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EMC Buys ID Manager Aveksa

RSA is constructing a single web-based “cloud platform” to prevent outsiders from breaking into networks

EMC said Monday that it had bought privately held identity verification specialist Aveksa for its RSA authentication unit.

The Times of India, where the Massachusetts-based Aveksa does core development work, broke the story and claimed that EMC paid upwards of $225 million in cash for the place. The start-up was reportedly afraid that if it didn’t sell EMC or another big company would develop Aveksa-like capabilities.

Aveksa lets users gain visibility and control over who has access to which parts of the applications and data in an enterprise regardless of their location or device, which is handy for compliance. It’ll work on mobile devices over the cloud.

Deepak Taneja (pictured) co-founded Aveksa in 2004 and led the company from its start through February 2008 before being named CTO. He was previously CTO and VP of engineering at Netegrity, the identity and access management start-up that CA acquired in 2004 for $430 million.

It can ensure data and applications inside the firewall as well as in the cloud. It also has a SaaS identity and access management solution that works with both on-premise and cloud applications in a single cloud-based solution.

Aveksa raised a $10 million C round in 2009 led by US-based venture firm FTV Capital and existing venture investors FirstMark Capital and Charles River Ventures. Altogether it scored around $28 million since starting with a $300,000 seed round.

Customers include Daimler Financial Services, Deutsche Bank and Bell Helicopter as well as other folks in financial services, healthcare, retail, energy, telecommunications, transportation and manufacturing.

Analyst firm KuppingerColes said, “The combination of RSA and Aveksa is, by the way, the only one in the market where strong authentication and IAG come together in one vendor. That will allow creating access governance for risk- and context-based authentication and authorization, the next big trend in IT.”

RSA told Reuters it will combine some existing products with those of Aveksa to offer a single web-based “cloud platform” to prevent outsiders from breaking into networks.

It means to offer a cloud-based version of its SecurID service, which requires computer users to enter unique codes every time they log into a network, and use Aveksa widgetry to verify the identity of people using programs from salesforce.com and Workday.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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