Security Market Segment LS
Wednesday, 16 July 2014 18:03

Centrify on a high in IDaaS cloud market Featured


Unified identity services provider Centrify is claiming global leadership in the Identity as a Service (IDaaS) market with a milestone of more than 2,000 customers in the cloud on the back of what it says is record sales.

According to Centrify CEO Tom Kemp, Centrify’s strong performance can be attributed to its ability to address identity needs for all environments, including cloud, mobile and on-premise.

“We’re 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.”

Kemp cites Gartner’s October 2013 “Market Trends: Cloud-Based Security Services Market, Worldwide” report that the rapid growth of mobile and cloud-based security is propelling the cloud-based identity market to more than $1 billion by 2017. He also cites IDC’s worldwide IAM forecast in June last year predicting that the overall market will reach $6 billion annually by 2017.

Announcing Centrify’s results for the 2014 fiscal year ending 30 June, Kemp said strong customer acquisition rates during the past year underscores the value of the company’s “comprehensive approach to identity management across cloud, on-premises and mobile environments.”

“Centrify is uniquely positioned to capitalise 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.”

Kemp says Centrify is continuing to grow its customer installed base while maintaining a 97% customer retention rate and, in addition to posting strong sales for the fiscal year, he highlighted other key achievements by the company during the year, including:

•    Raised $42 million in funding with participation by strategic investors Samsung Ventures, Fortinet Inc. and Docomo Capital

•    Nearly doubled channel revenue with contributions from new partners including SoftwareONE, Corus360, FishNet Security and Mainline Information Systems, while also rolling out an enhanced Centrify Channel Partner Network in January

•    Secured a number of awards, including the Gold Winner in Network Product Guide’s 9th Annual 2014 Hot Companies and Best Products Awards Program; the 2014 Mobility Tech Zone Product of the Year Award;  Best Security Company of the Year at SC Awards Europe;  Software Vendor of the Year at the European IT & Software Excellence Awards;  five category nods from the Windows IT Pro 2013 Community Choice Awards; Silicon Valley Business Journal’s Fastest Growing Private Companies for 2013; and the 2013 Cloud Computing Excellence Award for effectively using the cloud to secure mobile devices and access to SaaS applications

•    Gartner recently positioned Centrify as a Visionary in the “Magic Quadrant for Identity and Access Management as a Service,” validating Centrify’s position as a top vendor in the IDaaS market

•    Enhanced the executive team with the addition of Bill Mann as SVP of Products.

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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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