RSA Announces New Investments to Fuel 4X YoY Growth in Canadian SaaS Market

MONTREAL--(BUSINESS WIRE)--RSA, the security-first identity leader, today announced strategic investments to accelerate its growth in the Canadian market at the InCyber Forum North America. Following a 444% increase in its Canadian SaaS business YoY and after making significant investments in staff, partners, and distributors throughout the country, RSA will devote additional investments to fuel its growth in the country.

As a further commitment to the Canadian market, RSA will launch a new cloud tenant in the country to meet the growing demand for RSA^® ID Plus, the only identity and access management (IAM) platform that can support cloud, hybrid, and on-premises configurations. The launch will help Canadian government agencies, financial services providers, critical infrastructure, and other leading organizations align with the Privacy Act, the Personal Information Protection and Electronic Documents Act (PIPEDA), and the Directive on Digital Service. It will also ensure that local organizations can deploy a unified identity platform to secure authentication, access, governance, and lifecycle across their environments.

“Canada is a strategic market for RSA,” said RSA CEO Rohit Ghai. “Our growth in the country, unmet market demand, and success with some of Canada’s top organizations and government agencies made the case for RSA to invest significantly in Canada. These investments will help more Canadian businesses deploy the unified identity capabilities needed to prevent cyberattacks and catalyze productivity.”

“By moving to the cloud, Canadian organizations accelerate productivity, optimize costs, and introduce new risks that target identity,” said RSA Chief Product Officer Jim Taylor. “To realize the benefits that come from working in the cloud and account for its new risks, government agencies, financial service providers, critical infrastructure providers, and other leaders should prioritize a unified identity platform that secures authentication, access, governance, and lifecycle.”

“RSA has been working in Canada for decades, and in that time our investments in our solutions, team, and local partners have helped accelerate market demand for our cloud-based business,” said Peter Jantzen, RSA Head of Sales, Americas. “These investments will help Canada’s businesses scale along with the rest of the market and move to the cloud securely.”

“We’re thrilled that RSA is continuing to invest in cloud security and identity protection, which is a critical need for all organizations,” said Matt Sirbu, Director, Security, Softchoice. “As a leader in identity-based cybersecurity solutions, RSA is well placed to help Canadian businesses and government agencies securely adopt and use hybrid cloud technologies.”

In addition to increasing its SaaS business in Canada by more than 4X over the last year, RSA saw overall SaaS sales grow in the Americas by 2X YoY in the same period.

An overwhelming majority of Canadian companies (92%) use some form of cloud computing. While cloud technologies provide businesses with unique benefits, they also introduce significant security risks: the IBM Cost of a Data Breach Report 2023 identified migration to the cloud as one of the biggest cost amplifiers on the financial impact of a breach. The report also noted that the most common form of cloud breaches “included data that spanned multiple environments—including cloud and on premises.”

ID Plus is the only IAM solution that can extend across and secure multiple environments. RSA will be demoing ID Plus at the InCyber Forum North America in Montreal today and tomorrow at booth 510. At the Forum, RSA CISO Rob Hughes will deliver a keynote detailing an emerging cyberattack technique on October 25 at 3:55 PM on the Red Stage.

RSA will launch its new tenant in the first half of 2024 and will move aggressively to support any customers with securing their cloud environments in the interim.

Resources

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About RSA

The AI-powered RSA Unified Identity Platform protects the world's most secure organizations from today's and tomorrow's highest-risk cyberattacks. RSA provides the identity intelligence, authentication, access, governance, and lifecycle capabilities needed to prevent threats, secure access, and enable compliance. More than 9,000 security-first organizations trust RSA to manage more than 60 million identities across on-premises, hybrid, and multi-cloud environments. For more information, go to RSA.com.