Leading European Auto Manufacturer Selects Covisint as Global Standard for Identity Management
(Thomson Reuters ONE) -
New 5-Year Deal Reflects the Importance of Cloud Identity in Enabling the
Extended Digital Enterprise and Streamlining Business Processes
DETROIT, Dec. 03, 2015 (GLOBE NEWSWIRE) -- Covisint Corporation (Nasdaq:COVS),
the leading Cloud Platform for building Identity and Internet of Things (IoT)
applications, today announced one of the fastest growing and most profitable
European Automotive OEMs has selected Covisint as their global standard for
identity management. Through this new five-year, non-cancellable agreement,
this customer will use Covisint's cloud identity management services as the core
technology behind their digital transformation initiative, enabling faster and
more secure information exchange across their ecosystem of over 100,000 people,
systems and things.
Beginning late last year, Covisint partnered with this customer to address the
technologies required for accelerating the flow of information both internally,
and with their large and growing network of global business partners, retailers
and affiliates. The focus was on supporting the growth trajectory and pace of
innovation expected over the next five years. Furthermore, the customer also
realized that the increasing risks of data breach and industrial espionage
required them to implement a system that equally improves their information
security, access control and governance capabilities.
After a competitive selection process, this customer chose the Covisint Cloud
Platform because it:
* Is the leading cloud-native, multitenant platform that offers complete
identity lifecycle management and identity governance capabilities
* Offers turnkey enterprise management capabilities, critical to supporting
the unique demands of large & complex ecosystems of business partners
* Has a proven 12-year track record of successfully supporting production-
critical applications, and
* Offers broader capabilities beyond identity to support their future
initiatives, such as consumer identity and connected vehicle applications
Our customer expects to receive substantial benefit from the Covisint Cloud
Platform, including:
* Business agility - giving retailers, employees, & suppliers the ability to
access the applications and data they need more quickly, and thereby
enabling the business to move faster
* Improved security & compliance - by consolidating systems and identities,
eliminating account sharing, and improving auditability
* Better usability - with a single identity and single sign on, and
* Cost savings - in excess of $4M / year, from technology consolidation and
reduction in support
The Covisint Cloud Platform will be on display and demonstrated at the Gartner
Identity & Access Management Summit - December 7-9, 2015 in Las Vegas - where
visitors can learn more on this initiative as well as Covisint's approach to
managing the identity of everything - people, systems, and things.
About Covisint Corporation
Covisint is the leading Cloud Platform for building Identity and Internet of
Things (IoT) applications, and enables the identification, authorization and
connection of complex networks of people, processes, systems and things.
Covisint's open, developer-friendly, enterprise-class Cloud Platform facilitates
the rapid development and deployment of the Internet of Things (IoT), Identity
Management (IdM) and Connected Supply Chain solutions - enabling customers to
securely identify, authenticate and connect users, devices, applications and
information. Covisint has been successfully operating globally at enterprise
scale for more than 12 years. Today, the Covisint Platform enables more than
3,000 organizations to connect with more than 212,000 business partners and
customers, and supports more than $4 billion in ecommerce transactions annually.
Learn more at www.covisint.com.
Forward-looking Statements
Certain statements in this release that are not historical facts, including the
anticipated number of users of the Covisint Platform, the expected performance
of the Covisint Platform, the elements of a cloud platform, and nature of the
competition from a technology and market perspective, are "forward-looking
statements" within the meaning of the federal securities laws. These forward-
looking statements represent our outlook only as of the date of this release.
While we believe any forward-looking statements we have made are reasonable,
actual results could differ materially since the statements are based on our
current expectations and are subject to risks and uncertainties. These risks
and uncertainties are discussed in the Company's reports filed with the
Securities and Exchange Commission. Readers are cautioned to consider these
factors when relying on such forward-looking information. The Company does not
undertake, and expressly disclaims any obligation, to update or alter its
forward-looking statements whether as a result of new information, future events
or otherwise, except as required by applicable law.
Follow us:
* Covisint on Twitter
* Covisint on LinkedIn
* Covisint on Facebook
Investor Relations Contact
866.319.7659
investors(at)covisint.com
Media Contact
Sherbeam Wright
Analyst and Media Relations, Covisint
415.780.0208
sherbeam.wright(at)covisint.com
For Sales and Marketing Information
Covisint Corporation, 26533 Evergreen Road, Suite 500,
Southfield, MI 48076, 800-229-4125
http://www.covisint.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Covisint Corporation via GlobeNewswire
[HUG#1971347]
Unternehmensinformation / Kurzprofil:
Datum: 03.12.2015 - 22:15 Uhr
Sprache: Deutsch
News-ID 437564
Anzahl Zeichen: 6676
contact information:
Town:
Southfield
Kategorie:
Business News
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