Saviynt
Security and Compliance Management for Amazon Web Services

Saviynt Raises $205M; Founder Rejoins as CEO, Appoints Seasoned President to Accelerate its Leadership in Identity Management

Wednesday, February 15, 2023

LOS ANGELES: Saviynt, announced that it has closed $205 million in growth financing from AB Private Credit Investors’ Tech Capital Solutions group, an affiliate of global investment management firm AllianceBernstein. The company will use this funding to meet the market’s growing demand for its converged identity platform and accelerate innovation.

“We look forward to working with such a talented management team and prominent investor base at Saviynt”

The company also welcomes back its founder Sachin Nayyar as the newly appointed Chief Executive Officer. Nayyar first led Saviynt from inception in 2011 to leadership in the identity governance market in 2018, exponentially increasing its revenue and customers during his initial tenure. Nayyar rejoins Saviynt after serving as founder and CEO of cyber security company Securonix, which he led to a $1 billion+ growth investment led by Vista Equity Partners in 2022. Seasoned executive Paul Zolfaghari joins Saviynt as President with over twenty years of software company operating experience. He was most recently a Managing Director at private equity firm Carrick Capital Partners. Prior to that, Zolfaghari was President of enterprise software company MicroStrategy (NASDAQ: MSTR.) Former Saviynt CEO Amit Saha will be taking on the new role of Chief Growth Officer, where he will develop and execute on strategies to grow the company’s converged identity platform and strategic relationships.

“We look forward to working with such a talented management team and prominent investor base at Saviynt,” said Alex Barry, Head of Originations for AB Tech Capital Solutions, a business unit within AB Private Credit Investors, the middle market direct lending platform of AllianceBernstein. Lewis Leavitt, Director for AB Tech Capital Solutions, continues, “The company’s strong financial performance and market opportunity supports our expectation for a long-term, successful relationship.”

These announcements come amidst exceptional company growth driven by continued strong demand for its Enterprise Identity Cloud, a leading cloud-native converged identity platform for workforce, enterprise applications, privileged and third-party identities.

“I am thrilled to return to Saviynt. Modern enterprises now realize they require a converged approach to identity security, one that is agile, cloud-based and will seamlessly scale to manage and mitigate risk,” said Sachin Nayyar. “Saviynt anticipated this need when it was founded in 2011. Today, the company is positioned to meet this demand and accelerate our disruption of legacy identity security providers, including SailPoint. The new funding allows us to extend our Enterprise Identity Cloud platform advantage through continued innovation, enhance user experience, expand the platform to support emerging technologies such as OT and IoT and grow our technology partner ecosystem.”

Organizations have increasingly turned to Saviynt EIC to maximize ROI, lower costs, reduce complexity, and streamline IAM processes. In October 2022, the company released major new platform capabilities that build on key areas of identity governance, cloud privileged access management (CPAM) and identity analytics to help organizations embrace Zero Trust principles. Saviynt’s latest growth funding represents its unwavering commitment to deliver the best identity solution to its customers, including:

• Innovation: consistently deliver advanced identity solutions that facilitate digital transformation by leading the market in security, ease of use, and organizational impact

• Customer support: ensure the highest possible customer satisfaction through a dedicated team of professionals available 24/7

“Saviynt is proud of our leading product innovation and our customer-centric philosophy, which we will maintain in our relentless pursuit to deliver a best in class experience, highest ROI, and lowest TCO for our growing customer and partner ecosystem,” said Paul Zolfaghari, President, Saviynt.

“Saviynt enabled Kraft Heinz Company to transform and modernize our enterprise identity security strategy,” said Ricardo Lafosse, Chief Information Security Officer, Kraft Heinz. “As one of the largest food and beverage companies in the world, we needed a partner that could overhaul our security posture with minimal disruption. Today, with Saviynt we’ve created a dynamic approach to converged identity; one that gives us full access control, protection of critical assets and significant minimization of risk.”

Saviynt Presents The Identity Cloud at RSAC 2024

Thursday, May 09, 2024

The Identity Authority’s automated, intelligent cloud platform provides superior security, improved productivity, privileged access, and effective compliance

LOS ANGELES-Saviynt, a leading provider of cloud-native identity and governance platform solutions, will present this week at RSA Conference (RSAC) 2024 its Identity Cloud, which is an intelligent, secure converged platform with AI capabilities that improves decision making, protects applications, secures identities, and boosts operational productivity across both internal and external ecosystems.

