SecureAuth, a leading provider of identity enforcement technology for the enterprise, closed 2012 with record corporate end-user subscriber and revenue growth. There are more than 10 million subscribers whose organizations benefit from being an Identity Provider to securely authorize employees, partners and customers access to enterprise data from any device anywhere. Additionally, the company experienced two-year revenue growth of 800% by continuing to add large customers such as Siemens, Big Lots, Office Depot, Edward Jones, Sony Pictures, HBO, Electronic Arts, Virgin America, Southwest Airlines and US Navy.
"Identity and access management is the core issue enterprises are dealing with as they embrace the growing use of BYOD, and is the reason for the exponential growth SecureAuth experienced during 2012," commented Craig Lund, chief executive officer and co-founder at SecureAuth. "We expect this growth to continue through 2013 as more organizations realize the simplicity and flexibility SecureAuth IdP offers IT and their corporate users. Furthermore, we are continuing to enhance our products to meet the need for varied end-point securities and compliant access within the enterprise -- from device platforms to specific applications such as Google Apps, SharePoint, Office 365 and native mobile applications."
SecureAuth recently closed $4.5 million in private funding to expand corporate infrastructure to meet the needs of the company's growth. This included investment in additional sales, engineers, product support and development.
"SecureAuth has been able to sustain triple digit CAGR growth for multiple years in a row due to fueling sales for single-sign-on cloud computing and now more than ever, mobile app security. The available market continues to expand and SecureAuth IdP continues to deliver, and in fact, has received many industry accolades," stated Thomas C. Stewart, chief financial officer at SecureAuth.
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