SACRAMENTO, Calif., Dec. 07, 2017 (GLOBE NEWSWIRE) — IDdriven, Inc. (OTC:IDDR), an innovative provider of cloud-based Identity and Access Management (“IAM”) services, today announced that the company is in the process of on-boarding a large number of identities for US-based clients.
Existing EU-based companies have been using IDdriven successfully since 2016 and have demonstrated that the solution’s simple and affordable capabilities can simultaneously enhance security and streamline reporting and administration.
This in combination with the company’s own internal testing has given IDdriven’ s first large US-based enterprise customers the confidence to start on-boarding their identities with plans to go live in the coming weeks.
Arend Verweij, CEO of IDdriven, Inc. stated, “As the IDdriven system is completely cloud-based, we can scale in a matter of minutes, without effecting the performance of our systems. We foresee significant expansion in the enterprise space and, as our contracts are subscription-based, an increase in monthly revenues.”
About IDdriven
With its next-generation IDaaS program of the same name, IDdriven, Inc. is at the forefront of the new breed of Identity Management and Access Governance solutions. The company is currently researching and developing a solution for enterprises aimed at helping enterprises utilizing the benefits of consortium based blockchain and their frameworks. Taking the complexity and upfront costs out of implementation, IDdriven automates access security for vulnerable company assets by seamlessly integrating with the solutions from Microsoft, and other cloud providers like Amazon. Founded in 2013, IDdriven is headquartered in Sacramento, California. To learn more, visit: www.IDdriven.com.
Forward-Looking Statement Disclosure
This news release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond IDdriven’ s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our software program s, (ii) development and protection of our intellectual property, (iii) industry competition, (iv) we may need to raise capital to meet business requirements. More detailed information about IDdriven and the risk factors that may affect the realization of forward looking statements is contained in our filings with the Securities and Exchange Commission which are available on our website and at www.sec.gov. IDdriven assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
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