ManageEngine sees surge in identity solution sales
Company announces 45% growth in Password Manager Pro customer base
Real-time IT management company ManageEngine today announced its enterprise privileged password management solution Password Manager Pro added 45% more customers to its global customer base in 2012 while, it claimed, the customer base in the Middle East grew by 36%.
ManageEngine attributed the boost to "robust growth in multiple countries across the globe, confirming Password Manager Pro's leadership position in privileged identity management".
The apparent demand for Password Manager Pro can be attributed to several industry trends and recent events, the company argued. The 2012 "Summer of Hackers" raised awareness about the risks of weak passwords in a series of criminal hacks against Yahoo!, LinkedIn, eHarmony and other high-profile companies.
Similarly, said ManageEngine, the continued proliferation of password-protected IT assets is making privileged password management a tedious and time-consuming headache for IT teams of all sizes.
"Password Manager Pro won the goodwill of SMBs as well as a great number of large enterprises in 2012 as they sought to control access to the massive IT infrastructure of their complex data centres," the company said.
It added that the list of new account large enterprises includes the IT divisions of over a dozen Fortune 500 corporations and three of the world's largest organisations in software, retail and virtualisation. Of the new customers, 25% are enterprise organisations and the rest are SMBs. Technology, banking and financial services, education, healthcare and government were the dominant markets involved.
"Privileged passwords that grant unlimited access privileges are aptly referred to as the keys-to-the-kingdom. A haphazard style of privileged password management often lies at the root of cyber security incidents," said Rajesh Ganesan, director of product management at ManageEngine.
"With cyber-threats looming large, IT divisions of enterprises of all types, sizes and domains are now paying serious attention to shared administrative password management. Password Manager Pro perfectly meets industry requirements and comes as a ‘must-have' solution."
According to ManageEngine, more than 50,000 administrators and 150,000 users log in to Password Manager Pro in an average day and manage millions of privileged passwords. Features added to the suite during 2012 include auto logon for launching Windows RDP and SSH terminal sessions; a provision to completely video record, archive and play back privileged sessions launched from the product; secure offline access with the ability to automatically synchronise to users' mobile devices; and one-click auto logon to auto-fill the login page of Web applications with appropriate username/password information.
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In the digital economy the biggest threat looming is losing your identity.