Centrify, a leading provider of Identity-Centric Privileged Access Management (PAM) solutions, today announced significant sales momentum across all regions and industries as organizations seek to secure privileged access to an increasingly decentralized modern attack surface driven by digital transformation.
Centrify saw double-digit year-on-year growth in Q3 2020 compared to the same period in 2019, led by strong new business bookings and competitive replacements. The company has seen significantly increased bookings in international markets and the U.S. public sector throughout the past 12 months.
In addition, Centrify unveiled a consistent stream of product innovations, solidified new relationships with a number of key distribution and channel partners, experienced an upward trend in customer deals and new logo additions, and was recognized for its market leadership by notable industry analyst groups.
Centrify Summer Product Release Innovations for Hyper-scale, DevOps
Over the past six months, Centrify unveiled a consistent stream of product innovations to address customer needs. In Q2 2020, the company released version 20.3 of Centrify Privileged Access Service (PAS), which included:
- Client-Based Password Reconciliation ensures that passwords in the vault always match those on the target resource without interruption, once the Achilles heels of traditional password vaults
- Delegated Machine Credentials support “infrastructure as code” to seamlessly incorporate PAM into the DevOps pipeline, significantly reducing the attack surface
- Hyper-Scalable PAS revolutionizes the traditional approach to customer-managed environments by offering a “shared-nothing” architecture with all the benefits of Software-as-a-Service (SaaS)
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Partner Ecosystem Cohesion Drives New Customer Growth
Centrify announced its Reliance Partner Program earlier this year, and has signed on new distribution and channel partners around the world, including Arrow ECS in EMEA and Australia/New Zealand and Carahsoft Technology Corp. for U.S. public sector. The company also strengthened and expanded relationships with global system integrators (GSIs) PwC and Deloitte.
“The public sector is one of many industries that took major staffing hits in 2020. With cybercrime quadrupling during the pandemic and trimmed down IT teams scattered between home and offices, these organizations are more prone than ever to internal and external privileged access risks,“ said Michael Shrader, Vice President of Intelligence and Innovative Solutions at Carahsoft.“
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