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Acuant reports most profitable quarter in company history

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Acuant reports most profitable quarter in company history

Acuant has achieved the most profitable quarter in company history with a 300 percent year-over-year increase in total sales growth in Q2 2018, driven by global partnerships in the financial sector, according to a company announcement.

Growth from the company’s SaaS solutions topped 60 percent, and the company says its integrations with Experian, Okta, and Trulioo boost the services of the IAM and Identity Verification marketplace.

“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,” Gartner analyst Jonathan Care wrote in the market analysis company’s Hype Cycle for Identity and Access Management Technologies, 2018.

Acuant also reviewed several other honors bestowed on the company for its combination of physical document and biometric authentication with human-assisted machine learning, including recognition as an IDC Innovator, a Stevie Award winner, and winner of a Global Excellence Award from Info Security Product Guide.

“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.”

Software company Noodigs Realty Services also recently selected Acuant to provide identity verification for its new digital platform.

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