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Global IAM Leader Cross Identity Restructures, Separates Product Business.

Further staking its claim in the burgeoning USD 17 billion IAM market, long-time specialists Cross Identity (Formerly Ilantus) announced a major restructuring. Cross Identity shall henceforth offer professional services for all leading IAM products, while a newly formed company Cross Identity will offer its Converged IAM product “Cross Identity”.

The global IAM market is growing rapidly and is forecasted to reach USD 24 billion by the end of 2026, up from USD 12 billion in 2018. What was once a niche market is now one of the largest marketplaces in cybersecurity.

The split-up announced by Cross Identity will enable a full range of IAM services of high quality from Cross Identity to be available to more global customers and partners.

The company will retain its services business under the Cross Identity banner while moving its product to a newly formed company “Cross Identity”. This move brings…Read more