WASHINGTON, July 11, 2016 /PRNewswire/ -- Thycotic, a provider of privileged account management (PAM) solutions for more than 7,500 organizations worldwide, has been named a Strong Performer in The Forrester Wave™: Privileged Identity Management, Q3 2016. In the latest Forrester report, Thycotic received the highest score possible for privileged password safe/vault; direct customer install base and overall solution complexity. Additional categories that Thycotic earned the highest score possible were for largest number of managed/monitored endpoints; users, roles and help desk integration; application-to-application password management; and direct customer install base growth.
"I believe that recognition from Forrester as a Strong Performer validates our continued growth as a company and further demonstrates that we're accurately pushing the envelope to make companies' privileged accounts as secure as possible," said James Legg, president and CEO at Thycotic. "There is a real need for enterprises to protect its most valuable assets and our Secret Server solution is an ideal choice to mitigate fear of cyberattacks within the company network."
Forrester is a leading independent research firm that creates Wave reports highlighting how each provider measures up and helps security and risk professionals make the right choice. According to the Wave Report, Forrester estimates that 80 percent of security breaches involve privileged credentials.1
To assess the state of the privileged identity management (PIM) market and determine how the vendors stack up against each other, Forrester evaluated the strengths and weaknesses of top PIM vendors. After examining past research, user requirements, and vendor and expert interviews, the firm developed a comprehensive set of evaluation criteria. Thycotic was among the select companies that Forrester invited to participate in its Q3 2016, Forrester Wave evaluation, Privileged Identity Management Report.
Thycotic's Secret Server assures the protection of privileged accounts while being the fastest to deploy, easiest to use, scalable enterprise-class solution offered at a competitive price. To learn more about Thycotic and their PAM solutions, please visit the company's website and follow Thycotic on Twitter at @Thycotic. To find the full results of the Forrester Wave report, click here.
1 The Forrester Wave™: Privileged Identity Management, Q3 2016, Forrester Researcher, Inc., July 2016.
Thycotic, a global leader in IT security, is the fastest growing provider of Privilege Management solutions that protect an organization's most valuable assets from cyber-attacks and insider threats. Thycotic secures privileged account access for more than 7,500 organizations worldwide, including Fortune 500 enterprises. Thycotic's award winning Privilege Management Security solutions minimize privileged credential risk, limits user privileges and controls applications on endpoints and servers. Thycotic was founded in 1996 with corporate headquarters in Washington, D.C. and global offices in the U.K. and Australia. For more information, please visit www.thycotic.com.
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