New York, United States
Passlogix(R), Inc., announced that the HSBC, one of the largest global banking and financial services organisations, has selected the Passlogix v-GO(R) Sign-On Platform(TM) as their enterprise single sign-on solution. The v-GO solution is one of the key steps in a global identity management and authentication initiative designed to improve access control to applications and resources. HSBC's v-GO rollout is scheduled to begin immediately in North America.
HSBC will be using v-GO SSO(R) (Single Sign-On) to replace many of their existing application's user passwords with automatically generated strong user credentials, requiring the user to remember only a single password for network logon. This strategy will assist in dramatically reducing the helpdesk calls and user frustration related to managing multiple passwords, while improving overall application security.
Other deciding factors included the platform's rapid deployment capabilities, proven scalability, and ability to use virtually any back-end directory or database as its user profile and credential repository without the need to replace legacy systems. This flexibility is critical to HSBC because of the heterogeneous back-end systems of its offices around the world, many of which have been added through acquisition over the last decade.
"HSBC selected Passlogix after a rigorous process of testing and reviewing many of the market-leading solutions," said Richard Hackworth Group Head of IT Security, HSBC. "We are confident that by adopting v-GO, we will be able to quickly achieve the security, administrative and user convenience benefits of a single sign-on solution."
"The size and complexity of this deployment requires a mature solution with an open architecture, minimal implementation effort, and broadest possible range of functionality," said Marc Boroditsky, President and CEO of Passlogix. "The fact that we were awarded this contract clearly demonstrates our ability to meet the requirements of any size organisation and strengthens our position as a leading enterprise single sign-on vendor."
The v-GO platform can support sign-on to any type of Windows, mainframe or Web application without modification or significant implementation cost. It can be quickly and easily implemented in enterprises of all sizes, using patented client-side intelligence that eliminates the need to write scripts or connectors even to homegrown or legacy applications, and can be deployed on existing servers without adding dedicated or proprietary hardware. These and other features lower the overall total cost of ownership.
About HSBC Holdings plc
HSBC Holdings plc serves over 125 million customers worldwide through some 9,500 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$1,502 billion at 31 December 2005, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.
Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.
About Passlogix
Passlogix(R) is the developer of the market's most robust, scalable and easy-to-deploy enterprise single sign-on platform, with successful installations in hundreds of organizations of all sizes and in all industries around the world. The company's patented intelligence-based technology eliminates lengthy and expensive implementation cycles, and provides rapid return on investment, by adapting to any existing infrastructure without the need for custom coding or replacement of legacy hardware or software. Founded in 1996, Passlogix is headquartered in New York City with sales offices throughout the United States, United Kingdom and Hong Kong. For more information, visit http://www.passlogix.com/
CONTACT: Passlogix, Inc. Michele Favaro 212-901-8398 michelef@passlogix.com
CONTACT: Passlogix, Inc. Michele Favaro 212-901-8398 michelef@passlogix.com , ,
Source: Business Wire (Business Wire India)