IDdriven, Inc. (OTCQB: IDDR) is an enterprise software company that specializes in identity and access management. Shares of the enterprise software company are rallying 50%, through early trading on Tuesday, December 13, 2016. Over the past month, IDdriven, Inc. has seen average daily volume of 315,094 shares. However, nearly 5.93 million shares or dollar volume of $207,550, has already exchanged hands early Tuesday.
The Sacramento-based company is soaring on Tuesday, after the company announced that it has been awarded a contract from the National Rural Electric Cooperation Association (NRECA). IDdriven, Inc. will provide its IDDriven 2.0 identity platform NRECA is based in Arlington, VA and is a national services company that focuses on consumer-owned electric cooperatives. Here is the full press release detailing of the awarded contract:
IDdriven, Inc. Press Release:
SACRAMENTO, California, December 13, 2016 /PRNewswire/ –IDdriven, Inc. (OTCQB: IDDR), developer and service provider of the new breed of Identity and Access Management (“IAM”) solutions, today announced it has been contracted to provide its IDDriven 2.0 Identity Software as a Service (“IDaaS”) solution to the National Rural Electric Cooperative Association “(NRECA”).
NRECA, based in Arlington Virginia, is the national service organization that represents the nation’s 900+ private, not-for-profit, consumer-owned electric cooperatives, which provide service to 42 million people in 47 states across 75 percent of the American landscape. It has approximately 1,000 employees and a total 80,000 external identities throughout its member co-ops. After the initial phase onboarding the employees, the goal is to onboard all 80,000 external identities onto the IDdriven service.
Commenting on its IDdriven contract, NRECA Principal Information Security Representative, Jon Naglieri, commented, “We are interested in leveraging IDdriven’s Role Based Access Control (“RBAC”) capabilities due to it being a cloud service and its seamless integration with Microsoft`s MIM and Azure Active Directory. We are looking forward to working with the IDdriven team and sharing its culture of commitment to outstanding service.”
“This is an enormous win for IDdriven, and bodes well for our ability to close on our growing pipeline of prospective enterprise customers,” said Arend Verweij, IDdriven`s Chief Executive Officer. “Our many years of industry experience shows that, rather than try to do it themselves with limited resources, many small and mid-size companies look up to a respected industry leader like NRECA to do its due diligence on new and updated technologies — and then they could simply decide for themselves to implement the IDdriven software solution.
“In the private sector, 81,000 identities is exceptionally large in scope,” Mr. Verweij added. “To put its magnitude into context, consider that in the Fortune 500, which represents 2/3 of US GDP, global oil field services company Halliburton is ranked #89 with 80,000 employees, Philip Morris International is ranked #88 with 82,500 and Exxon Mobil is ranked #87 with 83,700.
“Big, small or in between,” Mr. Verweij concluded, “IDdriven is dedicated to delivering the industry’s most advanced IDaaS solution, competitively priced, for the highest value proposition.”
Arlington, Virginia-based NRECA is the national service organization that represents the nation’s more than 900 private, not-for-profit, consumer-owned electric cooperatives, which provide service to 42 million people in 47 states across 75 percent of the American landscape (http://www.electric.coop/).
About IDdriven, Inc.
With its next-generation IDaaS program of the same name, IDdriven, Inc. is at the forefront of the new breed of Identity Management and Access Governance solutions. Taking the complexity and upfront costs out of implementation, IDdriven is trusted to protect a company’s most vulnerable assets. Founded in 2013, IDdriven is headquartered in Sacramento, California. To learn more, visit: http://www.IDdriven.com.