUT COURION
Courion is the market leader in identity governance and administration (IGA), from provisioning to governance to identity analytics and intelligence (IAI). Many of the world's largest enterprises and organizations rely on Courion's solutions to confidently provide open and compliant access to thousands of employees while protecting critical company data and assets from unauthorized access. Courion has offices and operations in the USA, Europe, Middle East and Asia. To learn more about how you can add intelligent identity and access management solutions to your security controls, contact 866.Courion or info@courion.com. For more information, please visit www.courion.com or follow twitter.com/courion, linkedin.com/Courion-Corporation or http://blog.courion.com/.

ABOUT K1 INVESTMENT MANAGEMENT, LLC
K1 is a West Coast-based venture capital firm with offices in Los Angeles, Menlo Park and Denver. The firm focuses exclusively on enterprise software companies that provide mission critical applications. K1 is a value-added investor with a dedicated operational consulting affiliate that drives scalability and operational excellence across the organization. For more information please visit www.k1capital.com

Courion is a registered trademark of Courion Corporation. All rights reserved. All other company and product names may be trademarks of their respective owners.

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