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.

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