With a proliferation of identity types – human and machine, physical and digital – and an evolving threat landscape, organizations are struggling to keep up with the pace of change. Saviynt’s Identity Cloud meets today’s and tomorrow’s needs by leveraging its advanced security, intelligence, productivity and compliance capabilities on a single converged, cloud-based platform that evolves to meet the changing demand.

As the world’s leading identity cloud, Saviynt is announcing new advanced intelligence solutions that will allow enterprises to transform from a purely operational process to an automated, AI and ML approach with one cloud platform. These capabilities include assisted decision making via machine learning, the industry’s first Identity Security Data Lake to enhance visibility of identity security posture, and Savi a large language model (LLM) assistant to increase productivity and security. Saviynt will also soon be releasing a comprehensive Machine Identity Management product to better manage both humans and machines.

“There have been a number of recent public attacks on Identity Security providers,” said Jeff Margolies, Chief Product and Strategy Officer at Saviynt. “Saviynt has met this moment with The Identity Cloud, which is an evolutionary way of approaching identity governance and administration (IGA), privileged access management (PAM), application access governance (AAG) and external identity governance by providing all of these capabilities in a single converged cloud platform. Our platform was built with a security-first architecture that provides complete data and network isolation to our customers, ensuring their data is always secure. This is unlike other identity vendors but the ideal approach for a security-first solution like Saviynt.”

Driven by customer demand and practitioner innovation, The Identity Cloud is the best answer to the changing landscape, enabling organizations to be prepared, mitigate their risks, do more with less, and focus on what really matters. Saviynt achieves this goal by capturing operational data, enriching it with AI, and turning it into actionable intelligence.

“Transforming identity processes from operational to intelligent is a must for enterprises. With The Identity Cloud, organizations can automate tasks, improve decision making, reduce unnecessary risk, and deliver a transformational impact that improves efficiencies by over 50%,” said Margolies.

With intelligence and AI at its core, The Identity Cloud manages and governs the lifecycle of identities by streamlining and protecting organizations utilizing four key pillars:

• Superior security powered by the industry’s most comprehensive and intelligent identity architecture: The Identity Cloud’s security-first architecture with established trust zones shares a common control plane for code delivery and tenant management allowing for version currency across all customer tenants, continuous version updates, and uniform security policy enforcement. The platform's isolation of data and network tiers ensures zero data commingling across tenants allowing for secure backups, zero data leaks, improved recovery point objective (RPO), as well as de-risk unwanted lateral access.

• Intelligence that protects: Powered by the industry’s first, largest and only Identity Security data lake storing identities, attributes, access, usage, configurations and policies, customers can derive intelligent insights, discover risks and take targeted actions to improve their risk posture. Saviynt’s core tenets on intelligence are a benefit to its customers by performing autonomous decisions and onboarding, enrichment of their identity data to cut down governance costs due to poor data and providing contextual assistance with human-like interactions leveraging Gen-AI based integrations.

• Increased productivity and efficiency via the industry’s only true converged platform: The Identity Cloud delivers the industry’s most advanced and intelligent recommendations engine empowering users and decision makers and boosts their productivity with a converged, intuitive user experience by allowing them to focus on sensitive and high risk items which matter the most. Customers will be able to cut request time up to 60%, reduce certification fatigue and focus on risky entitlements and extreme outliers with more than 75% revokes, and reduce tenant and application onboarding times by more than 40%.

• Continuous compliance: Organizations can now meet audit, compliance, regulatory and privacy needs with identity at the epicenter. The Identity Cloud enables organizations to be audit ready by providing analytical controls to continuously monitor security risks within critical applications and understand the identity landscape with deep visibility on risk trends and improve risk and compliance posture.

“As businesses grow, they face new challenges in ensuring the right people have the right level of access to the right systems both internally as well as with third-party partners, suppliers, and vendors,” said Damon McDougald, the global Security Digital Identity lead at Accenture. “To meet this need, we’re working with Saviynt to help clients efficiently manage identities and control user access across the entire enterprise environment reducing the risk of security breaches.”

