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.