Organizations with Affiliate Networks and Franchises Drive SecZetta Q2 Revenue Growth
FALL RIVER, Mass. – October 20, 2021 – SecZetta, the leading provider of third-party identity risk solutions, today shared its business growth highlights for the second quarter of its 2022 fiscal year ending in July. The company enjoyed a quarter of positive topline growth, underscoring its continued leadership in addressing third-party identity risk and enabling organizations to better manage the identity risk and lifecycle management needs of their growing third-party populations.
During the second quarter, SecZetta broadened its customer base with the addition of organizations with affiliate networks and franchise models. In addition to the typical challenges faced by all organizations utilizing third-party non-employees, these organizations are further challenged to simultaneously track the relationship and status of workers across multiple affiliates/franchises while ensuring that people can only see and manage identity information for those individuals for whom they are authorized. SecZetta solves these challenges by managing complex, collaborative lifecycle processes while taking into consideration contextual relationship data and risk for affiliates/franchisees and their workers. This allows organizations to manage their identities and access more efficiently and intelligently, ultimately reducing risk and cost.
“A recent SecZetta survey found 83% of U.S. adults believe organizations are more vulnerable to cyberattacks because of their reliance on third parties. Organizations with affiliate networks and franchise models face increased risks because of the inherent complexities of managing third-party access to data and systems in those more complex business structures,” said David Pignolet, founder and CEO, SecZetta. “To strengthen their resilience to cybercrime, all organizations must manage the identity lifecycle and risk of third-party workers with the same or greater diligence as their employees and ensure zero trust policies extend to third-party users.”
New Senior Leadership
SecZetta welcomed Matt Domsch as its Chief Technology Officer (CTO), deepening its executive bench with added industry expertise.
Matt Domsch is a visionary engineering leader with a distinguished career spanning more than 25 years including extensive experience in identity. Throughout his career, he has been responsible for strategic product development and has built and led high-performing teams that create and deliver award-winning products. Domsch holds fourteen software patents underscoring his deep engineering expertise and technological innovation. Prior to joining SecZetta, he held senior leadership positions with SailPoint Technologies, Quest Software, and Dell where he mastered his craft during his seventeen plus years tenure and helped drive Dell’s global leadership position in the server market.
Q2 Partnerships and Integrations Highlights
SecZetta continued to build out its partner roster in Q2 to support its ambitious global expansion.
New partners include:
- Carahsoft Technology, the Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets.
New Integrations include:
- CyberArk, the global leader in Identity Security.
- Prevalent, the company that takes the pain out of third-party risk management (TPRM).
“Increased awareness of the need to manage both human and non-human third-party identities, and mandates like the recent presidential EO, have driven the Federal, State, and Local Governments along with other public sector areas to add multiple levels of safeguards to their identity management processes,” said Jeremy Rohrs, SVP of sales and business development, SecZetta. “Partnering with an industry front-runner like Carahsoft and being part of their NASPO (National Association of State Procurement Officials) ValuePoint contract vehicle expands opportunity for SecZetta to help these organizations demonstrate increased oversight and alleviate the risk associated with the onboarding, offboarding, and management of their third-party communities.”