Insufficient internal controls, poor monitoring and inadequate policy enforcement are multi-million dollar liabilities for global companies
Austin, TX (PRWEB) June 23, 2008
Since releasing Compliance IQ 2.0 in December, SailPoint Technologies, Inc. has added six Fortune Global 100 companies to its growing list of customers, including four of the world's top 12 banks, one of the world's top three insurance companies, and one of the world's top three healthcare providers. The company expects to double its customer base in the second half of 2008.
Based on the company's innovative, risk-based approach to identity governance and compliance, SailPoint was named a "Cool Vendor" in identity and access management by Gartner, Inc., was featured on the Austin Emerging 100 list, and was named a finalist for "Best Innovation in Identity Management" by Europe's Kuppinger Cole. Compliance IQ, SailPoint's flagship identity risk management software, reduces the complexity, costs and risks associated with controlling and managing user access to sensitive applications and data.
In the first half of 2008, SailPoint nearly doubled its size and is rapidly expanding into international markets through its global distributor network, which now includes five partners: First Point Global in Australia and New Zealand; KOGIT in Germany; and Enline, IM Global, and Pirean in the UK. These companies join a growing list of strategic SailPoint implementation partners, including PricewaterhouseCoopers, Mycroft Inc., CPSG, Simeio, and Beacon.
"Insufficient internal controls, poor monitoring and inadequate policy enforcement are multi-million dollar liabilities for global companies," said Kevin Cunningham, founder and president of SailPoint. "Particularly in heavily regulated industries, where companies must meet regulatory requirements as well as mitigate business risk and improve overall corporate governance, there is an immediate need to automate enterprise compliance and governance processes. This creates an incredible market opportunity globally for products, like ours, that deliver tangible results within weeks."
SailPoint Technologies, Inc. develops identity risk management software that helps organizations gain control over user access to critical systems and data, streamline costly IT compliance processes and reduce the risks of fraud, corporate data loss or theft and failed audits. Founded in December 2005, SailPoint is based in Austin, Texas.