Many of Saviynt’s customers represent the Global 2000 leaders that have embraced digital and cloud transformation. All of these organizations have found value in their first day with Saviynt, while saving millions of dollars from legacy solutions that do not scale. The Identity Cloud provides rapid time-to-value with lower cost and increased ROI so organizations can eliminate the cost of legacy and point solutions, manual provisioning and access certification. Saviynt also provides unparalleled customer experience by onboarding applications once, easily creating reports, managing access policies and configuring workflows for an organization's specific identity use case all through a single, simplified experience with The Identity Cloud.

“None of us expected the level of visibility that Saviynt provided,” Syneos Health Principal Solutions Architect Mike Rivett said in a recent case study. “It lifted the curtain. We’ve been able to collapse entire on-prem domains based on usage modeling of accounts and entitlements within those directories.”

Saviynt Identity Cloud Replaces Legacy Identity Security Systems

Tuesday, June 11, 2024

The world’s largest enterprises turn to Saviynt’s built-in-the-cloud platform with AI capabilities which provides superior security, access, productivity and compliance over mundane legacy identity platforms

LOS ANGELES -Saviynt, announced from its Booth #1606 at Identiverse in Las Vegas that its customers are replacing inadequate legacy systems with its automated, intelligent cloud-native platform, the Identity Cloud. The platform, which provides visibility, control, intelligence, and rapid time-to-value, protects more than 60 million identities and counting with an increased return on investment (ROI) so organizations can eliminate the cost of legacy and point solutions, manual provisioning and access certification.

“We were looking to free ourselves from the costs and burden of managing on-premises servers from legacy systems, so we sought out a cloud-native solution like Saviynt,” CISO at Ingredion Kenneth Townsend said in a recent case study. “We also wanted a solution that would be easy to learn and intuitive to manage, and that would enable rapid application onboarding. Robust reporting capabilities and the ability to leverage automation – as well as analytic insights from ML and AI – were also must-haves. We found everything we were looking for in Saviynt’s full-featured Identity Governance and Administration (IGA) platform, the Identity Cloud.”

Saviynt’s Identity Cloud manages all identities through a single pane of glass, allowing organizations to mitigate risk and focus on what matters. Its intuitive user experience, centralized identity warehouse, and advanced analytics increases an organization’s security posture without impacting business operations.

“The vast majority of organizations that have implemented on-premises, legacy IAM solutions, have done so because of a lack of good alternatives. These organizations were trying to address very complex security requirements, satisfy regulations, and all the most complete IGA and Privileged Access Management (PAM) solutions used to be legacy, software based,” said Henrique Teixeira, Senior Vice President of Strategy at Saviynt. “These organizations are dealing today with a massive technical debt challenge, which is many times inevitable with on-premises IAM apps. A Gartner survey says technical debt is one of the top challenges for infrastructure and operations for the past five years. Thankfully, technology has evolved, and organizations finally have a no-compromise alternative with the converged Identity Cloud offered by Saviynt. The Identity Cloud is stronger in terms of capabilities, offering full IGA and PAM features, and it is easier to manage than legacy solutions, because it’s a cloud delivered solution. It’s the best of both worlds.”

Legacy systems are falling short as the Identity Cloud improves operational efficiencies by up to 50% and provides the following benefits of an intelligent platform:

• Consolidate Core Identity Security Functions: A single solution that combines IGA, PAM, and external and application access governance using the same management console, processes, and design characteristics that simplifies management and enhances the user experience.

• Manage and Govern All Identities, Applications, and Workloads: With a 360-degree view of the entire identity landscape, organizations can manage all identities across environments whether on-premises, or in multi-cloud, or hybrid architectures. Organizations can also consolidate application GRC capabilities and gain cross-application separation of duty (SoD) management throughout the enterprise. The Identity Cloud unifies administration by bringing together intelligence, reporting, and dashboarding. It enables an organization to understand the overall health of its identity programs with actionable reporting against key performance indicators including service health, configurations, and compliance. The platform also delivers reports aligned to regulations and frameworks that reduce manual efforts and increase audit success.

