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8KMiles gains on launching ‘FuGen MISP’ to extend secure Cloud Framework, ID Federation Management

22 Aug 2013 Evaluate

8KMiles is currently trading at Rs. 68.00, up by 0.75 points or 1.12% from its previous closing of Rs. 67.25 on the BSE.

The scrip opened at Rs. 70.00 and has touched a high and low of Rs. 70.00 and Rs. 65.20 respectively. So far 17,664 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 93.00 on 01-Jul-2013 and a 52 week low of Rs. 17.65 on 05-Sep-2012.

Last one week high and low of the scrip stood at Rs. 73.00 and Rs. 65.00 respectively. The current market cap of the company is Rs. 68.00 crore.

The promoters holding in the company stood at 66.28% while Non-Institutions held 33.72% respectively. 8KMiles, a leading global cloud computing company, has introduced the ‘FuGen Multi-domain Identity Services Platform’ (MISP) to help enterprises rapidly set up identity federations with minimum friction and cost ownership, establish a delivery infrastructure for scaling, automated partner testing and monitor deployments through real-time compliance certification.

The FuGen MISP supports more than 15 government profiles, process templates for establishing large federation communities, and more than 200 pre-configured and validated SaaS applications including Salesforce, Office365, Dropbox, NetSuite, Concur, Citrix, and many more.

Customers can leverage these capabilities for rapid federation deployments to keep in compliance with government policies and regulatory mandates. Enterprises can also take advantage of onsite/offsite support for business partner onboarding and pre-qualification, policy review, SaaS partner certification, partner interoperability testing and reporting services.

Based on industry standards, the FuGen MISP can work either on-premise or from a private/hybrid cloud to augment the abilities of existing Identity and Access Management, Single Sign-On (SSO) solutions and legacy services. It will allow enterprise customers to establish Federated identity access with their partners and manage automated compliance certification and monitoring. Users will find significantly reduced costs, fewer interoperability and compliance issues, and less time needed to integrate and scale identity federations.

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