Avatier Closes Books on Record Year
New Product Roll-Outs and Partnerships Yield Dramatic Revenue Increase
SAN RAMON, CA--(Marketwire -
March 6, 2008) - Avatier
Software (http://www.avatier.com),
a leading provider of identity
and access management products
for midrange and large
enterprises, today announced
significant growth in revenue
and its customer base for 2007.
With increasing adoption of its
new user provisioning solution,
Identity Enforcer, and continued
strong sales of its industry
leading password management
products, Password Station and
Password Bouncer, customers are
increasingly turning to Avatier
to automate all of their
identity management processes.
Avatier's revenue for the
year grew more than 70% over the
prior year. This was driven by
an increase in license sales as
well as significant growth in
average sales price. "Customers
realize even greater value from
Identity Enforcer in terms of
reduced costs, improved
efficiency, tighter security,
and regulatory compliance," said
Nelson Cicchitto, Chairman &
CEO, Avatier. "With the
industry's fastest user
provisioning deployment
methodology and lowest
administration costs, this has
enabled our average deal size to
increase dramatically while
still providing the rapid ROI
that our customers have come to
expect. Customers appreciate
working with a vendor that
delivers what it promises on
time and on budget."
Identity Enforcer, an
integrated component of the
Avatier Identity Management
Suite (AIMS), was launched in
June after extensive testing at
its launch customer, Harris
Corporation, and other beta
sites. Using an advanced web
services-based architecture and
streamlined, programming-free
role management and workflow
processes, it provides
self-service and automated
HR-driven provisioning with
rapid deployment and simplified
maintenance. Initial enterprise
implementations are in such
varied markets as energy,
hospitality, government and
technology.
In 2007, Avatier also
expanded its partner program.
While in-house resources were
used to support the beta test
and validate Identity Enforcer's
deployment methodology, scaling
to handle the volume of new
business required signing and
training third party identity
management services teams. These
activities commenced in Q3 and
several major product
deployments supported by our new
partners are currently underway.
More information will be
available upon their completion.
"We entered 2007 with a focus
on rolling out our next
generation user provisioning
solution, Identity Enforcer, and
enhancing our technical and
services partnerships,"
continued Cicchitto. "Not only
did this result in the best year
in our company's ten year
history, but rapid acceptance of
the new offerings within our
installed base and with new
customers has made Q1 our
busiest ever and created a
pipeline that offers great
promise for the remainder of
2008."
About Avatier Identity
Management (AIMS) Suite
Avatier Identity Management
Suite (AIMS) is designed for
streamlined deployment that
delivers immediate, measurable
business results and provides
midrange and large enterprises a
path to compliance, better
security, and reduced IT strain.
AIMS is built on an
enterprise-strength architecture
that leverages market-proven web
service technology, along with
input of over a million managed
accounts, to automate daily
operational processes such as
user provisioning, account
management, and self service
password reset and password
synchronization. Modules such as
Avatier Password Management
(Password Station and Password
Bouncer) and Avatier User
Provisioning (Account
Terminator, Account Creator, and
Identity Enforcer) can be added
to an enterprise with a phased
approach, ensuring ease of
deployment and immediate ROI.
About Avatier Corporation
Avatier is transforming the
identity management software
market for organizations
worldwide facing security
exposure, compliance mandates
and spiraling IT costs.
Avatier's award-winning products
are deployed worldwide in
hundreds of organizations of all
sizes from 250 to 300,000
employees. The Company
distributes its products
directly and through global
partnerships. Avatier is based
in San Ramon, California, and is
privately-held. For more
information on Avatier
Corporation, go to
http://www.avatier.com or
call 800-609-8610.
Avatier, Avatier Identity
Management Suite, Avatier
Password Station, Avatier
Password Bouncer, Avatier
Account Terminator, Avatier
Account Creator, Avatier
Identity Enforcer, Avatier
Password Management, Avatier
User Provisioning are all
properties of Avatier
Corporation. All other names and
services are properties of their
respective companies.
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