Click here to close now.

Welcome!

Containers Expo Blog Authors: Pat Romanski, Carmen Gonzalez, Liz McMillan, Elizabeth White, Lori MacVittie

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.

@ThingsExpo Stories
SYS-CON Events announced today that SoftLayer, an IBM company, has been named “Gold Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place November 3–5, 2015 at the Santa Clara Convention Center in Santa Clara, CA. SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer’s modular architecture, full-featured API, and sophisticated automation pro...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Among the proven benefits, DevOps is corr...
SYS-CON Events announced today that Intelligent Systems Services will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Established in 1994, Intelligent Systems Services Inc. is located near Washington, DC, with representatives and partners nationwide. ISS’s well-established track record is based on the continuous pursuit of excellence in designing, implementing and supporting nationwide clients’ mission-critical systems. ISS has completed many successful projects in Healthcare, Commercial, Manu...
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at the same time reduce Time to Market (TTM) by using plug and play capabilities offered by a robust IoT ...
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and high availability solutions, leveraging the cloud and the benefits of Infrastructure-as-a-Service (IaaS...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context wi...
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are rapidly redefining traditional integration approaches and their reliance on proprietary connectors. ...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare to be blown away with a glimpse of the future.
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the cloud and the best price/performance value available. ProfitBricks was named one of the coolest Clo...
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fillin...