02 Mar Company Profile: i-Sprint Riding IAM Market Wave To Success
Combination of Digital Identity and Identity of Things solutions sets company apart in the anti-counterfeiting field
Menlo Park, Calif. – Sep. 21, 2017
Malware attacks affecting millions of computers around the world grab headlines, but before malicious programs can act, they need to land on a targeted system. That’s typically done by gaining unauthorized access to those systems, which is why the identity and access management market is heating up.
Cybersecurity Ventures predicts the IAM market will be growing at a brisk average annual clip of 12-15 percent over the next five years, from 2017 to 2021. That growth will be even greater in the Asia-Pacific region driven by increased demand for cloud-based solutions from manufacturing and other verticals, as well as rapid industrial growth spurred by small- and medium-sized enterprises.
One company poised to cash in on that burgeoning demand in the Asia-Pacific region for IAM solutions is i-Sprint Innovations, a Cybersecurity Ventures top 50 company to watch in 2017 and the only Far East company to crack Gartner’s Magic Quadrant for the access management market.
Founded in Singapore in 2000, i-Sprint cut its cybersecurity teeth in the demanding financial services industry and used that experience to broaden its reach into other sectors. “With our proven track record in the financial services industry and in regulated industries with strong compliance requirements,” explains i-Sprint CEO Dutch Ng, “we have been able to extend our market coverage to public services such as government agencies, critical infrastructure such as power plants, core services such as healthcare and education and general businesses such as manufacturing.”
That extended market coverage now encompasses 150 regional financial institutions, government agencies and large corporations, which use i-Sprint’s suite of security products to protect assets worth more than $10 trillion.
A broad array of integrated identity and access products are made by i-Sprint.
For operating an authentication infrastructure, the company offers its AccessMatrix Universal Authentication Server. The product gives organizations a lot of flexibility for meeting their needs by supporting multiple authentication methods, such as IDs and passwords, dynamic passwords, certificates, biometrics and security tokens.
The company also has a single sign-on offering, AccessMatrix Universal Sign On. Single sign-on is attractive to both organizations, because it gives them better control over their employees’ logon activity, and workers, because it allows them to access applications and websites without the burden of remembering multiple sets of credentials. i-Sprint’s non-intrusive approach to USO combines sign-on and sign-off automation with context management and fast user switching on workstations to improve access to business information and reduce operational errors.
The firm also has solutions for managing access and credentials in organizations.
Its web service-based AccessMatrix Universal Access Management offering integrates four security components — administration, authentication, authorization and audit services — to beef up application security and enforce fine-grained access policies to strictly control who sees what on a system.
Access to data can be further controlled with AccessMatrix Universal Credential Manager. It allows organizations to keep a tight rein on the use of privileged user IDs and passwords, which can be used to prevent data leakage and unauthorized access to confidential information.
A distinctive feature of i-Sprint’s products is the way they handle encryption. Encryption can boost data security, but it can also impose burdens on a system. i-Sprint makes encryption less burdensome by removing the need for complex coding when doing end-to-end encryption during a user’s login. Its solution provides headache free data encryption from a user application to a website where the data can be decrypted and verified.
“Our proven end-to-end encryption for transaction data and password protection solution has been designed to address the potential data leakage vulnerabilities in web servers and on the network,” i-Sprint’s Vice Chairman and CTO Albert Ching told Network World Asia.
In addition to its access solutions, i-Sprint has a cloud login service and a mobile device management offering.
Its SecurLogin service includes cloud-based two-factor authentication services for enterprises. Organizations don’t have to buy any hardware to take advantage of the service’s 2FA, but they may have to install a client application to support some authentication methods. SecurLogin itself contains a unified management platform that supports multiple authentication methods.
i-Sprint’s mobile offerings include YESsafe AppPortal+ and YESsafe Token+is.
YESsafe AppPortal+ is a mobile application security management solution that creates a platform for deploying, securing and running mobile apps, as well as authenticating users.
YESsafe Token+ is software that runs on a mobile device and supports both one-time-only password and PKI technology. It gathers strong certification, transaction authorization and other functions under its umbrella, as well as provides complete data protection on a device.
Counterfeit goods are another area where i-Sprint has found a home for its authentication acumen. According to one analyst prediction, the global anti-counterfeiting market will nearly double from 2016 to 2021, to $206 billion from $107 billion, and i-Sprint hopes to capitalize on that growth with two products: AccessReal which protects consumers against counterfeits and secures every product’s digital identity and AccessReal for Publishers, which does the same for print.
“By combining our Digital Identity and Identity of Things solutions, we offer a unique solution to address this convergent trend that will clearly set us apart from our competitors,” i-Sprint’s Ng says.
With its strong product line, i-Sprint attracted the attention of the Teamsun Group in China, which bought the IAM company in 2011. According to Gartner, i-Sprint benefited from its acquisition by enabling it to expand into markets in China and Southeast Asia. A growing partner network is also going to brighten i-Sprint’s future, Gartner adds, and will likely help with future customer and revenue growth.
– John P. Mello, Jr. a freelance writer specializing in business and technology subjects, including consumer electronics, business computing and cyber security.
i-Sprint Innovations (i-Sprint) established in the year 2000, is a leading provider in Securing Identity and Transactions in the Cyber World that enables individuals, organizations, and societies to build trust and identity assurance for powering productivity gain through digital identity and identity of things (IDoT).
An ISO27001 and ISO9001 certified company, we are committed to delivering a qualified and secured management system that meets the needs of our clients. i-Sprint’s clients include leading global and regional financial service institutions, government agencies, telecommunications, public utilities, manufacturing, healthcare, education, multi-national corporations and others. Currently, i-Sprint has a direct presence and active authorized partners across Singapore, China, Hong Kong, Taiwan, Malaysia, Thailand, Japan and the United States.