Symplified Named Colorado Company to Watch for 2012
Award Recognizes Most Promising Growth Stage Enterprises
BOULDER, Colo., May 7, 2012 – Symplified®, the Cloud Identity Company, today announced that it has been named a Colorado Company to Watch for 2012 by the Colorado Office of Economic Development and International Trade and a consortium of private and public organizations dedicated to supporting second-stage businesses in Colorado. The Colorado Companies to Watch Awards recognize the top firms that demonstrate significant employee or sales growth, exceptional entrepreneurial leadership, and sustainable competitive advantage. Winners will be honored at a special ceremony on Friday, June 22, 2012 at the Denver Marriott City Center.
Colorado Companies to Watch is a unique awards program developed by the Edward Lowe Foundation to honor second-stage companies which have grown past the startup stage but have not reached maturity. Winners demonstrate high performance in the marketplace, exhibit innovative products or processes, or otherwise make those companies “worth watching”.
“Being named a Colorado Company to Watch provides further validation that Symplified is growing by leaps and bounds. Our innovative security technology is removing barriers to the adoption of cloud services by enterprises,” said Eric Olden, CEO and founder of Symplified.
“The market for cloud services is booming. According research firm Gartner, global spending on SaaS (software as a service) will rise 17.9 percent this year to US$14.5 billion*. Our cloud identity and access management service makes SaaS secure on any access device including on smartphones and tablets, which explains why we nearly tripled revenues and boosted customer adoption by 300 percent last year,” he added.
Symplified provides seamless single sign-on, identity and access management services to help enterprise around the world safely and securely connect users to cloud, web and mobile applications. Symplified is headquartered in Boulder, Colorado and can be found on the Web at www.symlified.com.
* Gartner, Inc., “Forecast: Software as a Service, All Regions, 2010-2015, 1H12 Update”, 13 March 2012 by Sharon A. Mertz and al.