Passlogix Sells 6 Millionth License For v-GO Sign-On Platform; Customer Base Triples in One Year
v-GO Suite Replaces more than 120 Million Enterprise Passwords
February 6, 2007 — New York, NY; Passlogix®, Inc., announced today that license sales for its market-leading v-GO® Sign-On Platform have now exceeded 6 million, more than doubling the company’s customer base since it hit the 2 million mark one year ago. This broad adoption represents the retirement of at least 120 million conventional application passwords —an average of 10 passwords per user that change at least twice a year — in hundreds of companies around the globe.
The surge in license volume reflects the rapid implementation capabilities, scalability, low total cost of ownership and broad functionality of the v-GO suite, including the platform’s ability to integrate enterprise single sign-on (ESSO) technology with all forms of strong authentication and all major identity provisioning systems. The growth in v-GO adoption also demonstrates the platform’s effectiveness in reducing the security gaps, administrative overhead, user frustration and help desk costs associated with the use of multiple application passwords.
Major new v-GO adoptions in 2006 included HSBC, one of the world’s largest banking and financial services organizations, and Kaiser Permanente, America’s leading integrated healthcare organization. These two deployments along with a long-standing v-GO implementation at the U.S. Postal Service represent some of the largest ESSO deployments in the world.
Other contributors to v-GO’s 2006 growth included the ongoing rise in sales of the v-GO powered Tivoli Access Manager for Enterprise Single Sign-on product for mainframe, client/server and Web applications, created through an established OEM relationship with IBM; an agreement with Oracle resulting in the release of Oracle® Enterprise Single Sign-On Suite for mainframe, client/server and Web applications; ongoing expansion of Passlogix’s reseller base around the world; and release of the new v-GO Credential Manager enabling network administrators to control the issuance, management and revocation of strong authentication devices such as smart cards and tokens from multiple vendors.
“The proliferation of applications and Web-based services has triggered a corresponding proliferation in passwords, with a majority of users having six and a third more than 15 of them. Our v-GO suite reduces the administrative burden, the security risks and all the other pain points connected with the password explosion, including the challenge of complying with government regulations on data access and privacy,” said Marc Boroditsky, CEO and president of Passlogix. “These factors will continue to fuel our growth.”
The v-GO platform is built around v-GO SSO (v-GO Single Sign-On®), which automatically and securely signs the user into enterprise applications after a single network logon without requiring additional identification and authentication processes. Five add-on products extend v-GO’s single sign-on capabilities to any form of strong authentication and to kiosk environments; enable all identity provisioning systems to automatically inject user credentials into v-GO SSO; enable self-service reset of forgotten Windows passwords; and simplify deployment of strong authentication devices.
“Enterprise customers continue to struggle with legacy systems as they upgrade identity assurance and impose stricter identity-based access control and audit requirements,” said Phil Schacter, at Burton Group. “Enterprise SSO products are well positioned to provide a new control point for enforcing and auditing application level access policies, while reducing the number of logins and enabling the gradual transition to stronger forms of authentication
About Passlogix
Passlogix® is the developer of the v-GO Sign-On Platform, the market's most robust, scalable and easy-to-deploy enterprise single sign-on platform with successful installations in hundreds of organizations of all sizes and in all industries around the world. The company's patented intelligence-based technology eliminates lengthy and expensive implementation cycles, and provides rapid return on investment, by adapting to any existing infrastructure without the need for custom coding or replacement of legacy hardware or software. Founded in 1996, Passlogix is headquartered in New York City with sales offices throughout the United States, United Kingdom and Hong Kong, and Singapore.
Copyright ©2008 Passlogix. All Rights Reserved. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies. For more information please visit, www.passlogix.com.
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For more information please contact:
Michele Favaro
(212) 901-8398
michelef@passlogix.com
