[vc_row][vc_column][vc_column_text]Austin, Texas, Feb. 4, 2009 – SailPoint today announced that its flagship product, IdentityIQ, is the identity governance product of choice by a growing number of global enterprises in a variety of vertical market segments. Established companies including Allianz Life Insurance Company of North America (Allianz) and one of the 10 largest banks in the country are both using IdentityIQ to manage corporate risk and comply with federal regulations.

SailPoint IdentityIQ allows organizations to automate the access rights verification and certification process, which is required as part of many regulations like Sarbanes-Oxley (SOX). Companies unable to verify and certify their access are at risk of failing IT audits. IdentityIQ also helps organizations proactively manage risk by reducing security vulnerabilities exploited by disgruntled former employees and criminal identity theft rings. SailPoint customers have complete visibility into and control over user access privileges, allowing them to manage corporate sea change events such as mergers and acquisitions, reductions in staff and increased use of contract employees without worrying about detrimental consequences if the proper controls are not in place.

IdentityIQ uses advanced analytics and adaptive role modeling to combine business roles and policies with technical data mined from across the IT environment. IdentityIQ then provides meaningful, business-relevant identity information in easy-to-read reports and dashboards, enabling enterprises to identify vulnerabilities associated with user access and strengthen the controls necessary to mitigate those risks.

Industry leaders benefiting from IdentityIQ include:

Allianz selected SailPoint because of its ability to manage complex environments efficiently and cost-effectively, and also for its ability to scale to meet the global company’s needs. “Within the first few weeks of implementing SailPoint IdentityIQ, Allianz was able to aggregate, correlate and cleanse data across our SOX-relevant applications,” said Joe Dufresne, information security officer at Allianz. “We also fully automated our access review and certification process for 9,000 users across 40,000 accounts. SailPoint allowed us to improve the accuracy of user and entitlement data and more easily understand and oversee the technical access privileges held by specific users within the organization.”

One of the 10 largest US banks chose IdentityIQ for its ability to translate technical identity data into higher-level business roles. “We needed to empower business managers to approve and deny access privileges of their employees when necessary,” said the vice president of enterprise information security at the bank. “In order for that to be successful, we needed to ensure that the low-level access privileges were mapped to roles and presented in a business-friendly format. SailPoint IdentityIQ allows us to improve the reliability of access review and to minimize our risk exposure through a more effective process of ensuring our workers have appropriate access levels.”

For more information about how SailPoint customers, including 5 of the world’s top 10 banks and some of the world’s largest insurance, telecom, manufacturing, and healthcare companies, are using IdentityIQ, please visit: https://www.sailpoint.com.