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IDdriven is an enterprise software company that has developed and is now launching the next generation in Identity and Access Management ("IAM") enterprise solutions into a demand driven market.
IAM helps end-users to ensure that access across multiple technological environments is granted only to the right individuals. The Company's flagship product -- IDdriven -- is designed to manage large volumes of users and access rights over various applications in hybrid environments (cloud and on-premise).
The Company's flagship product -- IDdriven -- is a superior, next-gen hybrid cloud-based solution and the new state of the art software delivered as a service (Software as a Service or "SaaS"). It is dynamic, seamless, scalable, and flexible with the widest array of features. Its plug & play functionality enables a new, untapped SME marketplace.
Industry analysts project the highly fragmented, demand-driven IAM market will double from $9.16 billion in 2014 to $18.30 billion in 2019, a 14.85% CAGR. IAM solutions provide secure, identity-based access to various systems, applications, and information from any device or location. IAM solutions are being widely adopted by large and medium-scale enterprises as well as government departments.
The Company is led by a senior management team with extensive experience in the Access governance and Identity Management market. Its successful track record includes having worked together at its prior company, BHOLD, to turn that company around. In 2011, they engineered the sale of it and its flagship IAM software program to Microsoft for a substantial, all-cash sum. MS supports that program still today but has been unable to port it to the cloud. Microsoft is a key -- and enthusiastic -- channel partner for IDdriven.
IDdriven is the prominent yet fragmented SaaS sub-category of Identity Management as a Service (IDaaS). IDdriven is a "software as a service" ("SaaS"). Two years in development, considering sweat equity, cash and cost saving methods, over $3.8 million of time and capital has been expended developing IDdriven to date.
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On September 1, 2017, the company announced that it had filed an increase in authorized shares to be prepared for the future. The corporate move was said to be executed “to be in a position to start looking at scenarios for potential mergers and acquisitions.”
On September 6, the company noted that Rhode Island based health system “Lifespan” had selected the company’s product “IDdriven” for its Identity Management and Access solution. For those who don’t know this new client, Lifespan operates hospitals in Rhode Island. The company has 19,000 employees, and contractors.
Additionally, on September 13, 2017, the company released a press release reacting to the announcement of sensitive data of 143 million people stolen by hackers from a major credit reporting agency, and impacting almost half the US population. The company explained how IDdriven can help prevent this type of attackS...