Hitachi ID Systems ends fiscal year with record revenue
Identity Manager (IAM) and Privileged Access Manager (PAM) solutions drive growth
April 14, 2011 -- Calgary, Canada -- Hitachi ID Systems, a leading identity and access management software publisher, closed Fiscal 2010 with strong profits and record revenues, generated primarily from growing demand for the Identity Manager and Privileged Access Manager solutions.
Other notable results from the year included:
- Inclusion as an IAM “Vendor to Consider” in OVUM's comprehensive IAM industry report.
- Expansion into EMEA with a local staff based in Amsterdam.
- Release of the innovative “Self-Service, Anywhere™” technology, allowing users to resolve login problems while away from the office, from any endpoint device and over any type of Internet connection.
- Significant growth in the number and size of identity management deployment projects.
“We are fortunate that the recession is now behind us,” says Gideon Shoham, CEO. “We remained profitable through the recent economic hardship and are well positioned to innovate and grow going forward.”
The IAM market continued to go through dramatic changes in FY2010, with the industry beginning to see the impact of the Oracle/Sun acquisition, the more recent acquisition of Novell and a number of smaller acquisitions, especially in Europe. Hitachi ID stands apart from this turmoil, as both a focused IAM-only vendor and a part of a stable, global conglomerate. Hitachi ID continues to offer a competitive upgrade program to organizations impacted by recent acquisitions.
Cloud IAM offerings were also a hot topic in 2010, though most organizations are only starting to deploy cloud-related technology. Hitachi ID has responded by offering connectors to cloud-hosted applications and partnering with managed service providers to offer cloud-hosted IAM solutions.
To learn more about the intersection of cloud computing and IAM, please read the free white paper: intersection-of-identity-management-and-cloud-computing.pdf
About Hitachi ID Systems, Inc.
Hitachi ID Systems, Inc. is a leading provider of identity and access management solutions. Hitachi ID software helps almost 1000 organizations with over 12 million combined users meet security, internal control, regulatory compliance, IT cost reduction and user service objectives.
Hitachi ID Identity and Access Management Suite includes Identity Manager http://Hitachi-ID.com/identity-manager/, Password Manager http://Hitachi-ID.com/password-manager/ and Privileged Access Manager http://Hitachi-ID.com/privileged-access-manager/. These products manage identities, entitlements and authentication factors across both on-premise and SaaS applications in the cloud.
Industry analyst Ovum Consulting recently recognized Hitachi ID Systems as an enterprise identity and access management powerhouse, citing the company's robust technology and exemplary customer support. Ovum “believes that Hitachi ID's focus on reducing the administrative and helpdesk burden and the company's focus on bottom-up IAM reflects the way in which organizations operate.”
For more information about Hitachi ID Systems and its products, please visit http://Hitachi-ID.com/ or call 1.403.233.0740.
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