Venafi Named as a Sample Vendor in the Gartner Hype Cycle for Identity and Access Management Technologies, 2020

As digital transformation accelerates, machine identity management is crucial

Venafi®, the inventor and leading provider of machine identity management, today announced that it has been listed as a Sample Vendor in the Machine Identity Management category for the Gartner Hype Cycle for Identity and Access Management Technologies, 2020 report. Gartner’s "Hype Cycle" is a series of reports that analyze common patterns when new technologies or innovations are adopted, enabling IT decision-makers to track technology maturity and future potential.

"Enterprise-wide machine identity management strategy is needed to support digital transformation in modern IT environments. As environments become more digital and cloud-enabled, security leaders will need to ensure that they can manage the increase in volume and velocity of machine identities that will be required to support their digital business needs," the Gartner report states.

"Our society revolves around machines, and as digital transformation programs accelerate, our reliance on machines is growing exponentially," said Jeff Hudson, CEO of Venafi. "Because every critical business application requires a machine identity, your organization must have a comprehensive machine identity management strategy. If you don’t, you are at risk. Venafi invented this category and holds more than 30 patents in this space, so we are very pleased to see Gartner recognize this rapidly growing market. We believe Venafi is uniquely positioned to create a world where all machine identities are managed and protected."

Machines—from physical devices to containers and algorithms—control the flow of sensitive data. They shape innovation and are fundamental to the way all businesses operate. As a result, the way in which they connect and authorize communication makes them a primary security and operational risk for organizations. When compromised, machine identities become powerful tools for attackers, allowing them to hide malicious activity, evade security controls and steal a wide range of sensitive data. Cybercriminals routinely target machine identities in order to misuse their capabilities because they are often poorly understood and weakly protected.

As the inventor and leading provider of machine identity management, Venafi delivers innovative solutions for the world's most demanding, security-conscious Global 5000 organizations and government agencies, including the top five U.S. health insurers; the top five U.S. airlines; the top four credit card issuers; three of the top four accounting and consulting firms; four of the top five U.S. retailers; and the top four banks in each of the following countries: the U.S., the U.K., Australia and South Africa.

Venafi is the leader in machine identity management for Kubernetes. Jetstack, a Venafi company, are the creators and maintainers of cert-manager, the leading, open-source machine identity management solution for Kubernetes which is downloaded millions of times per week. Venafi also offers numerous integrations for the HashiCorp ecosystem, natively supports Amazon AWS, Microsoft Azure and Google Cloud, and operates the $12M Machine Identity Management Development Fund that offers direct sponsorship to developers who create new, innovative solutions for enterprise security and DevOps teams.

"The pandemic has accelerated digital transformation, and security teams are trying to keep up with the number of team members working remotely while, at the same time, support meeting the machine identity needs of fast moving DevOps teams," said Kevin Bocek, vice president of security strategy and threat intelligence at Venafi. "These shifts are making it even tougher for enterprises to manage their machine identities effectively. Organizations need help navigating these radical changes. Venafi is the only solution provider with the operational experience to help organizations address all of these challenges."

Additional resources:

Report: Gartner Hype Cycle for IAM Technologies, 2020 (Published July 2020)

BLOG: Machine Identity Management Is Crucial for Digital Transformation [Just Ask Your Analyst]

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About Venafi

Venafi is the cybersecurity market leader in machine identity management, securing machine-to-machine connections and communications. Venafi protects machine identity types by orchestrating cryptographic keys and digital certificates for SSL/TLS, SSH, code signing, mobile and IoT. Venafi provides global visibility of machine identities and the risks associated with them for the extended enterprise—on premises, mobile, virtual, cloud and IoT—at machine speed and scale. Venafi puts this intelligence into action with automated remediation that reduces the security and availability risks connected with weak or compromised machine identities while safeguarding the flow of information to trusted machines and preventing communication with machines that are not trusted.

With more than 30 patents, Venafi delivers innovative solutions for the world's most demanding, security-conscious Global 5000 organizations and government agencies, including the top five U.S. health insurers; the top five U.S. airlines; the top four credit card issuers; three out of the top four accounting and consulting firms; four of the top five U.S. retailers; and the top four banks in each of the following countries: the U.S., the U.K., Australia and South Africa. Venafi is backed by top-tier investors, including TCV, Foundation Capital, Intel Capital, QuestMark Partners, Mercato Partners and NextEquity.

For more information, visit: www.venafi.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200929005020/en/

Contacts

Shelley Boose
shelley.boose@venafi.com
408.398.6987