Acuant reports 'strongest quarter'
10 August 2018 09:10 GMT

 Acuant, a provider of identity verification solutions, has announced that the second quarter of 2018 was the most profitable in company history.

The firm said that achieving more than 300 percent total sales growth year-over-year, Acuant’s SaaS solutions posted over 60 percent growth and there was significant momentum in global partnerships in the financial sector. The company recently announced integrations with Experian, Okta and Trulioo which strengthen and expand services in the burgeoning IAM and Identity Verification marketplace.

Acuant was named a Representative Vendor in Gartner’s 2018 Market Guide for Identity Proofing and Corroboration and also listed as a Sample Vendor in Gartner’s Hype Cycle for Cloud Security, 2018 and Hype Cycle for Identity and Access Management Technologies, 2018 under the Identity Proofing and Corroboration Category in both.

Gartner analyst Jonathan Care wrote: “Traditional identity proofing was severely flawed, but binary — the information matched or didn’t. The new approach delivers better detection of identity fraud and potentially lower friction for customers, both of which are key considerations for digital business. However, many organizations lack the resources to orchestrate and analyze multiple point solutions for a decision.”*

Acuant was also recognized as an IDC Innovator in Identity Proofing solutions. As a key emerging vendor in the identity proofing market, Acuant offers the combination of physical document and biometric authentication through human-assisted machine learning. 

“We are pleased to continually be recognized as an innovative leader providing best-in-class solutions that address rising transactional fraud in the digital economy,” said Yossi Zekri, President and CEO of Acuant. “We strive to do this with the least amount of friction to both our global partners and their end users, making transactions seamless and secure. 2018 is poised to be the best year in our company history and we are well-positioned to deliver tremendous growth and continued profitability.”