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Monday, Jan 9, 2005 , 9:00 am Eastern Time

Press Release

Eurekify Reports Record Growth for the Second Year in a Row

Tel Aviv, Israel – January 9, 2006 – Eurekify, the pioneer and leading provider of role management solutions, is pleased to announce exceptional growth and record results for 2005.  Eurekify’s year-to-year revenue has increased by 130%, supported by the increasing demand for Role-based Identity Management and Compliance solutions, as well as by quicker deployment practices and the maturing of Eurekify’s unique technology.
In 2005, Eurekify has more than doubled its diverse customer base that includes international banks, insurance and financial companies and health care providers as well as retail chains and government institutes. Eurekify's customers are being driven by the need for mitigating security risks and dramatically reduced administrative costs as well as compliance and audit verification.  

Well recognized for its unique underlying technology, Eurekify’s Sage Discovery & Audit v2.8 helps customers plan and implement true Role-Based Identity Management solutions, as well as   automate verification of compliance with policies and regulations. Eurekify’s customers greatly benefit from Eurekify's Survey, Plan, Deploy, and Manage methodology, which allows them to quickly assess their Identity Management (IdM) needs, select the most suitable provisioning solution, prepare and plan the IdM project, as well as reduce the cost and risk of implementation and of ongoing management.  

During 2005, Eurekify has also substantially expanded its partner network to include KPMG, PwC, IBM and HP as well as a range of strategic regional partners across Europe, the US and Middle East. Leading Identity Management consultants and solution integrators regularly choose Eurekify for new IdM and pre-IdM projects. Auditing and consulting firms are also using Eurekify to audit IT systems for regulatory requirements and to implement internal IT and security controls.

Responding to the growing demand in the US, Eurekify started a New York office that will continue to provide the best-in-class support as well as better accommodate the needs of the company’s wide base of US customers and partners.

“2005 has been a great year for Eurekify in all aspects”, says Azi Cohen, Eurekify CEO, “revenue and customer base growth, backed by partner network expansion, are validating our belief that role-based solutions are what customers really need in Identity Management. We are confident that this momentum will only increase in 2006 and 2007, and we continue to expand and improve our product and service offerings to provide our customers with the most comprehensive Role Management and Compliance solutions”.

“We are pleased with the results” says Roni Einav, Eurekify Chairman of the Board, “based on my past experience and the deals we foresee coming, I can see how Eurekify's Role Management solution becomes a strategic part in the infrastructure of any large organization".

About Eurekify:

Eurekify is the pioneer and leading provider of Role Management, Auditing and Compliance solutions. Eurekify’s Sage Discovery and Audit (DNA) helps large organizations assess their Identity Management (IdM) needs, and deploy a business oriented role-based system that maximizes security and manageability. Recognized by IdM specialists, role-based management is critical for successful IdM implementations. Sage DNA also allows enforcement and verification of IT controls and compliance with internal policies as well as regulations such as SOX, HIPAA, FERC, Basel II, etc. Leveraging on advanced pattern-recognition technology, Sage DNA is unique in its capabilities and is regularly recommended by leading IdM implementers worldwide.

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