Perhaps more important than the $15 million Imprivata Inc. raised in its latest
round of venture capital, the security appliance company landed the endorsement of business software giant SAP AG [
SAP], with SAP Ventures leading the round, joined by previous Imprivata investors Polaris Venture Partners, General Catalyst Partners and Highland Capital Partners.
Imprivata is using the new money to boost its authentication appliances and single sign-on products, particularly in large health care, government and financial services organizations, where SAP has a huge presence. The startup has spent the last several months synching its single sign-on products with physical security systems already employed by customers, typically in environments managed by enterprise resource management systems such as those sold by SAP.
Imprivata's appliances and attendant software for authentication and access management are particularly important in not only managing password issues, reducing IT costs and improving productivity and security, but in fitting into ERP systems to generate documentation for compliance in the heavily regulated markets it specializes in. The products allow systems to create records of who accesses what, when and from where and to comply with regulatory requirements including HIPAA in health care markets, Sarbanes-Oxley in financial services and various internal government requirements.
-- Clifford CarlsenSee April 7 press release from ImprivataSee SearchSAP.com postFor more see
Xconomy
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