Welcome!

@BigDataExpo Authors: Dana Gardner, Elizabeth White, Liz McMillan, Leon Adato, Pat Romanski

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.

@BigDataExpo Stories
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
SYS-CON Events announced today TMCnet has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business-to-business and integrated marketing media company, servicing niche markets within the com...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
Based on the open source Cloud Foundry technology, IBM Bluemix is an open-standard, cloud-based platform for building, managing, and running applications of all types such as web, mobile, Big Data, and new smart devices. Bluemix abstracts and hides most of the complexities that are associated with hosting and managing cloud-based applications. As an application developer, you can focus on developing your application without having to manage the infrastructure that is required to host it. For mob...
As you respond to increasing requests for new analytics, you need fast and flexible technology in your arsenal so that you can deploy the right workload to the right platform for the need at hand. Do you need self-service and fast time to value? Do you have data and application control and privacy needs, along with strict SLAs to meet? IBM dashDB™ is data warehouse technology powered by in-memory computing and in-database analytics that are designed for fast results, scalability and more.
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
The paradigm has shifted. A Gartner survey shows that 43% of organizations are using or plan to implement the Internet of Things in 2016. However, not just a handful of companies are still using the old-style ad-hoc trial-and-error ways, unaware of the critical barriers, paint points, traps, and hidden roadblocks. How can you become a winner? In his session at @ThingsExpo, Tony Shan will present a methodical approach to guide the holistic adoption and enablement of IoT implementations. This ov...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...