Press release from Business Wire India
Source: Courion IT Pvt. Ltd.
Monday, April 09, 2012 03:19 PM IST (09:49 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology, Major diversified industrial groups; Technology; Healthcare
Courion Delivers Record Profitability and Sales in 2011
Pune, Maharashtra, India, Monday, April 09, 2012 -- (Business Wire India) -- -- Continued demand for access risk management solutions outpaces industry growth, drives double-digit revenue gains and significant staff growth
-- Courion achieved significant industry recognition when positioned by Gartner, Inc. in the "Leaders" quadrant of two Security Magic Quadrant Reports
-- Courion has also been actively involved in social responsibility initiatives like the 'Joy of Giving' initiative to help the less fortunate.
Courion Corporation, the leader in identity and access management for access risk, closed out 2011 by outpacing the industry in sales growth; exceeding its profitability targets; and expanding its staff worldwide to support increasing demand for its access risk management solutions.
Courion's global sales exceeded the market growth rates predicted by industry analysts IDC, RNCOS and Gartner by more than double thanks to the addition of new customers in healthcare, financial services, retail, government, manufacturing and business services, among other industries. It also grew within its existing customer base as companies sought comprehensive access risk management solutions that expanded the breadth and depth of their Courion deployments. Both new and existing customers selected Courion to address identity and access governance challenges such as policy and regulatory compliance, access certification and access request management.
"Businesses are increasing their focus on access risk management, whether they're managing access risk against external threats, internal breaches, or to demonstrate compliance with policy and regulatory requirements," said Courion CEO Chris Zannetos. "Those needs drove demand for Courion solutions through 2011, and we expect demand to continue in 2012 as companies seek efficiency in identity and access management along with the necessary governance and access intelligence to minimize potential risks to their business."
In order to support industry demand and sales growth, the company increased its staff across all departments by 39 percent, with major expansion of its EMEA and Asia Pacific operations.
Courion made a number of significant announcements on the business and product development fronts in 2011. In September the company announced the Access Risk Management Suite, a comprehensive identity and access management (IAM) solution automated and pre-configured for rapid implementation based on the best practices of more than 500 successful customer deployments. The Access Risk Management Suite is a single platform for managing user access to vital information by automating and integrating key IAM functions such as identity and access governance, user provisioning, and password management. The Access Risk Management Suite is available as an on-premise solution or as a cloud-based solution called CourionLiveT.
CourionLive is designed to address the growing adoption of software-as-a-service (SaaS) solutions in the enterprise. With CourionLive, customers will achieve low start-up, operational and maintenance costs, resulting in faster time to value and lower total cost of ownership than with premise-based IAM solutions. Cintas Corporation, a $3.8 billion international supplier of business services, chose CourionLive as its primary IAM solution because it aligns with the company's IT strategy of outsourcing non-business specific applications so they can focus on implementing competitive advantage solutions for their expanding business lines.
To achieve similar benefits of cloud computing, the American Red Cross purchased the Courion Suite in 2011 to provision cloud-based Microsoft® Office 365 email for full-time employees, contract workers and volunteers. Office 365 is just one of many cloud-applications for which Courion offers out of the box connectors.
Courion's other significant product announcement in 2011 was Access InsightT, the industry's first access intelligence solution which constantly analyzes IAM and other security data from applications and external sources to identify, quantify and manage risks to vital information such as intellectual property, medical records, personally identifiable information and customer data. Unlike traditional reporting solutions, Access Insight allows organizations to identify associations and patterns that might violate compliance guidelines and company policies, or indicate hidden risks, with near-real-time graphical profiles of the most critical business, people, policy and security risks to information, replacing manual data sorting and static risk scoring that lacks context and a connection to business priorities.
In addition to the major product announcements, Courion achieved significant industry recognition when positioned by Gartner, Inc. in the "Leaders" quadrant of two Security Magic Quadrant Reports: the 2011 "Magic Quadrant for User Administration/Provisioning" report (formerly known as Magic Quadrant for User Provisioning) and the inaugural 2011 "Magic Quadrant for Identity and Access Governance" report.
"The accomplishments we made in 2011 give us strong momentum as we move confidently into 2012. As the demand for access risk management solutions increases, we're positioned with the right products and the right team to support them," Zannetos said.
Apart from that, Courion has been actively involved in social responsibility initiatives. While keeping in mind the celebration, Courion thinks of taking a little extra effort and organised Donation camp "Joy of Giving." The Employees pitched in whole heartedly and donated clothes, books and so on. Three carton full of this material and sent it to DeepGriha, an NGO trust which works with the less fortunate.
Courion Corporation delivers software solutions that effectively and securely manage access risk. Fourteen million users across more than 500 organizations rely on Courion's access risk management technology to align user access privileges with corporate and regulatory governance policies. Courion's cloud and on-premise solutions provide a full range of identity and access management functionality while demonstrating compliance and achieving quick time-to-value. For more information about Westborough, Mass.-based Courion, visit www.courion.com or check out our blog at www.courion.com/blog.
Varsha Marathe, Aspire Communications, +91 (20) 64010128/+91 9370220270
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