Imprivata

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Imprivata is a digital identity security company based in Waltham, Massachusetts. Their first product came to market in 2004, and they expanded into Europe in 2006. [1]

Contents

In 2017, Imprivata had over 1,700 clients and several offices across America, Europe and Australia. Imprivata customers are primarily from the healthcare industry. Imprivata became a public company on June 25, 2014, and was listed on the New York Stock Exchange, [2] until it was acquired by private equity investment firm Thoma Bravo in 2016. [3]

In 2019, they acquired GroundControl to expand their mobile offerings, in 2020, FairWarning to expand their Digital Identity platform and more recently Xton Technologies and SecureLink to deliver privileged access management (PAM) both for internal and external users.

History

Imprivata was founded by David Ting and Phil Scarfo, who had developed identity management technology while working at Polaroid Corporation’s small business incubator.

The company shipped its first product, the OneSign Enterprise Single Sign-on appliance, in 2004. In 2005, Imprivata expanded to Europe, Africa and the Middle East, [4] and in 2006 Imprivata founder David Ting was selected by InfoWorld as one of the top 25 chief technology officers of the year. [5]

In 2009, Imprivata acquired the assets of IdentiPHI, a manufacturer and reseller of biometric technology, including the SAFsolution product line, [6] and in 2011, acquired assets of Validus Medical Systems of Santa Cruz, California, which was incorporated into the Imprivata Cortext technology. [2] [7]

In July 2016, Imprivata announced that it agreed to be acquired by Thoma Bravo, a private equity firm based in San Francisco, for $19.25 per share, estimated at a total of $544 million. [8] Omar Hussain was the chief executive at the time. [9]

Technology

Imprivata OneSign helps companies manage user access and authentication. Product reviews suggest that OneSign allows companies to enable all enterprise applications for single sign-on without requiring custom scripting or modifications to existing directories. [10] OneSign can also strengthen user authentication to desktops and networks by replacing passwords with a range of authentication options that include finger biometrics, proximity cards, smart cards, many national and government ID cards, One-Time-Password tokens, and an employee’s physical location. [1] Product reviews also comment on OneSign's ability to simplify compliance reporting by consolidating the employee strong authentication and application access events in a single database. [11]

Related Research Articles

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Authentication is the act of proving an assertion, such as the identity of a computer system user. In contrast with identification, the act of indicating a person or thing's identity, authentication is the process of verifying that identity. It might involve validating personal identity documents, verifying the authenticity of a website with a digital certificate, determining the age of an artifact by carbon dating, or ensuring that a product or document is not counterfeit.

<span class="mw-page-title-main">Smart card</span> Pocket-sized card with authentication circuitry

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<span class="mw-page-title-main">Security token</span> Device used to access electronically restricted resource

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A whole new range of techniques has been developed to identify people since the 1960s from the measurement and analysis of parts of their bodies to DNA profiles. Forms of identification are used to ensure that citizens are eligible for rights to benefits and to vote without fear of impersonation while private individuals have used seals and signatures for centuries to lay claim to real and personal estate. Generally, the amount of proof of identity that is required to gain access to something is proportionate to the value of what is being sought. It is estimated that only 4% of online transactions use methods other than simple passwords. Security of systems resources generally follows a three-step process of identification, authentication and authorization. Today, a high level of trust is as critical to eCommerce transactions as it is to traditional face-to-face transactions.

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References

  1. 1 2 Scott Tiazkun (May 15, 2009). "Sign of the Times: As the government promotes universal electronic medical records, single sign-on technology gains momentum". FedTech. Retrieved August 24, 2016.
  2. 1 2 "Prospectus: 5,000,000 shares Imprivata". Securities and Exchange Commission. June 24, 2014. Retrieved August 24, 2016.
  3. ↑ "Thoma Bravo Completes Acquisition of Imprivata". Imprivata. Archived from the original on 25 February 2017. Retrieved 25 February 2017.
  4. ↑ John Leyden (March 7, 2005). "Single Sign On 'in-a-box' lands in Europe: Imprivata aims to turn on resellers with appliance play". The Register. Retrieved August 24, 2016.
  5. ↑ Ephraim Schwartz (June 5, 2006). "InfoWorld CTO 25: David Ting: CTO and founder, Imprivata". InfoWorld. Retrieved August 24, 2016.
  6. ↑ Peter Stephenson, SC Magazine, “Imprivata OneSign.” February 1, 2009.
  7. ↑ Jondi Gumz (October 28, 2013). "Lighthouse Bank to invest $4 million on new HQ". Santa Cruz Sentinel. Retrieved August 24, 2016.
  8. ↑ "Imprivata Agrees to be Acquired by Thoma Bravo". Press release. July 13, 2016. Retrieved August 24, 2016.
  9. ↑ "Schedule 14a Proxy Statement". Securities and Exchange Commission. August 12, 2016. Retrieved August 24, 2016.
  10. ↑ Michele Masterson, "Imprivata Targets Verticals with Single Sign-On," Channel Web (CRN.com), August 26, 2009.
  11. ↑ L. Samuel Pfeifle, “Imprivata picks up IdentiPHI assets”, Security Systems News, April 9, 2009
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