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Company Poised for Increased Adoption of Attribute Based Access Control Across Industries
CHICAGO, IL and STOCKHOLM, SWEDEN--(Marketwired - Feb 2, 2016) - Today Axiomatics, a leader in enterprise software for access control, announces substantial revenue growth for the year 2015. With a 90% increase in revenue year-over-year, Axiomatics results equate to the need for fine-grained access control at enterprises in the Fortune 500 and government agencies, with similar growth rates expected into 2016 and beyond.
The top customers served by Axiomatics in vertical markets such as financial services, health care, pharmaceuticals, manufacturing and the federal government, have diverse access control requirements. As the complexity of the IT environment expands exponentially, the needs of these organizations expand as well. The adoption of Attribute Based Access Control is widespread -- being used to meet compliance regulations, protect consumer privacy, secure corporate IP -- all while improving customer experience and accelerating the monetization of data.
The company continues to make substantial investments in the US market, including the US office headquarters in Chicago, sales and marketing enhancements, and a dedicated federal government staff.
"From our foundation, we've been focused on helping our customers accelerate their use of fine-grained access control to help protect what matters to them most -- sensitive data," said Babak Sadighi, CEO at Axiomatics. "We are seeing an increase in the adoption of this technology across industries in the Fortune 500 -- a trend that is in line with the evolving complex IT infrastructure."
"At Axiomatics, we specialize in Attribute Based Access Control (known as ABAC). We handle the complexity behind the scenes so our customers can implement consistent and comprehensive access control across applications, databases and APIs. What's encouraging is the adoption of this adaptive technology and the variety of use cases in play that are ultimately about protecting sensitive information and consumer privacy," says Gerry Gebel, President of Axiomatics.
About Axiomatics: Axiomatics is the leading provider of fine-grained access control. Our solutions are utilized by Fortune 1000 companies and federal government agencies to share and safeguard sensitive information, meet compliance and minimize data fraud. To find out more about our dynamic authorization solutions for applications, databases, and API security, or to request a demo, please visit www.axiomatics.com.