Denver, June 26, 2018 (GLOBE NEWSWIRE) -- OverWatchID, a Denver-based market leader in cloud-based converged identity security solutions, has completed deployment of its patent-pending, multitenant privileged access management (PAM) solution at Datavail, one of North America’s largest data management companies. The deployment is part of Datavail’s ISO 27001:2013 security program, which provides Datavail’s customers with enhanced protections against the growing threat of data breaches while dramatically improving efficiency for Datavail’s engineers.
In 2017, nearly 5 million data records were lost or stolen worldwide every single day, with the global average for each data breach exceeding $3 million. As businesses face the shock of these threats to their operations, they also must be aware that consumers and employees are now more concerned than ever about the security of their private information.
“Our customers want to know that their credentials are compartmentalized and secure, and our investment in this platform helps ensure exactly that,” said Brook Shuford, CISO, Datavail. “As an MSP, we remotely connect to thousands of our customers’ systems, so securing their user IDs and passwords is a business imperative.”
The OverWatchID identity security platform comprises privileged access management (PAM), identity and access management (single sign-on, password vaulting, secure VPN), multifactor authentication and cloud access security brokering. Designed and built for service provider environments, the platform is fully multitenant and requires no hardware or gateways. Deployment is a simple software agent distribution, and onboarding of target systems is fully automated via orchestration.
“Legacy PAM systems can no longer keep pace with the relentless number and sophistication of today’s data breaches,” said Andy Funk, co-founder and CEO of OverWatchID. “With the implementation of the OverWatchID platform, Datavail has reaffirmed its strong commitment to protecting sensitive customer and business information.”
About Datavail:
Datavail provides specialized IT, professional and managed services via their global delivery model. Their architects, developers, analysts, data scientists and DBAs possess, on average, 15 years of technology experience. From application development and modernization to remote DBA services to advanced enterprise data management and business intelligence, Datavail helps organizations make informed business decisions through data. With more than 900 employees and operations in four countries, Datavail offers deep technical expertise in a flexible, agile engagement model that focuses on customer success. Founded in 2007, Datavail is based in Broomfield, Colorado and supports enterprise clients located worldwide. For more information, visit www.datavail.com.
About OverWatchID:
OverWatchID is “Identity Security ReinventedTM.” OverWatchID leverages more than 20 years of enterprise development experience in identity security and delivers a feature-rich platform that comprises privileged access management (PAM), identity access management (IAM), multifactor authentication (MFA) and cloud access security brokering (CASB). OverWatchID’s patent-pending technology provides an assurance of security efficacy far beyond legacy PAM systems, and its rapid, frictionless deployment reduces subscription, implementation and administration costs by up to 80 percent. OverWatchID is headquartered in Denver, Colorado. www.overwatchid.com.