EMERYVILLE, Calif.--(BUSINESS WIRE)--Clear Skye® Inc., the “Better Way to IGA” identity company, today announced a significant first year out of stealth mode in 2020, which saw revenue growth of nearly 300 percent in a market growing at 10 percent. Its customer base expanded beyond North America into Europe and Asia Pac, and the company saw a 100-percent renewal rate. Clear Skye also doubled enablement partners around the world in 2020, increased its workforce by 500 percent, and delivered improved outcomes through three product releases.
“2020 was our first year out of stealth mode and our debut of ‘A Better Way to IGA,’ and the results have been very gratifying,” said John Milburn, Clear Skye CEO. “Based on our success in 2020, and thanks to the investors, customers, and partners who have been part of our journey, we see 2021 being an even bigger year. This year we will add even more unique capabilities that better align organizations’ IGA programs with their other critical business functions to reduce typical headwinds in areas such as application onboarding.”
In 2020 Clear Skye made significant investments in its product to simplify security and compliance. As a result, last year it released three updates to the Clear Skye IGA solution, with a focus on key improvements to performance, visibility and flexibility. This was enabled during the first part of the year when the company closed a $4.95 million Series A round of funding led by Toba Capital, with round participants including Inner Loop Capital and existing investor ServiceNow Ventures.
With successful Identity Governance as much process as it is technology, having the right partner expertise is critical. Last year, Clear Skye launched “Elevate,” a global partner program for leading Identity and Access Management (IAM) system integrators and consulting services firms, and as a result recruited and trained more than 20 of the best identity-skilled advisory partners in the world. According to Mads Myrvoll, Head of Service Management Consulting at Clear Skye partner Sopra Steria, “Clear Skye has quickly become a strategic partner to Sopra Steria because it allows us to unite our ServiceNow and Identity and Access Management practices. The Clear Skye solution enables us to deliver tremendous value to our customers because it is more than IGA. It facilitates an enterprise-wide risk management system.”
Clear Skye was also honored for its work modernizing the IGA space with significant industry recognition and validation. Key industry analysts included Clear Skye in their IGA publications, including reports such as KuppingerCole IGA on ServiceNow Report, Gartner’s Market Guide for Identity Governance and Administration (paid subscriber link), and the 451 Research Coverage Report. 2020 was also the first year Clear Skye was included in the Gartner Peer Insight program, where it currently has a five-star rating. According to one customer, “Clear Skye is an innovative company focused on ensuring their product delivers on the commitment and value promised.”
Clear Skye also participated in a technical product review with eWEEK, where its solution performed significantly well, and its extensive reporting and automation reducing operational overhead were highlighted as differentiated in its industry.
Clear Skye’s industry traction, vision and leadership were also recognized in 2020 with multiple industry awards. During the year, CRN named Clear Skye to its 2020 Emerging Vendors list, honoring new, rising technology suppliers that exhibit great promise in shaping the future success of the channel with their dedication to innovation. Its Clear Skye IGA™ solution was also selected as a finalist in the Innovative Product of the Year award category of the 2020 American Cyber Awards program, established to shine a spotlight on the most innovative and successful people, teams and products in cybersecurity. In addition, TMC named the Clear Skye IGA solution as a 2020 Cloud Computing Security Excellence Award winner and a 2020 Cloud Computing Excellence Award winner, both awards being presented by Cloud Computing Magazine and recognizing products that have most effectively leveraged cloud computing in their efforts to bring new, differentiated offerings to market. Finally, Clear Skye earned Most Innovative Company of the Year honors in the 10th annual Best in Biz Awards Program, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America.
Clear Skye is executing on its bold vision of simplifying security by delivering a cost-effective solution for today’s Identity Governance challenges. Clear Skye Identity Governance and Administration (IGA) is the only IGA solution built natively on the ServiceNow Now Platform, and as a result uniquely removes friction from business processes related to governing application access. Organizations can greatly increase the efficiency and effectiveness of IGA programs while leveraging and extending their investment in the ServiceNow Now Platform. Clear Skye IGA delivers the critical IGA capabilities of Identity Lifecycle Management, Access Review, Access Certification, and Audit-Focused Analytics without the overhead of standing up another new software silo requiring integration.
While legacy IGA technologies require the addition of another complicated silo to be managed, Clear Skye IGA integrates simply as an additional business process automated by the Now Platform. By providing Provisioning, Access Request, Access Review and Analytics on the Now Platform, Clear Skye customers gain significant efficiencies in the way their IGA programs operate. Additionally, Clear Skye IGA leverages the benefits delivered by other solutions on the Now Platform, such as Configuration Management Database (CMDB); Governance, Risk and Compliance (GRC); and Security Operations.
About Clear Skye
Clear Skye, an Identity Governance and Administration (IGA) software company, reimagines enterprise identity access and risk management software to make the complicated problem of identity governance easier to manage. Built on ServiceNow’s Now Platform, Clear Skye IGA removes the need for a standalone IGA solution in favor of leveraging an existing platform. The Emeryville, Calif.-headquartered company serves customers across a broad set of vertical markets by providing identity lifecycle management and governance solutions. Founded in 2016, the company is venture backed. For more information, see https://www.clearskye.com, and follow us on Twitter, LinkedIn, and Facebook.
Clear Skye and Clear Skye IGA are registered trademarks of Clear Skye, Inc. All other marks and names mentioned herein may be trademarks of their respective companies.