Security Market Segment LS
Wednesday, 21 May 2014 14:36

Centrify bolstered by $42 million in new capital Featured

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Global unified identity services vendor Centrify has raised US$42 million in a funding round, securing investment from mobile technology and network security vendors Samsung and Fortinet, as well as venture capital firm Docomo Capital.

The funding announcement follows what Centrify describes as a ’stellar year’ in 2013, with the company posting record total sales that grew more than 40% over the prior year and continued growth of its customer installed base while maintaining a 97% customer retention rate.

To foster further growth, global expansion and brand awareness, Centrify has also added two executives — Mark Weiner and Ally Zwahlen — to its leadership team, with extensive experience in cloud, data centre and networking sectors, and a proven track record with the IPOs and advising public companies.

“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 centre,” 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.”

Commenting on Samsung’s decision to invest in Centrify, the company’s senior vice president of KNOX Business Group, IT & Mobile Communications Division, Dr Injong Rhee, said “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.”

“Samsung is investing in the enterprise and delivering to customers the best mobile solutions and Centrify is an integral partner for that offering.”

And, Fortinet vice president, wireless solutions Neil Sundstrom, said: “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.

“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.”

Docomo Capital — the corporate venture capital arm of NTT Group, Japan’s leading ICT service provider, was similarly enthusiastic about its investment in Centrify.

“Centrify’s innovative approach to mobile security and identity management will be an added benefit to Docomo’s millions of customers,” said Neil Sadaranganey, Docomo Capital Managing Director.

“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.”


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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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