Invictus Growth Partners is a private equity firm that invests capital into and advises automation-enabled cloud software businesses and helps them scale with our expertise and access to the Invictus Guild.  We have invested $3.0 billion in 57 companies, have over 25 years of investing and operating experience and have realized exits with over $20 billion in market value.

Invictus Growth Partners

Axiad

Axiad IDS is an identity solutions provider for enterprise, government, and financial organizations to manage cybersecurity risks. The company delivers identity-first authentication technologies that help organizations secure people, machines, and applications. Its flagship offering, Axiad Cloud, provides an advanced authentication toolset that allows organizations to manage authentication processes without replacing existing systems. Axiad Cloud combines multifactor authentication, cloud-based PKI, and credential management utilizing x.509 certificates and FIDO passkeys while supporting the widest range of credentials in the industry, including FIDO, mobile MFA, Windows Hello for Business, YubiKeys, smart cards, TPM and biometrics.

Axiad provides organization-wide passwordless authentication solutions. Its flagship product, Axiad Cloud, is a comprehensive platform that enables enterprises and public sector organizations to transition to a passwordless authentication model. Axiad Cloud supports a wide range of credentials, including FIDO, mobile MFA, Windows Hello for Business, YubiKeys, smart cards, TPM, and biometrics.

Ensuring the right people access the right resources at the right time

Identity & Access Management

Identity Management and Information Security News for the Week of December 6th: ConductorOne, Tenable, Axiad, and More

Amazon Web Services

Axiad has joined the AWS Partner Network (APN)  and Axiad offers organization-wide passwordless orchestration solutions for cybersecurity.

Platforms that manage and maintain controls, policies, and systems that govern the entire lifecycle of an employee's access to company resources, systems, and data

Axiad provides organization-wide passwordless authentication solutions. Its flagship product, Axiad Cloud, is a comprehensive platform that enables enterprises and public sector organizations to transition to a passwordless authentication model. Axiad Cloud supports a wide range of credentials, including FIDO, mobile MFA, Windows Hello for Business, YubiKeys, smart cards, TPM, and biometrics.The company's technology works by orchestrating various authentication methods across an organization's systems and applications, ensuring a consistent and secure authentication process. Axiad Cloud allows customers to implement phishing-resistant multi factor authentication (MFA) methods, such as certificate-based authentication (CBA).Axiad Cloud can augment an organization's existing identity and access management (IAM) systems, extending their capabilities to provide passwordless, phishing-resistant MFA for all users. This approach helps organizations address the complexity of managing multiple IAM systems and eliminates gaps and inconsistencies that can be exploited by cybercriminals.In November 2022, Axiad released a turnkey SaaS solution that enables organizations to implement CBA across their IAM ecosystem, including various operating systems like Windows, macOS, and Linux. This solution streamlines credential management and provides administrators with a centralized dashboard for rolling out and managing credentials throughout their lifecycle.Key customers and partnershipsAxiad is used in various industries, including aerospace &amp; defense, financial services, insurance, healthcare, and oil &amp; energy.The company has partnered with Microsoft to support Azure Active Directory (now Microsoft Entra ID) certificate-based authentication, enabling Azure customers to implement phishing-resistant MFA and ensure seamless migration from legacy infrastructure to the cloud.Funding and financialsIn February 2021, Axiad raised USD 20 million in funding from Invictus Growth Partners for product development and to accelerate sales and marketing efforts.

FortifID is a software company that puts individuals back in control of their identity and directly connects individuals to institutions. The company building a network to power secure, trusted &amp; robust consumer data for the digital world, also enabling individuals to seize control over the use of their personal data. They solve the needs ofbusinesses that use, buy or sell personal data, as well as the privacy needs of consumers for business using personal data, for business selling personal data, and for individuals. Their vision is a data solution for the digital age using blockchain and next-gen concepts from MIT. FortifID was founded in 2017 and is based in Mountain View, California, USA.

FortifID

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 Keycloak is an open-source identity and access management (IAM) solution developed by Red Hat. It provides robust user authentication, authorization, and single sign-on (SSO) capabilities, allowing users to securely access multiple applications and services with a single set of credentials. Keycloak supports industry-standard protocols such as OpenID Connect, OAuth 2.0, and SAML 2.0, ensuring interoperability and seamless integration with various applications and frameworks.
 
 
 One of Keycloak's key features is its ability to act as an identity provider (IdP), handling user authentication and attribute assertions. It can also function as a service provider (SP), relying on external IdPs for authentication and authorization. Keycloak offers a user-friendly administration console, where administrators can manage users, roles, and permissions, as well as configure authentication methods, federation settings, and authorization policies.
 
 
 Keycloak supports user federation, allowing it to integrate with existing user stores such as LDAP and Active Directory. It also enables identity brokering, empowering users to authenticate using their existing social media accounts or external identity providers. Additionally, Keycloak provides customizable login pages, password recovery mechanisms, and support for multi-factor authentication, enhancing security and user experience.
 
 
 As an open-source project, Keycloak benefits from community contributions, ensuring its continuous improvement and adaptation to evolving business needs. Organizations can leverage the extensive documentation, forums, and resources provided by the Keycloak community for support and guidance during implementation and customization.
 
 
 
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Keycloak

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 miniOrange provides Identity and Access Management (IAM) solutions offering a range of products, including Single Sign-On (SSO), Multi-Factor Authentication (MFA), and Cloud Access Security Broker (CASB). Its solutions secure access to various applications and cloud services while enabling seamless user experiences.&nbsp;
 
 
 miniOrange's technology allows organizations to implement access control policies based on factors like IP addresses, locations, devices, and time restrictions, providing granular control over data access. Additionally, its solutions integrate with platforms such as Microsoft 365, ServiceNow, Oracle EBS, and Zoom, enabling businesses to enhance security across their digital ecosystems. With a strong focus on compliance and data protection, miniOrange's IAM offerings help enterprises mitigate risks associated with unauthorized access, data breaches, and cyber threats.
 
