Courion outpaces market with 30 percent growth and launch of industry leading products for identity and access management
Demand for identity and access risk management solutions drives successful quarter; Q3 customers represent more than 20 different industries
WESTBOROUGH, Mass. — On the heels of a re-defining product launch designed to disrupt the traditional identity and access management (IAM) product market, Courion Corporation, the leader in identity and access management for access risk, today announced results for Q3 2011. The quarter was highlighted by a 30 percent increase in overall bookings over the same quarter last year; a 30 percent increase in license bookings year-to-date; a milestone for Identity and Access Governance (IAG) and compliance customers, with more than 100 specifically using Courion for certification; and Q3 customer deals representing 20 different vertical industries.
Q3 highlights also included the announcement of the company’s most comprehensive product offering to date, the Access Risk Management Suite, which provides a simple and fast time-to-value alternative to the complexity and high cost of typical IAM solutions. Automated and configurable for rapid implementation based on the best practices of more than 500 customers, the Access Risk Management Suite delivers results within 30 days at a price anywhere from one-third to-one-quarter of traditional solutions.
The Access Risk Management Suite integrates key IAM functions such as identity and access governance, user provisioning, and password management. It is available as on-premise software or as a pay-as-you-go SaaS (software as a service) cloud offering called CourionLive.
Additionally in Q3, Courion announced Access Insight™, the industry’s first Access Intelligence solution designed to change operational security tools into real business tools by constantly analyzing IAM and other security data from access governance, user provisioning, and password management systems, as well as external sources, to identify and quantify access risks to vital information such as intellectual property, medical records, personally identifiable information and customer data. This critical information can also be integrated into enterprise governance, risk and compliance (eGRC) applications as part of an overall enterprise view of access risk.
"In a corporate environment that is becoming more and more open, we are in the business of helping companies keep their proprietary information and assets safe," said Christopher Zannetos, president and CEO of Courion. "Our products, including the new Access Risk Management Suite, are specifically designed to get our customers up and running quickly, at a reasonable cost, with a comprehensive range of functionality based on years of best practices. Our success this past quarter signifies that companies, in a variety of vertical industries, are serious about putting in place an easy-to-use solution for understanding and addressing the potential risks to their business from inappropriate access."
In addition to sales and product innovation, Courion marked other accomplishments in Q3 2011 including:
- A partnership with Sysec, a solution partner in the UK, to offer comprehensive IAM solutions to UK organizations looking to ensure a strong return on investment in their compliance and risk management programs.
- Key data from the Courion quarterly survey that assessed the confidence level of enterprises in controlling user access to their corporate data via mobile devices and cloud services. Important findings were:
- On a scale of 0-5, with 5 being very confident, 57 percent of respondents marked either a 4 or a 5 to indicate their level of confidence that they could control access to resources on their corporate network. That number dropped to 34 percent when asked about cloud access, and 40 percent when handling employee access via mobile devices and laptops.
- One in ten respondents admitted to having experienced a data breach as a result of a lost mobile device.
- Sixty-nine percent of enterprises say their employees are using personally-owned mobile devices (not company-issued) to connect to the corporate network.
- Nearly one quarter of enterprises (21 percent) either do not have a policy in place to govern the use of personal mobile devices on their network, or don't know if one exists.
Courion Corporation delivers software solutions that effectively and securely manage access risk. Fourteen million users across more than 500 organizations rely on Courion’s access risk management technology to align user access privileges with corporate and regulatory governance policies. Courion’s cloud and on-premise solutions provide a full range of identity and access management functionality while demonstrating compliance and achieving quick time-to-value. For more information about Westborough, Mass.-based Courion, visit www.courion.com or check out our blog at blog.courion.com.« Back to Press Room