Monday, September 14, 2020

Saviynt Claims Record Growth

Los Angeles-based cloud identity management software developer Saviynt says it saw record growth during the first half of 2020--despite the pandemic--saying it saw a 48 percent growth in recurring revenue. Actual financials for the privately held company were not announced. Saviynt says it has also expanded the number of employees at the company by 30%. The company attributed the growth to "product innovation, competitive customer wins, and key partnership additions." Saviynt is led by CEO Amit Saha. The company says its products are important as companies have shifted to remote work. The company's identity management tools are used by enterprises to control employee access to different internal systems.