Deepak Taneja’s Aveksaa is being acquired by RSA, the security division of EMC, for over $225 million (Rs 1,350 crore), according to a report.
In 2009 Aveksaa had raised $10 million in a series C round of funding from US-based venture firm FTV Capital and existing venture investors FirstMark Capital and Charles River Ventures (source).
Aveksaa, the Massachusetts based identity and access-management company, solutions help companies manage who has access to which applications and data in their enterprise. The company has its core development center in Koramangala, Bangalore.
Organizations with multiple departments need to provide different levels of access to applications to their employees.In such situations, identity management solution allows you to sync users and map their permissions across many popular applications.
Deepak Taneja co-founded Aveksaa in 2004 and led the company from inception through February 2008, before becoming the CTO. He was previously the CTO and VP of engineering at Netegrity.
Aveksaa had recently launched new product capabilities for data and applications for both inside the firewall as well as in the cloud. The company had also introduced a new software as a service (SaaS) identity and access management solution that provides visibility and control of both cloud and on premise applications in a single cloud-based solution.
We had recently reviewed SmartSignin, a Toronto based company, that provides one such cloud based SSO, Identity & Access Management solution with two-factor authentication. The service, launched in January, can perform one-click logins to all your websites and applications from a single secure portal. The company has it’s development center in New Delhi and a R&D wing at Ganita Labs, University of Toronto.