Itway S p A : PRESS RELEASE – ITWAY S.P.A. SIGNS PARTNERSHIP WITH ONE IDENTITY.

ITWAY S.p.A. SIGNS STRATEGIC PARTNERSHIP

WITH ONE IDENTITY.

REVENUES UP BY ABOUT 4 MILLION

IN THE NEXT TWO YEARS

THE GLOBAL IDENTITY MANAGEMENT (IAM) MARKET

BY 2023 IT IS 8.6 BILLION USD AND BY 2028 IT WILL BE 18.1 BILLION USD (CAGR 16.2%)[1]

Ravenna-Milan, 16 October 2023 - Itway S.p.A, operating parent company active in the IT, Cyber Security, Cyber Resiliency, AI and Big Data sector, listed on the Euronext market: ITW.MI, continuing in the research and selection of innovative technologies specialized within the Cyber segment, which allow the growth and expansion of the ITWAY Security & Resiliency 360™ offer, has entered into a strategic partnership with the company ONE IDENTITY in the field of Identity Governance. ONE IDENTITY products are required to manage identities and access to corporate resources.

ONE IDENTITY, part of Quest Software (Quest Software NASDAQ: QSFT) group, a cybersecurity company based in California, USA, designs and develops identity governance, access management, and identity-as-a-service software solutions that help organizations counter security threats.

The Itway Group expects revenues of approximately Euro 4 million in the next two years operating in the Banking and Insurance, Health, Energy, Education and Public Administration sectors.

Perhaps more than other identity security technologies, ONE IDENTITY is a solution that increases visibility, task segregation, role management, attestation, analytics, and reporting by enabling account administration, credential administration, user and device provisioning, and rights management.

"By partnering with ONE IDENTITY, we help companies adopt security best practices to choose centralized security solutions and protect themselves in compliance with the Sarbanes-Oxley Act (SOX), which first introduced the requirements necessary to govern access to information through identity profiling." says the President of ITWAY, G. ANDREA FARINA who adds "ONE IDENTITY offers solutions that help customers strengthen operational efficiency, reduce the risk surface, control costs and improve cybersecurity. The unified identity platform enables organizations to move from a fragmented identity strategy to a comprehensive identity governance approach."

"With the increasing digitalization and explosion of different types of on-premises, cloud and multicloud business systems and applications, and the consideration that each user has multiple accounts and multiple privileges for each account, ONE IDENTITY allows access rights to be more precisely mapped, allowing you to reduce cyber threats related to data breaches." says ANGELO SALICE, Director of the Cyber Security & Resiliency Business Unit of ITWAY who adds "ONE IDENTITY also allows you to customize the experience and make it a simple and fluid process thanks to the integration and implementation services provided by ITWAYthat assist organizations in designing and implementing effective strategies, mitigating risks, preventing lost profits, and improving the security of existing information systems."

Itway -www.itway.com

Founded in Ravenna on 4 July 1996 by G. Andrea Farina, Itway S.p.A. is the head of a group that operates in the IT sector for the design, production and distribution of technologies and solutions in the field of cybersecurity, cyber resilience, artificial intelligence (AI), cloud computing, big data and infrastructures.

One Identity - www.oneidentity.comOne Identity offers unified identity security solutions that help customers strengthen their overall cybersecurity strategy and protect people, applications and data that are essential to their business. The Unified Identity Security Platform brings together best-in-class Identity Governance and Administration (IGA), Access Management (AM), Privileged Access Management (PAM), and Active Directory Management and Security (ADMS) capabilities to enable organizations to move from a fragmented environment to a holistic approach to identity security. One Identity is trusted and proven on a global scale, managing more than 500 million identities for more than 11,000 organizations worldwide.

[1] Source Marketsandmarkets 08/2023

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