Axiomatics Announces 90 Percent Revenue Growth in 2015
Company poised for increased adoption of ABAC across industries
CHICAGO and STOCKHOLM, February 2, 2016. Axiomatics, a leader in enterprise software for access control, today announced substantial revenue growth for the year 2015. With a 90 percent 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 U.S. market, including the U.S. 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.”
Axiomatics specializes in Attribute Based Access Control (known as ABAC). The company handles 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.
Senior Director, Strategic Communications