The Enterprise Identity Cloud leader announces it increased annual recurring revenue by 46% and grew Global 2000 customers by 100% in 2020
Saviynt, a leading provider of intelligent identity and access governance solutions, today released 2020 business results solidifying the company’s position for continued success in 2021. With 46% growth in annual recurring revenue (ARR), best-in-class customer loyalty, and multiple new marquee customer wins, Saviynt, recognized as part of Deloitte’s 2020 “North America Technology Fast 500,” closed out 2020 as the leading identity cloud platform for enterprises.
“Saviynt is witnessing firsthand the massive shift in the business needs of organizations, specifically in the realm of intelligent identity and cloud transformation,” said Amit Saha, CEO, Saviynt. “We listened carefully to our customers and partners, developing innovative solutions to help them persevere through these challenging times. Motivated by the loyalty of our customers, the commitment of our workforce, and the leading technology powering our platform, 2020 was the most successful year in our company’s history.”
Addressing the Needs of Today’s Modern Enterprises
In November 2020, Saviynt launched the Enterprise Identity Cloud. A converged identity platform built for today’s complex enterprises and IT ecosystems, the latest release consolidates traditional security and compliance solutions and offers customers cloud-specific benefits such as faster deployment time, centralized controls, advanced analytics, automated workflows, and an industry-leading 240% ROI (as calculated by a top analyst firm). Saviynt unveiled Enterprise Identity Cloud at its annual customer conference, CONVERGE, which was attended virtually by over 1,5000 identity professionals.
Enabling Business Transformation for Global Enterprises
Fueled by its innovative cloud solutions, Saviynt saw a 50% increase over the last year in newly acquired customers and can now reference The Kraft Heinz Company, Advisor Group, and other Global 2000 customers. Companies select Saviynt to help secure and transform their businesses as they continue to move more business-critical operations to the cloud. Saviynt’s future-proof approach to intelligent identity helps organizations effectively manage human and machine identities, accelerate employee and contractor onboarding, and lower deployment costs with low-code configuration.
Acquiring the Talent to Enable the Platform
In order to support the growing market demand for Saviynt’s solutions, the company increased its global employee headcount by 40% in 2020, while also earning a 2021 Top Places to Work Award from Energage. As part of this workforce growth, Saviynt welcomed several new members to its leadership, including Jayanta Bhowmik, Senior Vice President, Engineering. Bhowmik brings over 25 years of enterprise product engineering experience that will play a key role in helping Saviynt complete its next phase of growth. “I am thrilled to be joining Saviynt at a time of tremendous growth and success,” said Bhowmik. “The team’s commitment to delivering cloud agnostic SaaS solutions that scale with evolving customer challenges is inspiring, and frankly long overdue in the identity space.”
Powering the Partner Ecosystem
Saviynt has also expanded its partner ecosystem with its newest partner, TechData, a global technology distributor who provides hardware, software, and SaaS-based solutions. TechData joins an ever-expanding network of technology and solution partners, including Microsoft, AWS, Google Cloud, Deloitte, and Accenture. Saviynt also continues to expand on its tech integrations. KuppingerCole, a notable analyst firm, praised the power of Saviynt’s integrated IGA capabilities in its recent IGA Solutions for ServiceNow Infrastructures report, stating that “Saviynt excels with the broadest list of out-of-the-box integration use cases amongst all vendors.”