 
 Key customers and partnerships
 
 
 miniOrange's client base spans various industries, including government entities, healthcare organizations, and enterprises across the US.&nbsp;
 
 
 miniOrange partners with companies like Oracle, Microsoft, ServiceNow, and Zoom, integrating their IAM solutions to secure access to these platforms seamlessly. Its extensive app integration library, comprising over 5,000 applications, allows organizations to optimize resources and costs while streamlining authentication and access management processes.
 
 
 
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miniOrange

One Identity provides identity security solutions focused on protecting and unifying four core elements: Identity Governance and Administration (IGA), Access Management (AM), Privileged Access Management (PAM), and Active Directory Management. The company's solutions help organizations manage identities across on-premises, cloud, and hybrid environments through a modular and integrated approach to user account management. In October 2021, One Identity acquired OneLogin, which expanded its capabilities to include Single Sign-On, multi-factor authentication, directory integration, and user provisioning. The combination allowed customers to take a comprehensive approach to identity security through a unified identity security platform.

One Identity

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 SailPoint provides identity security solutions for enterprises. Its identity governance and administration (IGA) platform, IdentityIQ, allows organizations to manage and secure access to applications, data, and cloud resources across their entire IT infrastructure. IdentityIQ automates user provisioning, access requests, access certifications, and policy enforcement, ensuring that users have the appropriate level of access based on their roles and responsibilities.
 
 
 IdentityIQ integrates with various enterprise systems, including cloud, mobile, and on-premises applications, through connectors and APIs. This integration allows for synchronized user access management across the organization's technology landscape. The platform's key components include, 1)Identity Cube, a centralized repository for user identities and access rights, 2)Policies for enforcing organizational and regulatory standards, 3)Workflows for automating identity-related processes, and 4)Tasks, scheduled or event-driven processes for executing specific activities).
 
 
 SailPoint's identity governance solution helps organizations streamline audit and compliance processes, enhance security posture, and improve operational efficiency. It offers features such as role-based access control (RBAC), separation of duties (SoD) enforcement, password management, and compliance reporting. The platform leverages AI and machine learning (ML) capabilities to automate tasks, analyze identity data, and assist in determining appropriate access levels.
 
 
 In August 2022, SailPoint was acquired by Thoma Bravo in an all-cash transaction valued at ~USD 6.9 billion. Subsequently, it was delisted from the New York Stock Exchange.
 
 
 Key customers and partnerships
 
 
 SailPoint has established partnerships with various technology companies and has a strong customer base spanning multiple industries. Some notable customers are General Electric, Vodafone, ADP, and Western Union. SailPoint has also formed a partnership with Circle Security, a decentralized threat prevention platform, to enhance the security offerings for its customers.
 
 
 SailPoint actively collaborates with industry leaders, such as Cisco and Rapid7, to expand its identity security solutions and integrate with their respective products and services. The company maintains a partner ecosystem, including managed security service providers (MSSPs) and resellers, to facilitate the deployment and adoption of its identity governance solutions across various market segments.
 
 
 
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SailPoint

Platforms that manage and control user access to systems, applications, and resources and govern the policies, processes, and controls necessary to ensure appropriate access levels, permissions, and entitlements are granted to users based on their roles, responsibilities, and organizational requirements

Platforms that provide an additional layer of security beyond traditional username and password authentication, including controls such as one-time passwords (OTP), biometric data recognition (such as fingerprint, facial recognition), hardware tokens, or push notifications to mobile devices as a means to strengthen the authentication process

Platforms that manage and secure the digital identities and access rights of customers or users across various applications, services, and resources of an organization

Platforms that focus on managing user credentials, including passwords, to ensure secure access to systems, applications, data and resources

Platforms that enable users to authenticate once and gain access to multiple systems, applications, or services without the need to provide separate credentials for each system or resource access and usage

IAM solutions enable personalization by tailoring user rights, roles, and access to services based on individual profiles

IAM solutions enhance transparency and accountability by controlling user access, monitoring activity, facilitating audits, and preventing unauthorized access, ensuring business data integrity

AI/ML in IAM help automate risk analysis, anomaly detection, and adapt access controls, improving security.

Certain customer IAM providers also offer biometric authentication solutions

This is a key demand driver for IAM solutions as companies switch to a hybrid work environment, driving the increased need to manage user identity and access to organizational resources

Companies offering IAM solutions offer their solutions under a B2B SaaS model

PROMINENT_CATEGORY

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 Axiad, an identity security firm, has introduced Axiad Mesh, a solution for identity risk management combining multiple identity platforms. This software is available on the Microsoft Azure Marketplace and can work seamlessly with third-party solutions like Microsoft Entra ID, Workday, SailPoint, CrowdStrike, and TriNet.
 The technology driving Axiad Mesh is based on machine learning and can handle various identity platforms. These include identity providers, identity threat detection and response, identity security posture management, and privileged access management. The software features pre-built connectors, supports automatic workflows for risk remediation, and also integrates with Axiad Conductor, offering additional security assurance.
 The company claims that Axiad Mesh assists organizations in identifying identity risks throughout enterprise systems, quantifying these risks by assigning severity ratings, and also identifying issues such as excessive permissions and weak authentication. The solution also purportedly enhances the identification of complex attack vectors using frameworks like MITRE ATT&amp;CK.
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Axiad

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