Imprivata closes $15 Mn series C financing round

Lexington: Imprivata, the converged identity and access management appliance company, has announced that it has closed a Series C financing round of $15 million. SAP Ventures, the venture capital arm of SAP AG (NYSE: SAP), a provider of business software solutions, joined existing investors Polaris Venture Partners, General Catalyst Partners and Highland Capital Partners in the latest investment round. This investment will help Imprivata expand its reach into new markets and extend its industry leadership position in the authentication management and enterprise single sign-on sector.

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"Imprivata's approach to enterprise single sign-on and authentication management coupled with its unique integration to physical access control systems is helping companies worldwide address compliance and insider security threats," said Jennifer Scholze, partner, SAP Ventures.

"In a few short years, Imprivata's award-winning products and commitment to customer success have driven triple-digit revenue growth and a leadership position in enterprise single sign-on and authentication management," said Omar Hussain, president and CEO of Imprivata. "This investment from SAP Ventures validates both Imprivata's strategy and the global opportunity for our innovative OneSign platform."

The OneSign platform is an authentication and access management solution conveniently packaged in an affordable and secure purpose-built appliance. It offers an effective means to achieve compliance while solving password management problems, reducing IT help desk costs and improving user productivity and security. The solution's access management capabilities enable organizations to control and record who accesses what, when and from where, helping to comply with industry and/or government regulations. The OneSign platform includes OneSign Authentication Management (AM), which increases network security by replacing network access passwords with strong authentication options; OneSign Single Sign-On (SSO), which quickly and effectively solves password management, security and user access issues; and OneSign Physical/Logical, which integrates building and network access systems to enable location based authentication.
Source: IANS