Hitachi ID ends fiscal year with record revenue

Identity Manager (IAM) and Privileged Access Manager (PAM) solutions drive growth

CALGARY, April 14 /CNW/ - Hitachi ID Systems, a leading identity and access management software publisher, closed Fiscal 2010 with strong profits and record revenues, generated primarily from growing demand for the Identity Manager and Privileged Access Manager solutions.

Other notable results from the year included:

  • Inclusion as an IAM "Vendor to Consider" in OVUM's comprehensive IAM industry report.

  • Expansion into EMEA with a local staff based in Amsterdam.

  • Release of the innovative "Self-Service, Anywhere" technology, allowing users to resolve login problems while away from the office, from any endpoint device and over any type of Internet connection.

  • Significant growth in the number and size of identity management deployment projects.

"We are fortunate that the recession is now behind us," says Gideon Shoham, CEO. "We remained profitable through the recent economic hardship and are well positioned to innovate and grow going forward."

The IAM market continued to go through dramatic changes in FY2010, with the industry beginning to see the impact of the Oracle/Sun acquisition, the more recent acquisition of Novell and a number of smaller acquisitions, especially in Europe. Hitachi ID stands apart from this turmoil, as both a focused IAM-only vendor and a part of a stable, global conglomerate. Hitachi ID continues to offer a competitive upgrade program to organizations impacted by recent acquisitions.

Cloud IAM offerings were also a hot topic in 2010, though most organizations are only starting to deploy cloud-related technology. Hitachi ID has responded by offering connectors to cloud-hosted applications and partnering with managed service providers to offer cloud-hosted IAM solutions.

To learn more about the intersection of cloud computing and IAM, please read the free white paper: http://hitachi-id.com/cgi-bin/emaildoc?document=intersection-of-identity-management-and-cloud-computing.pdf

About Hitachi ID Systems, Inc.

Hitachi ID Systems, Inc. is a leading provider of identity management solutions. Hitachi ID Management Suite has been licensed by hundreds of mid- to large-sized organizations worldwide. Hitachi ID Systems' solutions enable organizations to effectively manage every aspect of the user lifecycle. Hitachi ID Management Suite includes Identity ManagerPassword Manager and Privileged Access Manager. Industry analyst firm, Ovum Consulting recently ranked Hitachi ID among enterprise software powerhouses as an identity and access management suite provider to consider, citing the company's robust technology and exemplary customer support.

For more information about Hitachi ID Systems, Inc. and its products, please visit the corporate web site at http://Hitachi-ID.com or call 1-403-233-0740.

Trade names of other companies used in this announcement are registered trademarks and/or trademarks of appropriate companies.

SOURCE Hitachi ID Systems, Inc.

For further information:

Media and analysts contact:

Linda Forrest
inmedia Public Relations
Phone: +1 613 983 3300
lforrest@inmedia.com
Twitter: @lindaforrest

Alayne Martell
inmedia Public Relations
Mobile: +1 902 308 1067
amartell@inmedia.com
Twitter: @alaynemartell

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Hitachi ID Systems, Inc.

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