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REMOVING MULTIMEDIA Radiant Logic Reports Record Profit and Growth for 2007
NOVATO, Calif. --(Business Wire)-- Reissuing release to remove multimedia.
The corrected release reads:
RADIANT LOGIC REPORTS RECORD PROFIT AND GROWTH FOR 2007
Virtual Directory Market Leader Reports 95% Revenue Growth and Record Profitability With Strong Push into the Identity and Context Integration Sector
Radiant Logic, Inc., the market leader for virtual directory solutions, today announced breakthrough financial results for 2007. The company reported 95% revenue growth over 2006 resulting from a surge in new business as well as increased investment from its existing customers. Radiant's strong customer base, focused strategic partnerships, as well as continuous product innovations, confirm Radiant Logic's leadership and strong growth in the Identity & Data Integration Market.
"Radiant Logic's rapid growth is a clear indicator that our approach to identity integration is well suited to the IdM and security needs of businesses," said CEO Michel Prompt. "Our leadership in the virtual directory space and our strong position in the expanding identity integration segment is a result of the growing demand for a flexible and scalable identity management infrastructure that can only be achieved by using a identity and context virtualization platform such as RadiantOne."
Growth Due to New Customer Momentum
New customers in 2007 include organizations such as Ford Motor Company, BT Radianz, Great American Insurance Company (GAIC), Commonwealth of Pennsylvania, Finish Foreign Ministry, and the Department of National Defense (DND) of Canada. In addition, Radiant Logic's growth came from existing customers who expanded their use of the RadiantOne Identity & Context Virtualization Platform for additional identity and data integration projects.
"Companies choose Radiant Logic for a variety of reasons", said Dieter Schuller, vice president of sales. "On the one hand, they need to address the integration challenge of their existing AD and Sun directories for successful web access management, and on the other hand, we see more and more companies approaching us to solve integration problems that link identity and application context."
Market Leadership and Product Visionary
A recent Burton Group Research Report(1) confirmed Radiant Logic as the market leader for virtual directory solutions, identifying RadiantOne as the leading product to solve complex identity integration problems, and offering significant advantages over competing products in many areas including Web Services, complex object relationship management, and sophistication of cache and cache refresh mechanisms.
In 2008, Radiant Logic will extend its leadership role by releasing new versions of its Virtual Directory Server (VDS) and Identity Correlation and Synchronization Server (ICS) products. These innovations will expand the use of the Identity and Context Virtualization Platform, further driving the identity integration market towards a flexible infrastructure that will provide a better, richer and totally secure customer experience with cost-effective and quick-to-deploy solutions.
About Radiant Logic, Inc.
Radiant Logic, Inc. is the leading provider of virtual directory solutions for identity management and enterprise information integration. The RadiantOne Identity and Context Virtualization Platform is being utilized by Fortune 500 corporations to provide virtual access to any applications and data sources for authentication, authorization, profile and personalization data, for portals, and services provisioning for application integration projects.
Radiant Logic's solutions have been used to solve tough identity and data integration problems at companies around the world. Companies and organization such as British Petroleum, Comcast, Discover Financial, Disney, Defense Information Systems Agency, Federal Reserve Bank, Federal Home Loan Bank, Fifth Third Bank, Freddie Mac, Lexmark, Telecom Italia, Symantec, USAF and Time Warner Telecom use the RadiantOne solution to speed deployment, solve integration challenges and cut costs for identity management projects. Partnerships with identity management software vendors- CA and RSA/EMC- along with professional services organizations- Accenture, Booz Allen Hamilton and Deloitte- demonstrate the broad impact of Identity and Context Virtualization on the market.
Radiant Logic is based in Novato, CA. For more information, visit www.radiantlogic.com.
(1) Virtual Directories: Valuable Present, Promising Future, Mark Diodati, 16 November 2007
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