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Passlogix License Sales for v-GO Suite Exceed 15 Million, Surging 50% in 12 Months for ESSO & Access Solutions

2009-04-22 17:03
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Reflects Ongoing Global Expansion, Industry-First Password Management Capabilities

SAN FRANCISCO--(BUSINESS WIRE)--RSA Conference-Passlogix®, Inc., announced today that license sales for its market-leading v-GO® Access Accelerator Suite have now exceeded 15 million, a gain of more than five million between January 2008 and January 2009. The v-GO suite is an integrated set of single sign-on, authentication and provisioning enablement solutions anchored by the industry’s #1 enterprise single sign-on (ESSO) product .

The new 15 million milestone widens v-GO’s lead in the ESSO market while also indicating broad adoption of other suite components. This includes v-GO solutions that automate user sign-on and sign-off of kiosk sessions; extend strong authentication to applications, desktops and networks without expensive custom integration; securely manage shared passwords; pre-load user IDs and passwords to the v-GO repository for easy provisioning; and automate resets of Windows logon passwords.

Factors driving the 50% surge in v-GO usage included Passlogix’s ongoing expansion into new global markets, rapidly growing network of channel partners, significant penetration of new market categories such as retail and consumer packaged goods, and release of two industry-first offerings. Those new suite components are v-GO Shared Accounts Manager (the first ESSO-based solution for controlling access to privileged accounts) and v-GO On Demand Edition (the first solution that extends single sign-on to remote, mobile and temporary users such as home computers, physicians’ offices that require access to hospital networks, and third-party partners or contractors).

Also contributing to v-GO’s growth is rising market recognition of the suite’s value in improving business productivity, strengthening enterprise security and regulatory compliance readiness, and streamlining identity management deployments.

“Over the past five years, total v-GO license sales have grown at a compounded annual growth rate of 97%, exploding from 500,000 in 2003 to more than 15 million in 2008. Despite the economy, we are seeing mounting market demand for solutions that expedite secure access to enterprise resources while also meeting privacy controls mandated by regulations such as HIPAA, Sarbanes-Oxley, Gramm-Leach Bliley and PCI,” said Marc Boroditsky, CEO and president of Passlogix. “By removing common barriers to application logon and establishing comprehensive user audit trails, v-GO is becoming a cornerstone of the IT infrastructure as well as a market standard.”

About Passlogix

Passlogix, Inc., is the developer of the v-GO Access Accelerator Suite, the leading solution set for speeding user access to applications throughout the extended enterprise by eliminating critical pain points in sign-on, provisioning and authentication processes. With more than 15 million licenses sold, the v-GO suite improves business efficiency, strengthens security and compliance, and dramatically reduces IDM system deployment times. The company's patented technology - launched in 1996 with the market's first usable enterprise single sign-on solution - shortens implementation and payback cycles by adapting to any existing infrastructure without the need for custom coding or replacing legacy hardware or software. Passlogix is headquartered in New York City with offices throughout the United States, United Kingdom and Asia. For more information, visit www.passlogix.com

 

Contacts

Passlogix, Inc.
Michele Favaro, 212-901-8398
michelef@passlogix.com