14 DAY TRIAL // Today, EMC Corporation has announced that it has acquired Aveksa Inc., a Massachusetts-based company that specializes in identity and access management solutions.
Aveksa will operate as part of RSA’s Identity Trust Management product group. The terms of the deal have not been disclosed, but EMC is confident that the acquisition will not have a material impact on GAAP and non-GAAP earnings per share for the full 2013 fiscal year.
By joining forces, RSA and Aveksa will be capable of helping organizations in automating the complete identity lifecycle of users.
Aveksa’s solutions are currently used by organizations of all sizes, including ones from financial services, healthcare, retail, telecommunications, transportations and manufacturing sectors.
Aveksa’s products can complement RSA solutions such as the RSA Security Analytics, along with the company’s access management and strong authentication portfolio.
“Today's enterprises face significant challenges around Identity and Access Management. The adoption of cloud-based IT infrastructures and the pervasive use of mobile means that security organizations are being asked to secure and provide access to assets they don't own, manage, or control,” said Art Coviello, RSA executive chairman and executive VP at EMC.
“Without the deep intelligence able to provide insight into what users should and should not have access to, traditional tools that simply automate IAM leave organizations exposed to the risk of excessive privilege, data breaches and regulatory non-compliance,” he added.
Vick Vaishnavi, Aveksa Corp. chief executive officer, commented, “We are excited about joining the RSA team and the strategic alignment between our organizations. Over the years, our customers have benefited from Aveksa's comprehensive, business-driven IAM solutions.”
He continued, “Together with RSA, we can continue our journey to adaptive identity management that addresses today's ever-evolving access challenges. We will continue to provide our customers and the broader market with best-in-class solutions that reduce business risk and enable efficient operations.”