PlainID, a Leading Authorization Company, Receives Investment from SAP
PlainID, a leading provider of authorization solutions, announced that SAP has invested in PlainID for an undisclosed amount.
PlainID is taking a lead in the industry by providing efficient and dynamic authorization solutions using its Policy Based Access Control platform. Enabling companies to make smarter decisions around their access management, including traditional roles and entitlements, and to provide a runtime ability for access control is helping to give PlainID’s customers an edge in streamlining business processes, governance and data access management.
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“Today is a milestone for PlainID,” said Oren Ohayon Harel, CEO and Co-Founder of PlainID. “SAP’s investment is a sign of confidence and trust from one of the leading companies in the world and gives a sense of momentum and success. Over a dozen businesses that use SAP solutions also use PlainID technology in the SAP Customer Data Cloud platform. This covers access control for over one million users. These include Fortune 2000 companies from industries such as pharma, oil and gas, and retail.”
PlainID plans to use the SAP investment to bring its solution to an even wider audience, helping companies upgrade their identity and access management and giving them a whole new platform from which to grow.
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“Together with our best-in-class identity and enterprise preference management platform, this new offering delivers a market leading solution,” said Ben Jackson, General Manager of SAP Customer Data Cloud at SAP. “We embedded PlainID’s Authorization as a Service platform within the SAP Customer Data Cloud to help businesses fill gaps around access management. We’re pleased to be extending our relationship through this investment in PlainID.”
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