Acuant Delivers Best Quarter in Company History Continuing Strong Growth
Company achieves 300 percent growth year-over-year
LOS ANGELES, Aug. 9, 2018 /PRNewswire/ -- Acuant, a global provider of identity verification solutions, today announced that the second quarter of 2018 was the most profitable in company history. Achieving more than 300 percent total sales growth year-over-year, Acuant's SaaS solutions posted over 60 percent growth and there was significant momentum in global partnerships in the financial sector. The company recently announced integrations with Experian, Okta and Trulioo which strengthen and expand services in the burgeoning IAM and Identity Verification marketplace.
Acuant was named a Representative Vendor in Gartner's 2018 Market Guide for Identity Proofing and Corroboration and also listed as a Sample Vendor in Gartner's Hype Cycle for Cloud Security, 2018 and Hype Cycle for Identity and Access Management Technologies, 2018 under the Identity Proofing and Corroboration Category in both.
Gartner analyst Jonathan Care wrote: "Traditional identity proofing was severely flawed, but binary — the information matched or didn't. The new approach delivers better detection of identity fraud and potentially lower friction for customers, both of which are key considerations for digital business. However, many organizations lack the resources to orchestrate and analyze multiple point solutions for a decision."*
Acuant was also recognized as an IDC Innovator in Identity Proofing solutions. As a key emerging vendor in the identity proofing market, Acuant offers the combination of physical document and biometric authentication through human-assisted machine learning. Recent accolades include Acuant's AssureID with Ozone® being named a Gold Winner for both the Stevie® Awards and Info Security Product Guide's Global Excellence Awards® receiving top honors for both. Ozone's ICAO Compliant e-Passport Solutions include Issuance, Quality Control and Authentication representing Acuant's strongest authentication technology that has won government contracts globally.
"We are pleased to continually be recognized as an innovative leader providing best-in-class solutions that address rising transactional fraud in the digital economy," said Yossi Zekri, President and CEO of Acuant. "We strive to do this with the least amount of friction to both our global partners and their end users, making transactions seamless and secure. 2018 is poised to be the best year in our company history and we are well-positioned to deliver tremendous growth and continued profitability."
About Acuant
Acuant is an identity verification platform that instantly reduces fraud while providing seamless customer experiences. Solutions include intelligent data capture and auto-fill software, identity document authentication, chip and e-Passport authentication with PKI, facial recognition software and expert manual review of documents. Human assisted machine learning powers the largest ID library processing 196+ countries monthly and having completed more than 3 billion transactions worldwide. Acuant mitigates risk and meets regulatory requirements such as KYC and AML, while protecting PII. Partners include start-ups, Fortune 500 and FTSE 350 organizations in all industries. For more information, please visit acuantcorp.com.
Gartner, Market Guide for Identity Proofing and Corroboration, Tricia Phillips, Jonathan Care, Danny Luong, Ant Allan, 24 April 2018.
Gartner, Hype Cycle for Cloud Security, 2018, Jay Heiser, 19 July 2018.
*Gartner, Hype Cycle for Identity and Access Management Technologies, 2018, Gregg Kreizman, 13 July 2018.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
PR Contact:
Malini Gujral
Acuant
213-867-2625
[email protected]
SOURCE Acuant
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