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Friday, January 14, 2005, 9:00 am Eastern Time
Press Release
Eurekify reports exceptional growth in 2004 as the adoption of Role-Based Identity Management increases
Tel Aviv, Israel - Eurekify, the leading provider of role management solutions, announces extremely successful 2004 results, showing a substantial increase in interest and in customer base due to the growing awareness and demand for Role-Based Identity Management. The growth is also due to the increased use of role-based management for compliance with regulations such as SOX.
With the Identity Management market gaining maturity, more organizations are realizing that such solutions automate the provisioning process but do not provide a cure to the fact that employees have too many unnecessary and otherwise wrong privileges. This awareness has increased the demand for Eurekify's solution for Role-Based management of access rights. Eurekify Sage Discovery & Audit (DNA) software has helped organizations set clear access definitions and justify the implementation of IdM projects.
The company is very pleased with the year's outcome. Sage's privileges mapping abilities present organizations with a better picture of their current privileges. Many large organizations begin their process with a Sage Survey, designed to help gain a better understanding of the organization's systems. The Survey results present organizations with a clear picture of their IdM needs, and the benefits they should expect out of the role management and IdM deployment. With the implementation of Role-Based IdM using Sage, organizations save tremendously on costs and accelerate the deployment of Identity Management. In addition Sage has helped those organizations achieve compliance with regulations such as Sarbanes-Oxley or other internal policies.
Azi Cohen, CEO at Eurekify says "Over the past year many organizations have realized that Identity Management solutions automate the same old provisioning processes that have so many deficiencies. They do not clean systems from wrong and unwanted assignments but rather result in further deterioration in the quality of privileges. We were early in recognizing the need for a better solution that will enable assignment of access rights according to people's business roles, and will aid the identification of wrong and outdated privileges. During 2004, more leading organizations adopted this view. They tested their systems with Eurekify's Sage Survey and demanded vendors and system integrators to provide them with a Role-Based management solution in their provisioning and IdM systems. With more organizations testing their systems with Eurekify's Sage Survey, we believe that Sage will lead as the tools of choice for Role-Based management and therefore driving more business activities. We are exceptionally pleased with our results for 2004 and are very optimistic for 2005."
About Eurekify:
Eurekify provides leading role management solutions that are critical for successful Identity Management implementations. Organizations and specialists worldwide recognize that much of the ROI, security, and manageability of IdM is directly linked to the ability to implement role-based management. Eurekify's Sage software provides large organizations with the ability to implement role-based management in a way that best fits their business processes and their IdM deployment plans. Utilizing advanced pattern-recognition technology, Sage is unique in its capabilities and is regularly recommended by leading IdM implementers worldwide. Sage includes additional tools that enable enforcement of internal policies and documenting compliance with regulations.
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