Tokyo Electron, U.S. Holdings (TEL U.S.) Gets a Jump on J-SOX with SailPoint Compliance IQ
Leading Global Semiconductor Equipment Supplier Standardizes Identity and Access Compliance Processes to Meet J-SOX Requirements
AUSTIN, Texas, May 6, 2008 -- Identity risk management software leader SailPoint Technologies, Inc. today announced that Tokyo Electron, U.S. Holdings (TEL U.S.) has selected SailPoint Compliance IQ to automate, simplify and strengthen its identity risk and compliance efforts.
TEL U.S. is a wholly owned subsidiary of Tokyo Electron Limited (TEL), a leading global supplier of semiconductor production equipment with a worldwide network of 90 locations in 12 countries in the U.S., Europe and Asia. TEL is a publicly traded Japanese company preparing for the Financial Instruments and Exchange Law (informally known as J-SOX). The regulation became effective for companies beginning April 1, 2008, and like similar legislation in the United States, it will require companies to ensure effective internal control over financial reporting. TEL U.S. has selected SailPoint Compliance IQ to address security and regulatory requirements and to provide ongoing evidence of compliance which ensures that users have appropriate access to business and financial applications.
"We're getting a head-start on J-SOX through deeper visibility into user access rights and related risks. Compliance IQ helps us define and monitor our identity and access compliance processes well in advance of our regular audit activity," said Russ Finney, Vice President of U.S. Information Systems operations for TEL U.S. "SailPoint helps us define the connection between user access, financial control and intellectual property protection. Their risk-aware approach focuses on the relative risks associated with user access within our business."
"By getting out in front of J-SOX, TEL U.S. will bypass the pain of manual, laborious compliance processes that has racked so many enterprise IT teams responding to regulatory requirements in the U.S.," said Mark McClain, CEO, SailPoint Technologies, Inc. "They'll also be very well-positioned to manage cross-regulatory requirements throughout the enterprise and will have a clear line of sight into access-related risks."
SailPoint Compliance IQ gives organizations superior visibility and control over user access and significantly reduces compliance costs by automating access control processes. Comprehensive compliance management and role management functionality makes it easy to determine who has access to what data; whether the access is appropriate; what users are doing with that access; and if they are in violation of established business policy. SailPoint's unique risk-aware approach provides a 360-degree view of user access that establishes critical linkages between each user's identity, access privileges and job duties. Armed with this identity intelligence, enterprises can determine the relative risk a user's access poses to the business and transform technical identity data into meaningful insights business managers need to make effective decisions.
About Tokyo Electron Limited
Tokyo Electron Limited (TSE: 8035) lies at the core of the Tokyo Electron Group, one of the world's top manufacturers of semiconductor production equipment, LCD production equipment, computer systems and electronic components. In 1963, a group of young and innovative entrepreneurs established TEL, the first company to introduce American semiconductor production equipment and integrated circuit (IC) testers to Japan. Since then, the company has grown to encompass nearly 80 offices in 16 countries that engineer, manufacture, sell, and service wafer-processing or semiconductor production equipment (SPE), as well as flat panel display (FPD) equipment. As the world market share leader in several product lines, TEL plays a key role in the evolving global semiconductor industry.
SailPoint Technologies, Inc. develops identity risk management software that helps organizations gain control over user access to critical systems and data, streamline costly IT compliance processes and reduce the risks of fraud, corporate data loss or theft and failed audits. Founded in December 2005, SailPoint is based in Austin, Texas.