Shearwater Regulatory News (SWG)

RNS Reach

4 June 2019

SHEARWATER GROUP PLC

SecurEnvoy launches Multi-Factor Authentication-as-a-Service

Shearwater Group plc (AIM: SWG, "Shearwater"), the digital resilience group that provides cyber security and managed security services to help assure and secure businesses, announces that SecurEnvoy, its Identity and Access Management ("IAM") solutions business, has developed and launched its new data security product, Multi-Factor Authentication ("MFA")-as-a-Service.

This new subscription-based product is a core component of SecurEnvoy's recently launched SecurIdentity™ cloud platform, which provides cloud hosted IAM solutions used by organisations to protect their critical data and infrastructure.

MFA-as-a-Service, which integrates with SecurEnvoy's on-premise MFA solution, enables organisations to deploy a wide selection of methods to authenticate users accessing all Microsoft Office 365 web and desktop applications, to ensure a seamless and secure single sign-on.

Additionally, organisations will also be able to utilise SecurEnvoy's expanded MFA solution with cloud-based services like Amazon Web Services, Dropbox, Salesforce, and Google Apps.

Phil Higgins, Group Chief Executive Officer of Shearwater, said:

"SecurEnvoy is a trusted industry name that has been providing secure identity access solutions to global enterprises for many years. Today's announcement significantly strengthens the business' position in the identity and access sector.

"The SecurIdentityTM platform will provide a compelling ROI for our customers, whilst delivering enhanced security access to organisations' network and applications, compared to using a disparate solution from multiple sources."

Steve Watts, Chief Executive Officer of SecurEnvoy, added:

"We are delighted with this new product release as it extends our Identity Platform offering into the Authentication-as-a-Service market.

"This new product will enhance organisations' overall security environment and the user experience, whilst at the same time substantially reducing customers' infrastructure, support and maintenance overheads.

"This is the first of a number of product updates and new technologies that we will launch over the next 18 months. We are making good progress on the delivery of our vision to provide a complete ecosystem that understands the identity of the user, the device and the data they interact with."

Enquiries:

Note to Editors

Shearwater Group plc is an award-winning digital resilience group that provides cyber security and managed security services to help assure and secure businesses in a connected global economy.

The Group's comprehensive cyber security solutions and services maintain trust between users, provide assurance around the protection of information assets and critical infrastructure, and support organisations' operational effectiveness. Its capabilities include identity and access management and data security, cyber security solutions and managed security services, and security governance, risk and compliance.

The Group is headquartered in the UK with offices in the US, UK and Europe, serving customers across the globe who are active in a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG". For more information, please visit www.theshearwatergroup.co.uk.

SecurEnvoy is a wholly owned subsidiary of Shearwater Group plc. It provides trusted identity and access management solutions to millions of users in real-time. Fast deployment across any environment, SecurEnvoy's technology maintains trust between those users and ensures the protection of organisations' critical data and infrastructure. For more information, please visit www.securenvoy.com.