Imprivata

Imprivata (NYSE: IMPR) is an IT security company based in Lexington, Massachusetts. Founded in 2002, Imprivata develops and sells the OneSign Platform for securing employee access to desktops, networks and applications using a single sign-on.[1]

In 2011, Imprivata had over 1,250 clients and several offices. Imprivata customers are primarily from healthcare, financial services and government, as well as the energy, retail and telecommunications industries. Imprivata became a public company since June 25, 2014, listed on the New York Stock Exchange.[2]

History

Imprivata was founded by Phil Scarfo and David Ting, who had developed identity management technology while working at Polaroid Corporation’s small business incubator. Imprivata shipped its first product, the OneSign Enterprise Single Sign-On appliance in 2004. In 2005, Imprivata expanded to Europe, Africa and the Middle East,[3] and introduced OneSign 3.0, an upgraded product that increased extensibility and expanded its strong authentication management capabilities to include physical access cards, One-Time Password tokens, ID cards, proximity cards, etc., in addition to its finger biometric support. In 2006 Imprivata founder David Ting was selected by InfoWorld as one of the top 25 chief technology officers of the year.[4] In 2009, Imprivata acquired the assets of IdentiPHI, a manufacturer and reseller of biometric technology, including the SAFsolution product line.[5]

In July, 2011, Imprivata acquired assets of Validus Medical Systems of Santa Cruz, California, which was incorporated into the Imprivata Cortext technology.[2][6] On June 1, 2016, the Imprivata announced its senior vice president for worldwide sales would depart on August 5, 2016. In July, 2016, Imprivata announced that it agreed to be acquired by Thoma Bravo, a private equity firm based in San Francisco, for $19.25, estimated at a total of $544 million.[7] Omar Hussain was chief executive at the time.[8]

Technology

Imprivata OneSign helps companies manage user access and authentication. Product reviews suggest that the OneSign allows companies to enable all enterprise applications for single sign on without requiring custom scripting or modifications to existing directories.[9] OneSign can also strengthen user authentication to desktops and networks by replacing passwords with a range of authentication options that include finger biometrics, proximity cards, smart cards, many national and government ID cards, One-Time-Password tokens, and an employee’s physical location.[1] Product reviews also comment on OneSign's ability to simplify compliance reporting by consolidating the employee strong authentication and application access events in a single database.[10]

References

  1. 1 2 Scott Tiazkun (May 15, 2009). "Sign of the Times: As the government promotes universal electronic medical records, single sign-on technology gains momentum". FedTech. Retrieved August 24, 2016.
  2. 1 2 "Prospectus: 5,000,000 shares Imprivata". Securities and Exchange Commission. June 24, 2014. Retrieved August 24, 2016.
  3. ↑ John Leyden (March 7, 2005). "Single Sign On 'in-a-box' lands in Europe: Imprivata aims to turn on resellers with appliance play". The Register. Retrieved August 24, 2016.
  4. ↑ Ephraim Schwartz (June 5, 2006). "InfoWorld CTO 25: David Ting: CTO and founder, Imprivata". InfoWorld. Retrieved August 24, 2016.
  5. ↑ Peter Stephenson, SC Magazine, “Imprivata OneSign.” February 1, 2009.
  6. ↑ Jondi Gumz (October 28, 2013). "Lighthouse Bank to invest $4 million on new HQ". Santa Cruz Sentinel. Retrieved August 24, 2016.
  7. ↑ "Imprivata Agrees to be Acquired by Thoma Bravo". Press release. July 13, 2016. Retrieved August 24, 2016.
  8. ↑ "Schedule 14a Proxy Statement". Securities and Exchange Commission. August 12, 2016. Retrieved August 24, 2016.
  9. ↑ Michele Masterson, "Imprivata Targets Verticals with Single Sign-On," Channel Web (CRN.com), August 26, 2009.
  10. ↑ L. Samuel Pfeifle, “Imprivata picks up IdentiPHI assets”, Security Systems News, April 9, 2009
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