Press Release
October 4th, 2016Permira Invests in Duo Security’s Trusted Access Solution
Protecting against data breaches with cloud-based two-factor authentication
ANN ARBOR, MI & LONDON, UK (10/04/2016) – Global investment firm Permira has rolled out Duo Security’s cloud-based two-factor authentication solution across its 14 sites for 200+ employees. The firm has replaced its previous authentication solution with Duo to enable secure remote working whilst ensuring compliance standards are met.
“We are part of a heavily regulated environment which means we must comply with certain guidelines – of which two-factor authentication is one. However, we also like to demonstrate to our investors that we practice and apply the best, most stringent security across all our applications. That’s where Duo comes in,” said Carolyn Lees, director of IT at Permira.
Prior to implementing Duo, Permira was using an open source token and VPN client solution but wanted to move away from the provider as it was also managing the certificate authority, and therefore was not true two-factor authentication. Following initial testing and a Proof of Concept, Duo was rolled out across the company, with users able to set themselves up on the system and select their preferred method of authentication from Push notifications, SMS passcode or telephone call-back.
“The implementation phase was fairly seamless and Duo has eased congestion and demand on the IT team,” added Lees. “The fact the technology is cloud-based is a huge benefit for us as we don’t have to deal with the back-end infrastructure, and it means that our users can authenticate from anywhere in the world. We have a responsibility to make sure our network is secure and we now also specify that Duo is a requirement for any web applications we look at using for the business.”
Henry Seddon, VP EMEA for Duo Security comments: “We’re delighted Permira has chosen Duo for its secure, cloud-based two-factor authentication. Cybercrime is one of the most disruptive threats to the financial industry but Permira has proactively sought a solution which will protect their data and that of their clients, particularly in this era of compliance and regulation.”
About Permira
Permira is a global investment firm that finds and backs successful businesses with ambition. Founded in 1985, the firm advises funds with a total committed capital of approximately €31 billion. The Permira funds make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth. In the past 31 years, the Permira funds have made over 200 private equity investments in five key sectors: Consumer, Financial Services, Healthcare, Industrials and Technology. Permira employs over 200 people in 14 offices across North America, Europe and Asia. For more information visit: www.permira.com
About Duo Security
Duo Security is a cloud-based trusted access provider protecting the world’s fastest-growing and largest companies and thousands of organizations worldwide, including Box, Etsy, Facebook, KSwiss, Palantir, Paramount Pictures, Random House, Toyota, TripAdvisor, Twitter, Yelp, Zillow, and more. Duo Security’s innovative and easy-to-use technology can be quickly deployed to protect users, data, and applications from breaches, credential theft and account takeover. Duo Security is backed by Benchmark, Google Ventures, Radar Partners, Redpoint Ventures and True Ventures. Try Duo for free at www.duo.com.
Contact:
UK
Kirsten Scott, Kelly Friend or Barry Salmon
éclat Marketing
duo@eclat.co.uk
01276 486000