infoTECH Feature

January 18, 2012

Symplified Raises $20 Million in Series C Funding Led by Ignition

Cloud security company Symplified, which provides identity and access management tools for cloud applications, has raised $20 million in Series C funding led by Seattle-based Ignition Partners, according to media reports.

The company’s total funding is now at $38.8 million, including existing investor Allegis Capital, Granite Ventures, and Quest Software (News - Alert), which also participated in the financing.

Symplified said it will use the funds to expand operations, service and support, research and development and marketing.

Symplified offers companies an IAM infrastructure that “rivals the capabilities of expensive, first-generation products but without the frustrations and limitations of heavy monolithic software. Symplified was designed to address your on-premises identity and access-management needs, allowing you to build secure portals with personalized access for your workforce, customers and partners,” according to the company’s website.

As more businesses look to integrate management and control of access to cloud computing into their existing IT environments, they need the ability to transparently extend policies and controls that already exist within their data center, according to Steve Coplan, senior analyst, enterprise security practice at 451 Research.

“Symplified has built a platform for cloud identity and access management that uses a hybrid approach to bridge on-premises enterprise infrastructures with emerging cloud services,” Coplan said in a company statement. “Symplified’s architecture allows organizations to deploy an ‘enterprise out’ approach that allows for access management logic to be securely extended, while still gaining the benefits of management functionality delivered as a service.”

The company provides access to SaaS applications like Salesforce, ADP, WebEx, Xactly (News - Alert), Taleo, Success Factors and many others. Symplified’s client roster includes HP, Blue Shield, ESPN, Forest Laboratories, Moody’s, Zynga, Netflix, Rambus and Dolby Laboratories (News - Alert).

Symplified also recently announced it tripled revenues and customer adoption last year. The company also has a strategic partnership with Amazon in place, and launched the Trust Cloud on Amazon Web Services (News - Alert) to become the only provider of identity management services on Amazon’s cloud platform at the time.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO East 2012, taking place Jan. 31-Feb. 3 2012, in Miami, FL. ITEXPO (News - Alert) offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. For more information on registering for ITEXPO registration, click here.

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Erin Harrison is Executive Editor, Strategic Initiatives, for TMC, where she oversees the company's strategic editorial initiatives, including the launch of several new print and online initiatives. She plays an active role in the print publications and TMCnet, covering IP communications, information technology and other related topics. To read more of Erin's articles, please visit her columnist page.

Edited by Jennifer Russell

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