- Website: https://www.centrify.com/
- Company size (employees): 100 to 499
- Country: United States
- Headquarters Region: North America
In 3 bullets, summarize why this company is different from the competition and deserves recognition:
• Centrify is one of the fastest growing security vendors in the industry with over 5,000 customers, including more than half of the Fortune 50. Centrify is also profitable, which is in stark contrast to competitors like Okta and CyberArk that have gone the IPO route primarily to raise more capital. Becoming customer funded has had significant benefits, such as enabling Centrify to put more working capital towards R&D and focus on customers as the most important business stakeholders.
• Centrify’s differentiated platform approach addresses today’s biggest security issues, including single sign-on (SSO), privilege management, multi-factor authentication and beyond. Centrify’s strategy is to offer a broader, more effective platform for identity rather than a point solution that focuses on a limited facet such as SSO to cloud applications or vaulting server passwords. Centrify addresses today’s biggest security issues and helps stop breaches in their tracks. As customers and prospects look to consolidate vendors in the security space, Centrify is unique in that it secures access for all users, all applications and infrastructure, from any device. Centrify provides SSO resources across the enterprise coupled with adaptive multi-factor authentication, mobility and device management, privileged identity management, conditional access policies, and analytics in a single, holistic offering.
• Centrify is the only provider recognized by industry analysts as a leader in both PIM and Identity-as-a-Service.
In less than 300 words, summarize the achievements of the company in the nominated category
Centrify is a rapidly growing security vendor with more than 5,000 customers, including more than half of the Fortune 50. In FY17, Centrify continued to grow its customer base, particularly among large enterprises. New customers added to the roster include Sephora, Louis Vuitton, Office Depot, Colgate-Palmolive, Commonwealth of Massachusetts and Campbell Soup Company. Centrify now serves and supports 32 members of the Fortune 50, seven of the top-10 pharma companies, six of the top worldwide telcos and six of the top U.S. retailers.
In FY17, Centrify focused on long-term growth and customer needs and hit a major milestone of more than $100M in sales, with sixty percent of those coming through the channel. Centrify generated positive cash flow from operations and has a 95 percent plus customer retention rate. This is another proof point of Centrify’s unique approach to the market and the company’s commitment to creating a complete platform that stop breaches in their tracks.
At a time when cyber breaches are rising in volume and velocity, and, according to Verizon, 80 percent of those breaches are due to compromised credentials, Centrify represents a massive rethink of security with the only complete platform that stops breaches through the trifecta of Identity Services for applications, endpoints and infrastructure—both on premises and in the cloud. By taking a unique approach to controlling both end user and privileged access in the hybrid enterprise, Centrify is working to ensure the next dimension in security stops breaches.
Centrify also recently announced its Zero Trust approach to security. Zero Trust assumes that everything—users, endpoints, resources—is untrusted and must always be verified to decrease the chance of a major breach. Zero Trust is vitally important, especially now that the notion of a robust network perimeter no longer exists in the modern enterprise.