Symplified Named Finalist for 2011 TiE50 Award
BOULDER, Colo., April 20, 2011 – Symplified® , the Cloud security company, today announced that it was named a finalist for the 2011 TiE50 Awards, which recognizes the top 50 technology startups in the world. The market share leader in cloud identity with more than 1 million seats of the Symplified Suite currently deployed by Fortune 500 and small to medium businesses, Symplified was singled out for its pioneering approach to securing cloud computing and SaaS. The company was selected for the short list from a field of 1619 startups by a committee of industry experts.
“Being chosen as a finalist for the TiE50 Awards, which draws nominations from all over the world, is very gratifying,” said Eric Olden, Founder and CEO of Symplified. “This is further validation that our complete solution for cloud security, which combines identity, access, single sign-on and provisioning management, is market changing technology.”
TiE50 is TiE Silicon Valley’s premier annual awards program for technology startups worldwide. Since May 2009, 94% of TiE50 winners and finalists have attracted over $20 Billion in funding, while 42 have been acquired, merged or gone public. This year, the TiE50 Awards Program will recognize the top technology startups from the following segments: Internet (including Social Networking), Energy (including Cleantech), Wireless/Mobile, Software (including Cloud Computing), and Life Sciences. Final judging will begin on April 20, with winners being announced on April 30. For information visit: http://www.tie50.net/TiE50Awards/about.asp.
Symplified provides the trust fabric of the Cloud by enabling companies to extend and enforce identity and access management policies on cloud applications. The Company is the market share leader in cloud identity with more than 1 million seats of the Symplified Suite currently deployed by Fortune 500 and small medium businesses. The Symplified Suite is the only complete cloud security platform that unifies Web access management, federated SSO, auditing and user provisioning. Meanwhile, the Symplified Trust Cloud™ is the only identity and access management solution woven into the fabric of the Amazon Web Services platform and capable of delivering cloud security services on a massively scalable and global basis. It is deployed in 40 data centers worldwide. The company has been recognized by the Wall Street Journal in its 10th Annual Technology Innovation Awards, named Coolest Cloud Security Vendor by CRN, a Start-Up to Watch by Network World, and one of the Top 10 Most Innovative Companies at the RSA 2011 conference. Symplified’s management team has been developing pioneering identity and access management solutions for 15 years, and created Web access management market originator Securant and the ClearTrust product, which was acquired by RSA Security for $140 million. The company has received more than $18M in financing from leading venture capital firms Granite Ventures and Allegis Capital. Symplified is headquartered in Boulder, Colorado.