Market Overview

Identity Automation Announces Acquisition of HealthCast Inc.

Share:

HOUSTON, July 24, 2018 (GLOBE NEWSWIRE) -- Identity Automation, a leading provider of Access Management (AM), Identity Governance (IGA), and Multi-Factor Authentication (MFA) software, today announced its acquisition of HealthCast Inc., provider of award-winning enterprise single sign-on (eSSO) and virtual desktop technology for the healthcare industry.

Increased regulation and the shift from paper-based to digital records has created new challenges in securing and managing access to personal health data. On one hand, shared workstations and clinicians' need for ready access to patient information has driven widespread adoption of eSSO products that deliver streamlined, passwordless access. However, fear of PHI disclosures, data theft, and hefty compliance penalties is driving a need for more complete and integrated IGA technologies that strengthen security, while enabling better patient care at a significantly lower cost.

"IGA provides a means to manage diverse and variable workforce constituencies, and to protect sensitive data and resources. Healthcare providers are entering into mergers and acquisitions that require the ability to consolidate or divest information from other organizations," according to the research and advisory firm Gartner.*

"Combining RapidIdentity's automated lifecycle management, federated SSO, governance, privileged access management, and MFA capabilities with HealthCast's healthcare expertise and best-in-class eSSO solution, enables us to deliver a fully integrated IAM solution that balances usability and security," said James Litton, CEO and Co-Founder of Identity Automation. "We're excited to provide hospitals, clinics, physician networks, and healthcare providers of all sizes with a fresh, new option to help them address their unique regulatory, identity lifecycle, and integration challenges."

HealthCast adds award-winning healthcare-based technologies, backed by industry-leading support to Identity Automation's portfolio, including an eSSO solution that was top-ranked by KLAS Research in 2017 and 2018; proximity badge functionality that allows users to sign-in on a number of devices, including HP thin clients, Dell Wyse, and Chromebooks with a simple tap; and secure MFA for electronic prescriptions for controlled substances (EPCS). The acquisition also enables Identity Automation to leverage HealthCast's VDI expertise and connections into Epic, Cerner, MEDITECH, and other clinical business and administrative applications used by healthcare providers.

"Joining forces with Identity Automation is a smart move that aligns with the shift towards solutions that centralize, streamline, and secure access to healthcare records and applications for an increasingly mobile workforce," explained Joan Mehn, President and CEO of HealthCast Inc. "HealthCast has been delivering award-winning solutions to healthcare organizations for over twenty years, and a driving force behind this success has been our ability to recognize critical needs of the ever-changing healthcare industry. By combining our capabilities, we can deliver unmatched security, breadth of capabilities, and ease of use to our customers that improve clinician efficiency and overall patient care."

Stephens Inc. served as exclusive financial advisor to HealthCast in the transaction.

*Gartner, Healthcare Provider Context: 'Magic Quadrant for Identity Governance and Administration', 5 April 2018

About Identity Automation
Identity Automation helps organizations embrace security and increase business agility with RapidIdentity, the most complete identity, access, governance, and administration platform available. Identity Automation operates globally, with over 780 discreet customers and tens of millions of identities managed across on-premises and cloud resources. Learn more: www.identityautomation.com.

About HealthCast Inc.
HealthCast delivers award-winning eSSO and virtual desktop technology solutions within the healthcare industry for over 20 years. These solutions provide unparalleled speed, secure fast-user switching, automated workflows, and proximity badge features for customers, ranging from large hospital systems to specialty practices.

Contact:
Scott Kortright
skortright@identityautomation.com

Primary Logo

View Comments and Join the Discussion!