• Speed Deployment and Simplify Management: Instantly connect cloud platforms, enterprise applications, databases and directories, cloud storage, and more to accelerate implementation timelines with pre-built and out-of-the-box integrations via Saviynt Exchange. Its rapid onboarding capabilities, combined with hundreds of integrations developed by Saviynt and its partners, let organizations quickly add applications, significantly reducing the effort required to ingest usage and risk signals from critical enterprise applications. Organizations can Bring-Your-Own (BYO) capabilities for existing workflows, security keys, vaults, forms, and more to leverage previous investments and provide a consistent user experience.

• Reduce Costs and Technical Debt: Legacy systems are inherently more expensive to implement, manage and keep up to date. Legacy systems require multiple components built over the years by various vendors. This technical debt increases management costs through constant upgrades, patching, and developer costs due to its on-premises architecture and heavy customization needs. Saviynt’s SaaS and configuration-based architecture simplifies daily operations, empowering both administrators and end users through automation and a streamlined user experience. Eliminate unnecessary coding to increase your ROI and reduce total cost of ownership.

“The Identity Cloud is an original built-in-the-cloud identity solution that enables organizations to stay on top of the exploding number of digital identities across on-prem, cloud and multi-cloud application environments,” said Jeff Margolies, Chief Product and Strategy Officer at Saviynt. “Innovation from legacy security providers is lacking. Organizations continue to face the same challenges each year due to complicated visibility and upgrades, as well as disjointed management. Our platform’s superior capabilities, with intelligence and AI at its core, eliminate human error by prioritizing decision-making access to sensitive applications.”

Saviynt was also named a Gartner Peer Insights Customers’ Choice for IGA with 91% of customers willing to recommend its platform. It is the only vendor to be recognized as a customer’s choice for three consecutive years in a row. It also received the highest number of customer reviews, the highest overall customer rating of 4.7 out of 5 stars, and the highest number of 5-star reviews when compared to other vendors.

Identiverse attendees can meet with Saviynt to view a demo of the platform May 28-31 at Booth #1606 inside the Aria Resort in Las Vegas. Or to learn more about why customers are leaving legacy solutions and choosing Saviynt’s Identity Cloud, please visit our blog.

Henrique Teixeira, SVP of Strategy at Saviynt, to Share Insights on the Challenges with Non-Human Identities and The Cloud Shared Responsibility Model

Tuesday, June 25, 2024

Teixeira to discuss identity and the complex nature of today’s cloud environments in joint webinar on June 26 with Elastic, anecdotes, and Token Security

LOS ANGELES -Saviynt, announced today that Henrique Teixeira, SVP of Strategy at Saviynt, will participate in a joint webinar on Wednesday, June 26 hosted by Token Security to discuss the challenges posed with the cloud shared responsibility model and the impact this is having on machine identities (or non-human identities [NHIs]) in the cloud.

“Machine identities include workload identities like Application Programming Interfaces (APIs) keys, Robotic Process Automation (RPAs or bots), and service accounts for example. They enable machine-to-machine interactions, or app-to-app access that may include permissions to personally identifiable information (PII) just as typical human users do,” said Teixeira. “Organizations leveraging cloud-first or cloud-only strategies today manage many times more machines than human identities. That demands similar types of controls between Identity Governance and Administration (IGA) and Privileged Access Management (PAM) that exist for humans, but these are not sufficient. To manage these identities’ security, organizations need more dynamic, and behavioral and anomaly-based analytics.”

The joint webinar will also cover how the cloud shared responsibility model needs to adapt to these types of identities and a very interesting debate on nomenclature. Should it be called NHI or Machine IDs?

WHAT: “Challenges with Non-Human Identities and The Cloud Shared Responsibility Model”

WHEN: 1:00 p.m. ET/10 a.m. PT on June 26th

WHO: Henrique Teixeira, SVP of Strategy at Saviynt

Mandy Andress, CISO at Elastic

Jake Bernardes, CISO at anecdotes

Itamar Apelblat, Co-founder and CEO at Token Security

REGISTER: Confirm a spot here

The discussion will also highlight:

• The shared responsibility model and the growing number of NHIs

• The main challenges with NHIs in today’s complex cloud environment

• Dos and Don'ts when it comes to NHIs in the cloud

• NHI versus Machine IDs: what is the most correct one?

Saviynt’s solution secures NHIs through its cloud-based IGA platform. The platform is highly scalable and cloud architected which provides rich analytics, peer insights and usage, as well as extensible process and workflow controls, full lifecycle management capabilities, and access review and certifications.