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Startup Looks to Solve Identity Crisis
Caymass area of expertise is identity management, which means ensuring that only designated users, both internal and external, can access specific systems and applications.
This is a topic of increasing importance to enterprises, as online identity theft, or "phishing," as it is known, is already a major problem for many businesses. In addition, companies are under pressure to meet the data privacy requirements of legislation such as the Health Insurance Portability and Accountability Act (HIPPA).
As a result, identity management is fast emerging as a hot technology area. Last week Computer Associates International Inc. (CA) (NYSE: CA) acquired Caymas's rival Netegrity for $430 million. Clearly, there is money to be made from identity-management technology (see CA Nets Netegrity for $430M).
So, who are the people behind Caymas? The company was founded in 2002 by Terence Brown and Bob Bortolotto, former execs at Cisco Systems Inc. (Nasdaq: CSCO) and optical-transport specialist Cerent Corporation. Brown is now Caymass CEO and Bortolotto is vice president of hardware engineering and systems. For the record, Cerent was acquired by Cisco for $7 billion in 1999.
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