Welcome!

Containers Expo Blog Authors: Liz McMillan, Pat Romanski, Yeshim Deniz, Elizabeth White, Zakia Bouachraoui

News Feed Item

Aveksa Continues Explosive Growth in 2012

Aveksa, Inc., the provider of the industry’s most comprehensive Business-Driven Identity and Access Management platform, today announced results for 2012, a year in which the company continued to experience rapid growth in all operational areas. Highlights for the year include record revenue bookings, a rapid increase in headcount and significant expansion of the Aveksa IAM product line. Additionally, for the second year in a row, Aveksa was named a leader in the Identity and Access Governance market by leading technology research and advisory firm Gartner.

Aveksa had an outstanding 2012 exceeding all company goals set at the beginning of the year. In fiscal 2012 Aveksa bookings increased substantially over fiscal 2011 with the number of deals closed more than doubling over the previous year. 45% of this business came from new customers and 55% from existing customers. License and maintenance revenue represented over 78% of the total revenue in fiscal 2012 with services accounting for 22% of total revenue. Maintenance renewals for the year were 100% illustrating strong adoption and continued use of Aveksa’s solutions by the company’s global customers. Aveksa continued to demonstrate its ability to provide enterprises with fast time to value with over 90% of customers reporting live implementations of Aveksa’s IAM solutions and over 70% of new customers being able to go live within 4 months of purchase.

During 2012, Aveksa aggressively hired personnel in all departments and geographies, increasing headcount by over 70%, as the demand for Aveksa’s products and services continued to be very strong. To support this growth, Aveksa relocated to a new larger corporate headquarters in Waltham, Massachusetts and a new European headquarters in London.

In the fourth quarter of 2012, Aveksa experienced its highest booking total in the history of the company, with total revenue and license revenue increasing 102% and 100%, respectively, over the prior quarter. During the quarter, existing customers purchased both additional user licenses and newly-released modules as they continued to realize significant value from the Aveksa platform. Aveksa also added new customers in all of its global sales regions, including North America, Europe, Asia and Africa.

Throughout 2012, Aveksa continued its trend of expanding its IAM product line and introducing innovative new solutions to the market. In June, Aveksa announced proof points validating its innovative approach to Identity and Access Management which enables enterprises to optimize their IAM initiatives through business-driven automation and processes. In August, Aveksa launched new product capabilities designed to enable enterprises to take a business-driven approach to Identity and Access Management for data and applications both inside the firewall as well as in cloud environments. In September, Aveksa announced new capabilities that enable enterprises to utilize Identity and Access business context across a wider range of IT security areas, such as Security Information and Event Management (SIEM).

In December, Aveksa launched version 6.0 of its Identity and Access Management platform, designed specifically to help enterprises fully scale their IAM initiatives and manage the Big Data that is now typically associated with IAM deployments. Shortly thereafter, Aveksa introduced MyAccessLive, a new Software-as-a-Service (SaaS) Identity and Access Management solution. MyAccessLive provides integrated visibility and control of both cloud and on-premise applications in a single cloud-based solution.

Due to strong customer demand, in 2012 Aveksa held user conferences in the United States and Europe. The Aveksa Insights conferences took place in Boston and Amsterdam over 2 days at each location and consisted of keynote presentations from leading IT research analysts firms such as Forrester and Kuppinger Cole, customer case studies from multiple Aveksa customers and interactive technical workshops led by Aveksa. During the conferences, attendees were also given detailed insight into Aveksa’s product roadmap with the opportunity to provide direct feedback to the Aveksa team.

Finally, for the second year in a row, Aveksa was positioned by Gartner, Inc. in the “Leaders” quadrant of the analyst firm’s annual “Magic Quadrant for Identity and Access Governance” report, which was published on December 17. The Magic Quadrant report from Gartner identifies the leading providers of Identity and Access Governance (IAG) solutions after a thorough examination of the offerings, differentiators and strategies of vendors in the IAG market.

“It has been remarkable to be part of Aveksa’s growth over the past year," said Vick Viren Vaishnavi, President and CEO of Aveksa. “2012 saw Aveksa expand its leadership position in the IAM market with many new product innovations and further validation from industry thought leaders, such as Gartner. We also had record sales performance and a tremendous increase in the number of Aveksa personnel around the world. However, the real measure of Aveksa’s success is continued customer adoption of our business-driven IAM solutions.”

About Aveksa

Aveksa provides the industry’s most comprehensive Business-Driven Identity and Access Management platform. By uniquely integrating Identity and Access Governance, Provisioning and Authentication, Aveksa enables enterprises to manage the complete lifecycle of user access for SaaS and On-premise applications and data. With Aveksa, IT organizations can reduce Access Management complexity and increase operational efficiency while minimizing risk and ensuring sustainable compliance. Aveksa provides enterprises with the industry’s fastest time to value with over 90% of customers reporting live implementations of the company’s business-driven Identity & Access Management solutions and over 80% of these customers live with the latest version of the Aveksa platform. For more information, visit www.aveksa.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...