Ignition Leads $20M Round In Cloud Security And Identity Company Symplified
Symplified, which provides identity and access management tools for cloud applications, has raised $20 million in Series C funding led by Ignition Partners. Existing investor Allegis Capital, Granite Ventures, and Quest Software also participated in the financing, which brings the company’s total funding to $38.8 million.
With more than 3.8 million subscribers, Symplified offers a cloud identity and access management service for enterprises. Businesses can use Symplified for cloud identity management, access control, single sign-on for employees, user management and auditing across any access device using a unique proxy gateway architecture deployed either in the cloud or on premises. The company provides secure access to SaaS applications like Salesforce, ADP, WebEx, Xactly, Taleo, Success Factors and many others.
Clients include HP, Blue Shield, ESPN, Forest Laboratories, Moody’s, Zynga, Netflix, Rambus and Dolby Laboratories. The company says that it tripled revenues and customer adoption last year. Symplified also has a strategic partnership with Amazon in place, and launched the Trust Cloud on Amazon Web Services to become the only provider of identity management services on Amazon’s cloud platform at the time.
Symplified will use the funds to expand operations, service and support, research and development, and marketing.
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