High Revenue Growth, Rapid Customer and Partner Acquisition and Geographic Expansion Drive Company’s Success
LOS ANGELES, CA–(January 31, 2019) – Saviynt, the trust award-winning provider of intelligent, identity governance and cloud security solutions, today announced tremendous company growth led by doubling its year-over-year top-line performance, released new groundbreaking technology and expanded staff globally.
“Our rapidly growing customer base and partner ecosystem demonstrates the value of and demand for a comprehensive, flexible cloud-based identity platform that addresses current and future security needs. This past year was tremendous for Saviynt, marked by several key milestones and we are excited about the innovation that we will be introducing in 2019,” said Amit Saha, CEO, Saviynt.
Saviynt has been focused on reducing the entry barrier for adopting identity governance and cloud security solutions and improving time-to-value for customers from a wide set of well-planned strategic initiatives that include:
In 2018, Saviynt introduced several new solutions and features that highlight commitment to continued innovation that include:
- Cloud Privileged Access Management
With hybrid IT is becoming the norm and more critical assets and workloads moving to cloud, privileged access compromise in cloud applications is emerging as one of the biggest threats. Saviynt announced the release of its Cloud PAM solution that is born in the cloud to tackle the challenges of traditional on-premise solutions
- Internet of Things (IoT) and Robotic Process Automation (RPA)
With increased proliferation of IoT devices and bots that simulate activities carried out by a real person, it is imperative to have Identity Governance processes defined for bots as well. Saviynt’s fine-grained IoT and RPA controls help organizations manage access governance unlike any other solution in the market
- Deeper Enterprise Application Integrations
Saviynt continues to progress forward at a rapid pace to expand the number of critical applications we secure to provide deeper value to our enterprise customers. As large-scale ERPs like SAP, Oracle and Infor progressively move to the cloud, Saviynt is ahead of the curve in bringing solutions to market that smooth the transition from on-premise to cloud applications without having to juggle multiple vendor solutions
- Expanded Technology Integrations
Saviynt is expanding the IAM and security partners by accelerating integrations and bringing out-of-the-box value for our customers. Saviynt deepened its technology integration with Microsoft, AWS, Axiomatics, Securonix and several other key enterprise technologies
In addition, Saviynt was recognized by Gartner Inc. as a Leader in the “Magic Quadrant for Identity Governance and Administration 2018.” Saviynt was recently named a Leader in The Forrester Wave™: Identity Management and Governance, Q3 2018.
Strategic Partner Expansion
In 2018, Saviynt continued aggressive investment in and growth of strategic service and technology partnerships. Large scale and boutique partner companies are expanding their investments in building partnerships and practices around Saviynt.
- Service and System Integration Partnerships – consulting and audit firms have significantly expanded their investment in Saviynt. Partner expansion ranges from the Big 4 to boutique firms servicing niche markets. Many of those partners were recognized for their 2018 efforts.
- Technology Partnerships – Saviynt is more tightly teaming up with key industry players like AWS and Microsoft to ensure their clients have the best in business controls to meet the expanding needs of their business and to drive innovation for their customers.
Saviynt doubled its employee count and is actively hiring engineering, sales and marketing roles globally. The LA-based company established new offices in Germany and Australia and is now operating from Atlanta, GA, Reading, United Kingdom, Adelaide, Australia, and Bengaluru, and Noida, India; several existing locations completed capacity expansions in 2018.
Saviynt has tuned its deployment and operational model to the point where enterprises are standing up the industry’s best identity solution, integrating it with a wide-range of critical applications for thousands of users, in just weeks. Successfully removing what has typically been slow and painful identity implementations, Saviynt is helping customers rapidly achieve business controls they need to deliver new engagement models through digital transformation.
“Our unique, cloud-based approach for delivering identity governance and security capabilities ensures our customers receive the right kind of visibility and automated risk management capabilities to meet today’s ever-increasing regulatory and security requirements. Our global investment is to help customers accomplish digital transformation initiatives faster and empower
organizations to increase solution adoption, while keeping the TCO to a minimum,” said Yash Prakash, COO, Saviynt.
Funding – Series A
Since receiving $40 million in series A funding from Carrick Capital Partners, LLC, an investment firm focused on technology-enabled businesses, Saviynt has appointed new leadership positions and is rapidly executing on the company’s go-to-market strategy including expanding into new geographies and growing its ecosystem of deep-integration partnerships.
Saviynt helps large organizations secure applications, data and infrastructure in a single platform for Cloud (Office 365, AWS, Salesforce, Workday) and Enterprise (SAP, Oracle EBS). Saviynt is pioneering IGA 2.0 by integrating advanced risk analytics and intelligence with fine-grained privilege management. Top global brands leverage Saviynt technology.
Visit our website: www.saviynt.com
Read our blog: https://saviynt.com/blog/
Follow Saviynt on LinkedIn: https://www.linkedin.com/company/saviynt/
Follow @Saviynt on Twitter: https://twitter.com/saviynt
Ben Lazar, SVP Marketing, Saviynt