Netegrity Announces IdentityMinder eProvision 4.0
Provisioning solution delivers new features to help reduce the complexity of managing ever-changing business environments
Waltham, MA - June 7, 2004 - Netegrity, Inc. (Nasdaq: NETE), a leading provider of identity and access management solutions, announced the next major release of its provisioning solution, Netegrity® IdentityMinder® eProvision 4.0. The new features in eProvision 4.0, including enhanced workflow and simplified administration, make it easier to manage the regulatory compliance process, mitigate risk, and reduce costs. IdentityMinder eProvision is a component of the Netegrity identity and access management product line that enables companies to manage external and internal users and their access to both enterprise and Web applications.
Provisioning has become a critical component of identity management as it automates the process of managing access to valuable enterprise resources and applications for employees, contractors, and partners. Without an automated provisioning solution, companies can face costly administration burdens, create security risks, and lower employee productivity. According to META Group, most organizations struggle with removing user access with only 70% of users being deleted on departure and new users being provisioned to 16 applications but only being de-provisioned from 10 on departure. In addition, provisioning technology is proving instrumental in helping companies comply with regulations, such as Section 404 of Sarbanes-Oxley, which mandates that companies control access to their financial systems and provide an audit trail of who accessed what and when.
"Implementing provisioning is a two-edged sword for many companies. They need to demonstrate success high and early, yet select a solution that is capable of meeting the more complex and shifting challenges of today's business environments," said Kevin Kampman, practice manager and senior consultant at Burton Group. "Netegrity has improved eProvision with features that address these immediate and long-term deployment objectives."
Netegrity IdentityMinder eProvision 4.0 delivers key new features that make it easier for customers to build, run, and maintain a true enterprise-class deployment. New features in eProvision 4.0 include:
Enhanced Workflow: Netegrity IdentityMinder eProvision provides a very dynamic workflow engine that can easily handle the ever-changing business environment. With eProvision 4.0, Netegrity has built on the product's flexible workflow engine with:
Graphical interface: The new workflow graphical interface provides drag and drop icons to make it easier to develop workflow processes.
Enhanced policy builder: eProvision 4.0 makes it even easier to build and configure workflow policies. Unlike the rigidity of other provisioning workflow engines, Netegrity's workflow self-generates based on the business rules that have been established.
Optimized task generation and scheduling: Once the workflow has been developed, eProvision 4.0 now adds an "intelligent workflow process" which optimizes how the workflow is executed. Now, tasks can run simultaneously instead of being serial and having to wait for one workflow to finish before another begins.
Unified Designer: eProvision 4.0 provides a centralized console from which to administer and configure the product. Administrators can now create policies, view tables, and define resources all from a single location.
State of the Art J2EE Architecture: Netegrity IdentityMinder eProvision continues Netegrity's heritage in supporting heterogeneous environments by providing a full Java architecture that runs on both Solaris and Windows.
"This release marks an important milestone for Netegrity as it illustrates the successful integration and execution of our provisioning acquisition," said Bill Bartow, vice president of engineering at Netegrity. "With this release we are leveraging Netegrity's longstanding expertise in enterprise class manageability and platform neutrality and adding that to eProvision's existing leading functionality and scalability."
As the borders between internal and external applications and users continue to blur, customers are realizing that they need one system from which to manage all of their users (employees, customers, partners) and their access to all systems (Web-based and internal applications). Netegrity provides a full suite of identity and access management products which enables organizations to manage the full user lifecycle. Customers can implement Netegrity's identity and access management solution in phases, addressing their most pressing business need first by starting at any identity access management point, from Web access management, to identity administration, or provisioning. They are then assured that the individual components will all work together to provide a common, integrated facility from which to manage users and their access to legacy, client/server, and Web applications as well as Web services.
Netegrity IdentityMinder eProvision 4.0 is expected to be available at the end of June 2004.
Netegrity, Inc. is a leading provider of security software solutions that securely manage identities and their access to enterprise information assets, letting business in while keeping risk out. Netegrity provides a comprehensive identity and access management product line for continuously evolving computing environments, including legacy, Web, and service-oriented architectures. For more information, visit http://www.netegrity.com.
Netegrity, SiteMinder, IdentityMinder, and TransactionMinder are trademarks or registered trademarks of Netegrity, Inc. All other product names, service marks, and trademarks mentioned herein are trademarks of their respective owners.
Various statements in this release concerning Netegrity's future expectations, plans, and prospects constitute forward-looking statements for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors such as, but not limited to, general economic conditions, weakness in the global economy, increased operating expenses, our ability to develop and enhance our products and services or remain competitive in product pricing, competition in the marketplace, including competitors' sales strategies, development and performance of our direct and indirect sales channels, delays in product development, changes in customer and market requirements and standards, market acceptance of new products and technologies, and technological changes in the computer industry, as well as those risks more fully discussed in the Company's reports on file with the Securities and Exchange Commission including the Company's latest Form 10-K, Form 10-Q and any subsequent filings. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. While we may elect to update forward looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change and, therefore, you should not rely on any of these forward-looking statements as representing the Company's views as of any date subsequent to today.